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Ed. observe: Welcome to our day by day function, Quote of the Day.
Should you’re capable of remove a lot of the routine work, and a Massive Legislation lawyer is now referred to as upon for the extra fascinating advisory work, I can envisage we’ll see a reshaping of the leverage mannequin, even when the scale of regulation companies stays just like the place it’s now.
— Gretta Rusanow, managing director and head of advisory companies at Citi Personal Financial institution Legislation Agency Group, in feedback given to Bloomberg Legislation on the rise of generative AI and the way it will change regulation agency leverage. As AI takes on extra primary duties, she stated, the variety of entry-level attorneys will possible lower whereas the variety of extra senior attorneys will enhance, in order that they’ll supply “strategic recommendation.”
Staci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e-mail her with any ideas, questions, feedback, or critiques. You may comply with her on Twitter and Threads or join together with her on LinkedIn.
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