---
title: "Wall Street banks demand lower legal fees as AI boosts efficiency: FT"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297595583.md"
description: "Major Wall Street banks, including Goldman Sachs, Morgan Stanley, and Citigroup, are demanding lower legal fees from law firms. Citing the efficiency gains from AI technology, these financial institutions argue that routine work is faster and costs should decrease significantly per transaction. They are pushing for new billing models where law firms share in the savings generated by automation."
datetime: "2026-09-01T04:30:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297595583.md)
  - [en](https://longbridge.com/en/news/297595583.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297595583.md)
generator: "portal-rs"
---

# Wall Street banks demand lower legal fees as AI boosts efficiency: FT


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**