Rajah & Tann Launches AI Contract Review Subscription for Clients, Seeking New Revenue Beyond Hourly Fees
Updated
Updated · Financial Times · May 15
Rajah & Tann Launches AI Contract Review Subscription for Clients, Seeking New Revenue Beyond Hourly Fees
2 articles · Updated · Financial Times · May 15
Rajah & Tann has rolled out a subscription service that gives clients direct access to its in-house AI contract review system, marking a shift from using legal AI internally to licensing it externally.
The service draws on the firm’s digital vault of vetted legal documents and data, with an off-ramp to paid lawyer support when issues become more nuanced or complex.
Rajesh Sreenivasan said the model should cut clients’ routine review costs without cannibalizing legal work, because in-house teams may send more high-value advisory and complex matters back to the firm.
That approach reflects a broader push by law firms to build their own AI tools when off-the-shelf products are unsuitable, with firms such as Allen & Gledhill and Inkling Legal Design tailoring systems to their own precedents and jurisdictions.
Ashurst is also reworking billing around AI and human expertise, underscoring how firms are testing new business models as generative AI reshapes legal-service delivery.
With AI automating legal work, will the billable hour be replaced by a 'billable token' for AI-generated advice?
As law firms become tech developers, are they creating a new wave of malpractice risk from their own flawed AI?
If AI handles all the routine tasks, what is the future for junior lawyers entering the legal profession?
Rajah & Tann’s AI Revolution: Subscription Models, Responsible Governance, and the Future of Legal Practice in Singapore
Overview
Rajah & Tann is transforming legal services by integrating advanced AI tools like Harvey and Copilot for Microsoft 365, which significantly enhance operational efficiency. The firm has launched a subscription-based, AI-powered contract review service through its ReadyDocs platform, moving away from traditional hourly billing to offer clients more predictable and cost-effective solutions. By adopting a hybrid service model, Rajah & Tann combines the speed and accuracy of AI with essential human legal expertise, ensuring critical oversight and reliability. This innovative approach positions the firm at the forefront of client-focused, technology-driven legal practice.