Herbert Smith Freehills LLP and New York-based firm Kramer Levin have officially completed their transatlantic merger, forming a new global legal powerhouse with more than 2,700 lawyers across 26 offices worldwide.
Corporate clients are increasingly requiring law firms to use generative AI in their operations, according to recent research by Thomson Reuters. The study also highlights a significant rise in AI adoption within the legal sector, with the percentage of firms and in-house departments using AI jumping from 14% to 26% over the past year.