Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
The
bottom
line
is
that
it
is
coming.
There
are
many,
many
firms
who
believe
firmly
that
it
is
going
to
have
a
pretty
significant
impact
on
the
way
they
work
and
their
leverage
models.
—
Gretta
Rusanow,
managing
director
and
head
of
advisory
services
at
Citigroup
Inc.’s
law
firm
group,
in
comments
given
to
Bloomberg
Law,
concerning
the
impending
costs
associated
with
Biglaw
firms’
efforts
to
deploy
artificial
intelligence
tools
across
their
practices.
It’s
been
estimated
that
in
the
not-too
distant
future,
firms
may
be
spending
0.5%
or
more
of
their
revenue
on
AI.
Staci
Zaretsky is
the
managing
editor
of
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to
email
her
with
any
tips,
questions,
comments,
or
critiques.
You
can
follow
her
on Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.