A&O Shearman makes lawyer time central to its AI plan
The five-year commitment is valued at $1.1 billion, mostly through practice time, with project teams developing specialist tools.
Business, technology and what comes next.
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The five-year commitment is valued at $1.1 billion, mostly through practice time, with project teams developing specialist tools.
The advisory acquisition has closed, but a separate attest combination is still expected later this year.
Revenue rose 9% as the company lifted its full-year outlook and pointed to AI products serving legal, corporate, tax and accounting customers.
TCS reported a $2.6 billion annualized AI revenue run rate after creating a dedicated Claude business unit, showing how implementation partners are positioning themselves between frontier labs and enterprise operations.
Norm’s $120 million financing at a $1.2 billion valuation is tied to a more consequential experiment than automated research: a law firm built around supervised agents and outcome-based pricing.