Biglaw Firms Better Be Prepared To Open Their Wallets To Pay For AI

Ed. note: Welcome to our daily feature, Quote of the Day.

The bottom line is that it is coming. There are many, many firms who believe firmly that it is going to have a pretty significant impact on the way they work and their leverage models.

— Gretta Rusanow, managing director and head of advisory services at Citigroup Inc.’s law firm group, in comments given to Bloomberg Law, concerning the impending costs associated with Biglaw firms’ efforts to deploy artificial intelligence tools across their practices. It’s been estimated that in the not-too distant future, firms may be spending 0.5% or more of their revenue on AI.

Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.

The post Biglaw Firms Better Be Prepared To Open Their Wallets To Pay For AI appeared first on Above the Law.

Ed. note: Welcome to our daily feature, Quote of the Day.

The bottom line is that it is coming. There are many, many firms who believe firmly that it is going to have a pretty significant impact on the way they work and their leverage models.

— Gretta Rusanow, managing director and head of advisory services at Citigroup Inc.’s law firm group, in comments given to Bloomberg Law, concerning the impending costs associated with Biglaw firms’ efforts to deploy artificial intelligence tools across their practices. It’s been estimated that in the not-too distant future, firms may be spending 0.5% or more of their revenue on AI.

Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.