Kirkland Invests $500 Million in AI Platform
In brief
- Kirkland & Ellis is investing $500 million to build its own artificial intelligence platform.
- This move is expected to give the firm an edge over rivals.
- The firm will fund its AI platform from its own revenues.
- This is because law firms are banned from raising equity financing or sharing fees with non-lawyers.
- Only a few wealthy law firms can make such investments.
- This limits access to justice for many people.
- As many as 90% of Americans show up to state court without a lawyer.
- New rules may change this by allowing law firms to accept equity investment from non-lawyers.
Read full story at Bloomberg Law News →
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