International law firm Hill Dickinson LLP has implemented regulations on the general use of generative AI by its staff following a "significant increase in usage”. On Tuesday, BBC News reported that the firm had blocked general access to several AI tools after it had seen an email from the firm to employees. The email revealed that there were more than 32,000 hits to ChatGPT over a seven-day period in January and February.
City law firms continue to see robust financial growth, with Clifford Chance reporting its best financial performance for seven years, and Macfarlanes LLP and Mills & Reeve LLP experiencing notable increases in turnover.
Winston & Strawn and Taylor Wessing have completed their previously announced merger, launching new transatlantic law firm Winston Taylor, the firms confirmed on Monday 1 June. The combination brings together more than 1,400 lawyers and is projected to generate around $1.75 billion in revenue.