Generative Artificial Intelligence and Revolution of Market for Legal Services

Bruno Deffains and Frédéric Marty
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Bruno Deffains: CRED - Université-Paris-Panthéon-Assas

No 2025-01, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: The implementation of generative artificial intelligence in legal services offers undeniable efficiency gains, but also raises fundamental issues for law firms. These challenges can be categorised along a broad continuum, ranging from changes in business lines to changes in the competitive environment and the internal organisation of law firms. This paper considers the risks that law firms face in terms of both the quality of the services they provide and perceived competition, both horizontally and vertically, considering possible relationships of dependency on suppliers of large language models and cloud infrastructures.

Keywords: Generative artificial intelligence; legal services; accountability; competition; vertical relationships (search for similar items in EconPapers)
JEL-codes: L42 L86 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2025-01
New Economics Papers: this item is included in nep-ain, nep-cmp and nep-law
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2025-01

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