Ed. note: Welcome to our daily feature, Quote of the Day.
If you’re able to eliminate so much of the routine work, and a Big Law lawyer is now called upon for the more interesting advisory work, I can envisage we will see a reshaping of the leverage model, even if the size of law firms remains similar to where it is now.
— Gretta Rusanow, managing director and head of advisory services at Citi Private Bank Law Firm Group, in comments given to Bloomberg Law on the rise of generative AI and ،w it will change law firm leverage. As AI takes on more basic tasks, she said, the number of entry-level lawyers will likely decrease while the number of more senior lawyers will increase, so that they can offer “strategic advice.”
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.