AI is the business-model shock law firms need

Law firms' traditional business models, reliant on time-based billing and limited investment, are being disrupted by AI technologies that perform routine legal tasks at lower costs. Firms like Kirkland and Cooley are investing heavily in AI, while others may consolidate, leading to a bifurcation in the legal industry. AI-native law firms, such as Crosby, highlight the shift toward technology-driven legal services.