AI May Raise — Not Lower — Corporate Legal Costs

While companies are turning to AI to control legal expenses, early evidence suggests costs may rise before falling. Specialized AI-literate legal talent commands a growing wage premium, and boards must invest upfront to unlock efficiency gains.

MyLogIQ data shows only a small number of S&P 500 companies explicitly assign AI oversight to general counsel, signaling an emerging governance gap. Boards are being encouraged to treat AI adoption in legal functions as a strategic transformation rather than a near-term cost-cutting tool.

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