Thread

As A.I. makes law firms more efficient, clients ask: 'Where's my discount?'

150 points · 162 comments · mooreds

mikert89 · 1790567679 · focus · HN ↗
Spoke with a banker at a well known investment bank in NYC last week. They told the law firm they want the fees cut in half or they walk. This is to a top 5 law firm. Lawyers are trying to charge the same prices, when both sides know they are working half the hours. This is even at the most premium top end, where an engagement bill can run up to 30 million.
1. sensanaty · 1790579613 · focus · HN ↗
  Because bankers famously aren't greedy pigs, and they definitely lowered prices for their customers after the efficiencies gained with computerization, right?

Unofficial Hacker News client; not affiliated with Y Combinator.