Spoke with a banker at a well known investment bank in NYC last week. They told the law firm they want the fees cut in half or they walk. This is to a top 5 law firm. Lawyers are trying to charge the same prices, when both sides know they are working half the hours. This is even at the most premium top end, where an engagement bill can run up to 30 million.
Your epistemic barometer is way off if you think claiming "lawyers are now doing 50% less work" is the same as saying "people on the internet make shit up all the time" lolol.
Because bankers famously aren't greedy pigs, and they definitely lowered prices for their customers after the efficiencies gained with computerization, right?
