Major law firm allocating hundreds of millions to build its own proprietary AI legal tech tools.
“Berthou thinks AI could push legal billing away from the hourly clock and toward project-based pricing.”
Source→“Kirkland reportedly earmarked $500 million to build the tool out over three to four years, a hefty sum even for a firm that pulled in $10.6 billion in revenue last year.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.