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Goldman Sachs (GS.US), Morgan Stanley (MS.US), and other major Wall Street banks pressure law firms to lower fees, seeking to share the efficiency gains from AI

Goldman Sachs (GS.US), Morgan Stanley (MS.US), and other major Wall Street banks pressure law firms to lower fees, seeking to share the efficiency gains from AI

智通财经智通财经2026/09/01 07:01
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Zhihu Finance APP has learned that Goldman Sachs (GS.US), Morgan Stanley (MS.US), and Citigroup (C.US) have informed law firms that as artificial intelligence (AI) technology has made routine work more efficient, fees charged by law firms should also decrease.
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