...Street banks are demanding law firms reduce their fees to reflect how...

[Onion BlueskyOnion Bluesky is verified member.]

Wall Street banks are demanding law firms reduce their fees to reflect how much they are saving with AI. “If the number of hours they’re working on a matter has come down because of AI . . . our expectation is for costs to come down significantly.”

Read the story on #FTEdit ft.trib.al/ZMYaeye

View on Bluesky
Source: at://did:plc:kkf4naxqmweop7dv4l2iqqf5/app.bsky.feed.generator/news-2-0
Author: FT Edit (@ftedit.ft.com)