Startups Magazine and Legal Futures quote Daniel Rosenberg on the use of AI and technology in M&A
Legal Technology provider Litera, in association with the Technology in M&A Subcommittee of the American Bar Association’s M&A Committee, has released new data suggesting that UK firms currently use AI-based technologies to complete around half (49%) of their Merger & Acquisition (M&A) engagements and 61% at firms where M&A is the majority of their work.
As part of Litera’s new survey, ‘M&A in the AI Era: Future Trends in Deal-Making Tech’, the data reveals - amongst other findings - that law firm leaders are "navigating an increasingly competitive landscape for deal-making amid a slowdown in global M&A activity".
The paper finds that eight in 10 (80%) UK law firms indicate that AI is highly important for their overall M&A practice. Additionally, 94% anticipate that the majority of M&A engagements in the legal industry will be completed using AI-based technologies within the next 10 years.
Daniel Rosenberg, Partner in our Corporate team, and Chair of the ABA Technology in M&A Subcommittee, contributed to the paper and is quoted on its findings in articles by Startups Magazine and Legal Futures. Daniel comments:
It is no surprise that clients are increasingly asking lawyers to deploy AI in their transactions in order to leverage the significant efficiencies AI can generate [...] Those efficiencies are potentially so significant that lawyers should be more worried when their clients are not asking these questions – those clients are potentially going to be talking to lawyers who can offer these efficiencies on their own initiative.
Read the full article in Startups Magazine here and Legal Futures here.
