Continuing with our series focusing on Firm AI, a new category of AI that we believe will drive business success for professional and financial services going forward, today we share Principle 2: the business of the firm is the bigger
Law firm mergers are being signed at the fastest pace in years. What the press releases don’t cover is what happens the morning after.
Fairfax Associates tracked 59 completed law firm mergers in 2025, an 18% increase over 2024, with
Last week, we introduced a blueprint for a new category of AI that we believe will drive business success for professional and financial services going forward. Mind your business. Not just your practice. is our complete statement on what Firm
Managing partners have been running some version of this conversation for thirty years: a lateral arrives, a conflict surfaces, a screen goes up, the file gets walled. An ethical wall (also called an ethics wall) is a documented, court-recognized information
Over the last two years, AI landed on every desk in professional firms. Sure enough, professionals got measurably faster at completing work, armed with review tools, drafting assistants, research accelerators, modeling plug-ins, and more. Yet looking at big-picture firm economics,
Your GC is already asking how you’d prove that an AI agent didn’t pull from a restricted engagement when it answered a partner’s question. And most firms don’t have a clean answer but because the architecture required to answer it
AI governance, for a law firm, means being able to document what AI tool was used on a matter, what client data it accessed, who reviewed the output, and whether the client’s specific outside counsel guidelines were applied before work
Conflicts clearance is the process of screening a lateral partner’s prior representations against the hiring firm’s active client and matter database to identify adverse conflicts before the hire is finalized and new matters open. It sounds straightforward. At volume, it
The 2026 Technology Perceptions Survey Research Report reveals that 92% of fee-earners at financial and professional services firms now use AI at work, up from 48% in 2024.
This statistic is important, signaling a major shift in how daily work
Every major investment banking and advisory (IB&A) firm has an AI strategy these days. But many of those firms aren’t actually AI-ready: they lack the infrastructure and governance frameworks required to effectively scale it and unlock its full value.
The
