Goldman Sachs, Morgan Stanley and Citigroup are pressing major law firms to reflect AI-driven productivity in their fees. Their demands could accelerate a wider shift away from hourly billing and change who benefits financially when AI reduces the time needed for legal work.
Law firms are moving quickly to adopt AI, but new Thomson Reuters research points to a growing gap between strategy and execution. The next test will be whether firms can connect AI use to pricing, staffing, client service and measurable business value.
The legal profession is undergoing a structural shift. As companies build stronger internal legal teams to manage cost, risk, and the speed of decision-making, the role of the in-house lawyer is being redefined
Global private capital is navigating a period of complexity and evolution. Regulations keep shifting, and the race for unique opportunities now touches every asset class and region.