The story around  Baker McKenzie 's reorganisation of business services seems to have grown legs since it was first reported in  Roll On Friday  earlier in the month Going back to the original article (link in the comments), it is up to 10% of business services staff at risk, not (a) 10% definitely being laid off and (b) certainly not 10% of everyone (incl. lawyers in the firm) - as I've seen others report ROF estimate total staff of 600-100 at risk, and  Legal Cheek  a more

When it comes to the impact of AI on law firm commercial models, it feels as though the disruption is only just getting started As a general state of the union, we're still in the foothills of applying AI to matters in pursuit of task level efficiencies and seeing some new models emerging outside of the larger incumbent firms ( Garfield AI  is one of my go-to examples) And whilst we're realising that an industry that prices based upon cost-plus-margin is in for a rude awakeni

Not only do I expect both KPMG and Grant Thornton's own clients to be pressing for a 14% discount on audit fees, in light of this article I also expect every audit partner in every firm across the country to be starting next year's fee negotiation from a much weaker - 'where's the 14% AI saving' rather than the more traditional 'well it's been another tough year for inflation and we need to pass that through' This highlights an important issue when it comes to pricing, partic