David S. Pritzker was quoted in the Law.com article “AI Effects on Fees Requires Transparency With Clients, Attorneys at Harvey Event Say,” discussing how AI use at law firms can benefit both firms and their clients.
Pritzker noted that AI offers an opportunity for firms to maintain margins while passing savings on to clients, creating a “win-win situation.” He also emphasized that while best-in-class AI tools come at a cost, the firm is already seeing a return on its investment for both the firm and its clients.
The article also explores how AI is already shaping fee conversations between firms and clients, including the ongoing debate over the billable hour and the growing interest in flat fee structures, and why transparency about AI use and its costs, savings, and benefits is key to preserving client relationships.
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Read “AI Effects on Fees Requires Transparency With Clients, Attorneys at Harvey Event Say.” (subscription)