Tag: Professional Services
43 articles tagged Professional Services
60% of UK law firms see clients taking work in-house with AI tools
HSBC’s survey of over 100 UK law firm leaders finds 60% citing clients bringing work in-house with AI and 73% calling AI integration a major challenge.
SRA consults on writing AI into the standards expected of solicitors
The Solicitors Regulation Authority is consulting until 3 December on updating its competence statement and SQE legal knowledge, with a new focus on AI.
OpenAI launches Astra for Law, with Harvey and Legora building on it
OpenAI's legal configuration of GPT-6 Astra adds a US case-law index, 26 partner plugins and zero data retention, but UK firms get no British authorities yet.
Lawyers' fear of AI errors rises even as adoption hits 94%
A LexisNexis survey of 543 legal professionals finds anxiety about fabricated output climbing faster than the technology is being embedded in strategy.
English law already answers who pays when AI causes harm
The UK Jurisdiction Taskforce concludes contract, negligence and professional duty cover most AI claims, and that deployers need not wait for new statute.
Bosses rate their AI rollouts higher than the staff do
Executives call 69% of deployments successful; the people using the tools say 53%. In audit and tax the figure drops to 43%, and distrust is now a top barrier.
PwC reports carried fake citations from AI, researchers find
Four PwC Middle East thought leadership reports contained hallucinated footnotes and unverifiable sources, according to GPTZero research verified by the FT.
Not using AI could make lawyers negligent, taskforce says
The UK Jurisdiction Taskforce says professionals can be sued for negligence for failing to use AI, and that existing English law already covers most AI liability disputes.
Anthropic ships 12 legal plug-ins for Claude with Westlaw, Harvey, Box integration
Anthropic has expanded Claude for law firms with 12 practice-specific plug-ins and live integrations into Thomson Reuters' CoCounsel and Westlaw, Harvey, Box, Everlaw and DocuSign.
EY rolls out agentic AI across 130,000 audit workforce
EY launches enterprise-scale agentic AI across its global assurance division, pairing more than 130,000 auditors with agents to manage complex tasks.
PwC Tells Partners to Embrace AI or Leave the Firm
PwC US chief Paul Griggs warns that partners resisting AI adoption will be replaced, as the firm launches an automated services platform and shifts away from hourly billing.
How solicitors are using AI for contract review
The Law Society examines real-world AI adoption in legal contract management, from document summarisation to large-scale due diligence and agentic workflows.
KPMG Partner Fined for Using AI to Cheat on Internal AI Test
A partner at KPMG Australia has been fined A$10,000 after using AI tools to pass an internal training course about using AI responsibly.
AI Creates New Headaches for Lawyers as Clients Turn to ChatGPT
Lawyers report that clients are arriving with inflated expectations from AI chatbots, while firms grapple with how AI productivity gains will affect the billable hour.
If AI Is Taking Junior Lawyers' Jobs, Why Does Their Pay Keep Rising?
FT investigation reveals law firm salaries climbing despite AI adoption, as automation frees juniors for higher-value work rather than eliminating roles.
Law Firm Shoosmiths Awards £1m Bonus After Staff Hit 1 Million AI Prompts Target
UK law firm becomes first to link firmwide bonus to AI adoption, rewarding staff after reaching Microsoft Copilot usage milestone four months early.
AI Still Far From Replacing Lawyers Despite Bar Exam Success, Research Shows
New benchmarks reveal LLMs score just 37% on complex legal tasks. Despite automation fears, law graduate employment hit record highs in 2024.
AI Turbocharges Legal Litigation as Law Firms Race to Adopt New Tools
Major law firms report significant time savings using AI for document analysis and depositions, though accuracy concerns and hallucination risks remain key challenges.
PwC Chairman Warns AI Will Reduce Graduate Hiring Across Professional Services
Mohamed Kande says AI's ability to automate data analysis threatens entry-level positions, whilst firm struggles to hire hundreds of AI engineers.
Law Firm Tells Juniors: Dedicate 20% of Billable Time to AI Studies
International law firm Ropes & Gray allocates billable hours for first-year associates to master AI tools and develop automation skills.
KPMG to Include AI Adoption in Staff Performance Reviews from 2026
Big Four firm will assess employee AI usage in annual reviews, monitoring engagement with tools like Microsoft Copilot whilst maintaining focus on development rather than punishment.
Channel 4 Pits AI Against Trainee Solicitor in Legal Drafting Competition
Dispatches programme compares Garfield AI's £100 claim form with trainee's £1,000+ version. Supervised assessment finds human draft superior despite cost difference.