Law firms’ billing model faces disruption as clients turn to AI DIY advice

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Law firms’ billing model faces disruption as clients turn to AI DIY advice

Law firms are facing a new challenge as corporate clients are increasingly using their own in-house legal teams and AI tools to do legal work themselves, threatening the traditional growth and revenue model. According to new research from HSBC in their yearly UK Law Firm Strategy and Investment Survey, almost three-quarters of 100 law firms [...]