Whichever way you cut it, the merger of Australian legal giant Ashurst and US firm Perkins Coie comes back to the artificial intelligence boom.
Yes, there’s a global trend towards consolidation in the legal industry as firms try to prepare for a future in which lower-level legal work is handled, in part or in full, by AI agents, which threaten to disrupt the sector’s profit pools in a way we haven’t seen in decades.
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