Update: Market Chatter: Takeda, Other Biotech Firms to Announce New Drug Pricing Deals With White House
MT newswire2026/08/31 19:58Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Wall Street giants such as Goldman Sachs (GS.US) and Morgan Stanley (MS.US) are pressuring law firms to lower fees, aiming to share the efficiency dividends brought by AI.
Goldman Sachs, Morgan Stanley, and Citigroup have informed law firms that, as artificial intelligence (AI) technology has made routine work more efficient, legal fees charged by law firms should also decrease.


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