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And it begins…(a good start…)

Business
United States
September 04, 2026에 시작됨

Wall Street banks are pushing large law firms to cut fees, arguing that the business model that has enriched top lawyers for decades is not sustainable in an era of AI. Morgan Stanley and Citigroup have told major law firms they want to set up new payment arrangements that would save them money, the banks’ […] The post And it begins…(a good start…) appeared first on Marginal REVOLUTION. CommentsIn reply to Dan S. I can give an example of AI being helpful . by AladdinIn reply to Kyle. The prob...

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CLAIM 게시자: admin Sep 04, 2026
Unregulated fee reductions could lead to a race to the bottom, harming both lawyers and clients in the long term.

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CLAIM 게시자: admin Sep 04, 2026
Banks and law firms must engage in dialogue to establish mutually beneficial payment structures that acknowledge the role of AI.

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CLAIM 게시자: admin Sep 04, 2026
Law firms should embrace technology to improve efficiency and justify their fees rather than simply reducing them.

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CLAIM 게시자: admin Sep 04, 2026
AI can potentially enhance legal services, and this should be reflected in how firms price their offerings.

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CLAIM 게시자: admin Sep 04, 2026
The introduction of AI in legal practices should be accompanied by a new payment model that reflects the changing landscape.

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CLAIM 게시자: admin Sep 04, 2026
Any changes in fee structures should ensure that the quality of legal representation is not compromised.

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CLAIM 게시자: admin Sep 04, 2026
The legal industry should prioritize accessibility and affordability, even if it means reducing fees for top lawyers.

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CLAIM 게시자: admin Sep 04, 2026
AI advancements in the legal field should lead to collaborative discussions on fair compensation for legal professionals.

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CLAIM 게시자: admin Sep 04, 2026
Reducing legal fees may lead to lower quality in legal services as firms struggle to maintain standards.

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CLAIM 게시자: admin Sep 04, 2026
Cost-cutting measures imposed by banks can stifle innovation in the legal industry by limiting investment in new technologies.

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