Hyder Index · Legal & Professional Services
Legal narrowed its gap in October. Pricing still lags.
Legal & Professional Services scored 65 in the October 2026 reading, a Significant Gap. Change scored 69 and response scored 39, so companies are keeping up with about 55% of the change around them.
That is down two points from 67 in September, the biggest move on the Index in October. A lower score means a narrower gap. Response rose five points, the largest response gain of any industry. The score sat at 64 from May through August.
The October reading shows heavy spending on legal AI. Harvey, a legal AI company, raised a new funding round on September 9. OpenAI launched Astra for Law, a legal model, and four law firms adopted it in September. Morgan & Morgan committed to a decade of investment in AI and legal technology.
Pricing has not moved as fast. BigHand, a legal software company, found that 49% of law firms saw rising client demand for alternative fee arrangements. Its 2026 pricing survey found only 29% of firms have changed how they price AI-augmented work.
For a legal leader, the tools are arriving quickly. The open questions are how to price AI work and how to govern it. Shama's Strategic Urgency keynote gives your leaders a way to decide which of those changes to act on first.
Shama created the Hyder Index to measure the Change-Response Gap: how fast industries are changing versus how fast companies are responding. 50 means even, higher means a wider gap, and 60 to 69 is a Significant Gap. A new reading is published the first Tuesday of every month. See the full Legal & Professional Services reading →