
The legal market is currently undergoing a transformation, primarily driven by artificial intelligence (AI) and increasing economic pressures. AI, notably generative AI, is profoundly altering legal practices, offering significant opportunities while posing challenges in data confidentiality and algorithm reliability. Concurrently, law firms are under increased pressure from major financial institutions to reduce their fees, which could redefine traditional relationships between these entities and open new prospects for small and medium-sized enterprises (SMEs) in the legal sector.
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