Corporate AI investment

Morgan & Morgan announced it will spend at least $1 billion on legal tech and AI over the next decade. The investment centers on MX2, its proprietary legal AI platform featuring agentic workflows, document drafting, and medical record extraction.

Clio acquired vLex for US$1 billion to integrate legal AI and extensive legal databases into its platform, creating the Intelligent Legal Work Platform.

Kirkland announced plans to spend $500 million over three to four years developing custom AI tools and services internally.

Kirkland & Ellis reportedly earmarked $500 million to build a proprietary AI platform called the Fund Formation Engine in partnership with Palantir. The bespoke tool embeds the firm's legal knowledge to automate repetitive elements of fund formation work, such as drafting limited partnership agreements and tracking compliance.

Kirkland & Ellis is co-developing an AI platform with Palantir as part of a multi-year technology partnership. The firm says the platform is part of a $500 million plan to build its own AI technology for private equity fund formation work.

Relativity says its continued R&D investment fuels its cloud-native, AI-powered platform and related legal data work. It also says Rel Labs is its innovation hub and investment arm for legal AI startups.

Blackstone’s in-house legal team is collaborating with Norm Law, which is built to deliver AI-native legal services. The article says the firm was being built in collaboration with Blackstone’s internal legal team, and separately notes Blackstone invested $50 million in Norm Ai, an affiliated company that makes AI agents.

Norm Ai received a $50 million investment from Blackstone and Stonecroft Management to bolster its AI development and launch Norm Law, a new New York-based LLP. The firm’s attorneys will customize and oversee the work of Norm Ai’s regulatory agents.

Norm Law launched as an AI-native law firm backed by a $50 million investment from Blackstone. It subsequently recruited several senior BigLaw partners across private equity, real estate, and transactional practices.

Thomson Reuters built its first proprietary proprietary large language model, named Thomson, in-house. The company invested $40 million in talent and compute to train the model for its core legal use cases.

Goodwin Procter has set aside $25 million annually for artificial intelligence.

Goodwin announced it will spend about $25 million a year to buy and develop its own AI tools and platforms. The firm has already rolled out a venture financing tool as part of this initiative.

McDermott Will & Schulte reinvests as an anchor investor in The LegalTech Fund's second fund, putting $10 million behind legal technology innovation. The firm says the partnership gives it access to the latest innovations shaping the future of law and helps it deliver more value for clients.

The Supreme Court made its first AI-related budget request of about ¥60 million (US$375,000) to test whether generative AI can draft summaries and lists of contested issues from civil lawsuit records.

Zunic Law utilizes artificial intelligence tools internally as an essential part of its legal due diligence process for M&A and complex transactions. The AI tools enable the firm to quickly identify risky clauses, compare contract versions, and generate structured reports to accelerate processes and lower costs.

Baker McKenzie established its Applied AI practice (also referenced as the Machine Learning Practice), an internal team of lawyers and technologists led by Danielle Benecke. The group builds and deploys AI-enabled workflows for complex legal, business, and regulatory client matters.

Husch Blackwell launched a new artificial intelligence-focused platform called CXT (Complex Torts). The platform focuses on the management and defense of complex tort litigation.

Venable is actively evaluating and implementing AI tools to enhance operational efficiency. The firm is integrating AI development into its training programs for partners, associates, and summer associates.

Skadden announced new collaborations centered around legal AI tools to integrate artificial intelligence into its legal workflows.

8am announced new generative AI tools for MyCase, including a Claude MCP connector and new 8am IQ features (Firm Agent and Draft). These tools allow legal professionals to query firm data, summarize cases, and automate document template creation.