Legal news this week: AI disclosure, billing data and firm ownership

New Law Society AI guidance, 8am data showing the billable hour holding firm, Tennessee's no to PE ownership, Legora's $8.8bn round and 15 years of ABSs.

Legal news this week: Copilot for Legal, AI oversight, SRA pressure

Microsoft enters legal AI, research finds a gap in firms' AI governance, judges set their AI stance and small firms step up pressure on the SRA.

Law firms' AI use outpaces governance, LexisNexis survey finds

LexisNexis polled 543 UK lawyers: two-thirds use AI daily or several times a week, yet 18% say no one clearly owns AI governance at work.