Corporate law firms are accelerating AI adoption through mergers and acquisitions, widening the gap between Big Law and smaller practices. Thomson Reuters data shows legal-technology spending rose more than 11% in the third quarter, fueling global consolidation.
U.S. firm Perkins Coie announced a megamerger with Ashurst to scale AI investment, while Cleary Gottlieb acquired Springbok AI for its engineering talent. Canadian firms are also moving quickly: Dentons Canada hired its first chief transformation officer and partnered with AXL to co-develop tools. Boutique firms warn rising costs are pricing them out of cutting-edge systems.
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