The final report on City Signal for 2023 is focused on AI investments. We take a look at firms’ investment in GenAI startups, the challenges firms may face in pricing GenAI-handled tasks and AI investment at the Big Four accountants.
It is clear that 2023 is a landmark year for GenAI in the sector as law firms, tech startups and the Big Four seek to match ambition with investment and for the first time, budgets are likely to include specific spending on GenAI. As the September 2023 City Signal report highlighted, almost all large UK law firms are trialling some type of GenAI product ahead of potentially pressing the button on an investment.
This report also includes an analysis of UK 200 firms’ concerns on a range of risks and the results were stark when it came to leaders ‘biggest headache’.
To uncover this and other insights, read the full report on City Signal.
