U.S. law firm Kirkland & Ellis said it is devoting $500 million of its revenue to developing a custom AI platform, accelerating a spending race on the technology in the legal industry.
Kirkland, with self-reported revenue of $10.6 billion last year, said on Thursday it would invest the funds over the next three to four years, starting with $100 million in 2026.
The firm, founded in Chicago and with thousands of lawyers globally, said it would still license some third-party AI programs. It declined to say if its planned platform would rely on a specific generative AI model.
