• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

by June 25, 2025
written by June 25, 2025

Chris Schwegmann is getting creative with how artificial intelligence is being used in law.

At Dallas-based boutique law firm Lynn Pinker Hurst & Schwegmann, he sometimes asks AI to channel Supreme Court Chief Justice John Roberts or Sherlock Holmes.

Schwegmann said after uploading opposing counsel’s briefs, he’ll ask legal technology platform Harvey to assume the role of a legal mind like Roberts to see how the chief justice would think about a particular problem.

Other times, he will turn to a fictional character like Holmes, unlocking a different frame of mind.

“Harvey, ChatGPT … they know who those folks are, and can approach the problem from that mindset,” he said. “Once we as lawyers get outside those lanes, when we are thinking more creatively involving other branches of science, literature, history, mythology, that sometimes generates some of the most interesting ideas that can then be put, using proper legal judgement, in a framework that works to solve a legal problem.”

It’s just one example of how smaller businesses are putting AI to work to punch above their weight, and new data shows there’s an opportunity for much more implementation in the future.

Only 24% of owners in the recent Small Business and Technology Survey from the National Federation of Independent Business said they are using AI, including ChatGPT, Canva and Copilot, in some capacity.

Notably, 98% of those using it said AI has so far not impacted the number of employees at their firms.

At his trial litigation firm of 50 attorneys, Schwegmann said AI is resolving work in days that would sometimes take weeks, and said the technology isn’t replacing workers at the firm.

It has freed up associate lawyers from doing “grunt work,” he said, and also means more senior-level partners have the time to mentor younger attorneys because everyone has more time.

The NFIB survey found AI use varied based on the size of the small business. For firms with employees in the single digits, uptake was at 21%. At firms with fifty or more workers, AI implementation was at nearly half of all respondents.

“The data show clearly that uptake for the smallest businesses lags substantially behind their larger competitors. … With a little attention from all the relevant stakeholders, a more equal playing field is possible,” the NFIB report said.

For future AI use, 63% of all small employers surveyed said the utilization of the technology in their industry in the next five years will be important to some degree; 12% said it will be extremely important and 15% said it will not be important at all.

Some of the most common uses in the survey were for communications, marketing and advertising, predictive analysis and customer service.

“We still have the need for the independent legal judgment of our associate lawyers and our partners — it hasn’t replaced them, it just augments their thinking,” Schwegmann said. “It makes them more creative and frees their time to do what lawyers do best, which is strategic thought and creative problem solving.”

The NFIB data echoes a recent survey from Reimagine Main Street, a project of Public Private Strategies Institute in partnership with PayPal.

Reimagine surveyed nearly 1,000 small businesses with annual revenue between $25,000 and $50,000 and also found that a quarter had already started integrating AI into daily workflows.

Schwegmann said at his firm, AI is helping to even the playing field.

“One of the things Harvey lets us do is review, understand and incorporate and respond much faster than we would prior to the use of these kinds of AI tools,” he said. “No longer does a party have an advantage because they can paper you to death.”

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Bernie Moreno wants Senate to call for Nobel Peace Prize to go to Trump
next post
World leaders flock to meet with Trump at NATO Summit

related articles

Longtime Walmart CEO to step down in January

November 17, 2025

More than 1,000 Starbucks workers strike at 65...

November 15, 2025

October monthly job cuts surged to a 22-year...

November 7, 2025

Yum Brands begins strategic review for struggling Pizza...

November 5, 2025

Kimberly-Clark to buy Kenvue in $48.7 billion deal

November 3, 2025

Barbie, Monopoly toymakers see bright holiday season despite...

October 29, 2025

Target is eliminating 1,800 corporate jobs as it...

October 24, 2025

X-ray tables, hidden cameras: The tech in rigged...

October 24, 2025

Travis Kelce part of investor group aiming to...

October 24, 2025

Trump’s Argentina beef import plan will harm U.S....

October 23, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump must triple severely outdated nuke arsenal to outpace China and Russia, report warns

    October 2, 2025
  • Democrat godfathers make Biden offer they hope he can’t refuse

    July 19, 2024
  • CHARLIE KIRK: Republicans must seize Gen Z moment or risk losing an entire generation

    July 26, 2025
  • Trump tells Schumer to ‘GO TO HELL’ over Senate nominee deal funding demands after negotiations collapse

    August 3, 2025
  • UN says widespread sexual violence in Sudan is ‘deeply alarming’ amid bloody civil war

    November 1, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,800)
  • Investing (634)
  • Stock (951)

Latest Posts

  • Circuit court puts final nail in the coffin for Biden’s $500B student loan forgiveness plan

    February 19, 2025
  • Trump says election results not good for Republicans, citing 2 possible reasons

    November 5, 2025
  • ‘Complete failure’: Government shutdown crisis threatens Capitol Hill as Trump plans policy overhaul

    January 23, 2025

Recent Posts

  • US cuts defense ties with Cuba over ‘non-cooperation’ after harboring terror fugitives

    May 13, 2025
  • Trump yet to endorse in VA governor’s race – but also kept Youngkin at arm’s length

    October 23, 2025
  • How is a political appointee different from a career federal employee?

    February 18, 2025

Editor’s Pick

  • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    June 26, 2025
  • USDCAD and USDCNH: USDCAD is moving sideways for now

    August 13, 2024
  • JD Vance to tail Kamala Harris and her running mate this week on campaign trail

    August 5, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock