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AI Costs Outpace Budget Gains For In-House Legal Teams

By Anna Scott Farrell

In-house legal department leaders expect to have more spending money next year, but not enough to buy relief from unfunded demands to implement artificial intelligence and from rising salaries and outside counsel fees, according to a survey released Tuesday.

a large white geometric logo against dark curtains ABA Law School Accrediting Arm Repeals Diversity Standard
Man with short dark hair wearing a dark suit jacket, white dress shirt and patterned red tie Former Fox Legal Chief Joins Sullivan & Cromwell In Calif.
illustration of multiple hands taking apart a pie chart, piece by piece Insurance Defense Law Firms Draw Interest From PE Investors
A glowing white upward-trending line graph with an arrow tip is superimposed over a blue background featuring bokeh lights, vertical bar charts and several translucent arrows pointing toward the top of the frame. Associate Rates Hit $2,500 Per Hour, Outpacing Partner Hikes
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    Mid-Law

    Shipman & Goodwin Opens In Dallas With Restructuring Duo

    By Adrian Cruz

    Shipman & Goodwin LLP announced Tuesday that the firm has opened its first office outside the Northeast, expanding to Dallas with the hire of two restructuring attorneys from Ferguson Braswell Fraser Kubasta PC.

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    In-House

    Boards Boost AI Risk Oversight Fourfold, But Gaps Remain

    By Sue Reisinger

    Companies are taking notice of the increased peril that artificial intelligence is inflicting on them, with 4.3 times as many boards putting a committee in charge of AI risks in 2025 as a year before.

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    Courts

    Spiro Harrison Brings On Former NJ Federal Criminal Chief

    By Jake Maher

    Spiro Harrison & Nelson has added the former chief of the criminal division in the U.S. Attorney's Office for the District of New Jersey as a partner handling complex litigation, government and regulatory inquiries, internal investigations and other matters, the firm announced Tuesday.

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    Daily Litigation

    Gordon Rees Adds 5 From Robb Leonard To Pa., NJ Offices

    By James Boyle

    Gordon Rees Scully Mansukhani LLP has brought on five lawyers in Pennsylvania and New Jersey who joined the firm after the closure of Pittsburgh-based Robb Leonard Mulvihill LLP.

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    DC Pulse

    Venable Adds Ex-SEC Commissioner Crenshaw To DC Office

    By Jack Rodgers

    Venable LLP announced Tuesday it has hired Caroline Crenshaw, who was the lone Democratic member of the U.S. Securities and Exchange Commission until her term ended in January, as a partner in the firm's Washington office.

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    Modern Lawyer

    Paul Weiss Adds Funds Atty, SEC Alum From Kirkland

    By Andrea Keckley

    Paul Weiss Rifkind Wharton & Garrison LLP announced on Tuesday that its investment funds team has gained a Kirkland & Ellis LLP partner who started his legal career at the U.S. Securities and Exchange Commission.

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    Modern Lawyer

    Weil Welcomes Back Freshfields' Private Credit Co-Leader

    By Andrea Keckley

    Weil announced Tuesday that the co-leader of Freshfields LLP's private credit and capital solutions practice has returned to Weil's banking and finance practice, where he worked as a partner from 2014 to 2023.

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    DC Pulse

    Baker Botts Names New Energy, Infrastructure Leaders

    By Lynn LaRowe

    Baker Botts LLP announced Tuesday that it has appointed a group of longtime partners to leadership roles across practices central to the firm's energy and infrastructure work.

  • Legal Tech & AI

    Litigation AI Startup Concorda Raises $3.8M

    By Matt Perez

    Concorda, which is developing an artificial intelligence platform for litigation teams, announced Tuesday the raising of $3.8 million in seed funding to expand its engineering team and accelerate its customer acquisition plan.

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    California Pulse

    Paul Hastings Expands Capital Markets Team With Cooley Atty

    By Tracey Read

    A Cooley LLP attorney who advises companies, investment banks and investors on transactional and general corporate matters has joined Paul Hastings LLP as a capital markets partner in New York, the firm announced Tuesday.

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