• 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

United Airlines says it will boot passengers who...

March 6, 2026

DOJ takes Live Nation-Ticketmaster to court for antitrust...

March 4, 2026

L.A. County sues Roblox, alleges platform makes it...

February 21, 2026

CFTC chief sides with prediction markets over state...

February 19, 2026

Warner Bros. Discovery reopens talks with Paramount

February 18, 2026

Justice Department’s antitrust chief says she’s leaving, effective...

February 14, 2026

Cardi B’s cameo in Bad Bunny’s Super Bowl...

February 13, 2026

Retail operator of outdoor sportswear pioneer Eddie Bauer...

February 12, 2026

Landmark trial accusing social media companies of addicting...

February 11, 2026

Trump administration alleges Nike discriminated against white workers

February 5, 2026
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

  • Harris-Trump cash dash: This presidential candidate holds fundraising edge in final stretch

    September 21, 2024
  • Elon Musk’s Neuralink advances with second human implant: 400 electrodes active as trials progress

    August 6, 2024
  • 5 key takeaways of Biden’s address to the nation from the Oval Office

    July 25, 2024
  • Senate passes federal funding compromise as Democrats score victory in DHS revolt

    January 31, 2026
  • Justice Department looking to wind down Trump criminal cases ahead of inauguration

    November 6, 2024

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 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 (8,376)
  • Investing (1,152)
  • Stock (981)

Latest Posts

  • Duffy just got an additional job in Trump’s administration, and he’s not the only one wearing multiple hats

    July 11, 2025
  • US stocks open mixed: Dow jumps higher, S&P 500, Nasdaq in the red

    December 13, 2025
  • Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes

    August 27, 2025

Recent Posts

  • Turkey’s Erdogan threatens to invade Israel over war in Gaza as regional tensions grow

    July 29, 2024
  • DOJ releases final violent crime numbers for Biden administration

    January 17, 2025
  • Trump reshapes US foreign policy with wildly successful, business-first Middle East trip

    May 19, 2025

Editor’s Pick

  • New Trump-linked consulting firm launches in DC to navigate crypto, AI : ‘Trust, connected voice’

    April 30, 2025
  • Pahalgam terror attack: J&K Bank shares fall; analysts warn of short-term volatility if India retaliates

    April 23, 2025
  • Bitcoin falls to a new weekly low on Tuesday below

    October 1, 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