An innovative financial model is reshaping the US legal industry, fueling the growth of challenger firms and spurring a wave of new business models across the world’s largest legal market.
In an article for the Financial Times, Broadfield Holdings Chair Peter Sacripanti examines the changes law firms must make to stay competitive, highlighting how AI can help firms drive efficiency, adapt to shifting market demands, and position themselves for long-term growth.
“With the never-ending spiral of rates constantly climbing, law firms — unless they change their model — are pricing themselves out of the market. When you combine that with the increase in the capabilities of AI, and what that should do to deliver value to clients, it’s time for a change.”
Peter Sacripanti
Chair of Broadfield Holdings
Read the full article here.
