Spanish banks demand law firms cut fees due to AI
En el sector financiero se ve una tendencia incipiente originada en EEUU. Los despachos internacionales ya negocian los honorarios, pero los españoles ensalzan la IA para generar valor añadido. Leer
Spanish banks are negotiating with law firms and other professional service providers to reduce fees or increase services when artificial intelligence (IA) is applied. This trend, already seen in the US with banks like Goldman Sachs, Morgan Stanley, and Citi, aims to improve productivity and efficiency. Banks are seeking to renegotiate fees as IA takes over repetitive tasks, and some law firms are including clauses in contracts that reduce fees if IA is used. Meanwhile, some banks see IA as a way to generate added value, rather than just cutting costs.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
