Bloomberg's AI Tools Disrupt Law Firm Business Model
Published on 8.1.25
Bloomberg, a leading provider of business and financial information, is expanding its use of generative artificial intelligence (AI) in various areas, including law firms. The company's AI-powered tools are being used to analyze cases, identify patterns, and provide insights that can help lawyers make more informed decisions. This shift towards AI adoption could potentially speed up the demise of billable hours, a common practice in the legal industry where lawyers charge clients by the hour for their work. However, some lawyers have raised concerns about the use of AI-generated citations, citing issues with accuracy and attorney misconduct.