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Morgan Stanley and Citigroup Request Law Firms to Reduce Fees and Share AI-Driven Benefits
3 day ago /
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Author：小编
Media reports indicate that Morgan Stanley and Citigroup have communicated to law firms their intention to implement new payment structures aimed at curbing expenses in the age of artificial intelligence (AI). Similarly, Goldman Sachs has engaged in discussions with law firms regarding potential cost reductions achieved through AI and has expressed a desire to partake in the resultant benefits. Adam Meshel, who heads Citigroup's Global Legal Affairs, emphasized that if legal professionals leverage AI to expedite business processes, Citigroup anticipates a substantial decrease in the cost per transaction.
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