Freshfields Partners Explore Spinout of Legal AI Unit With External Investors Targeting Multibillion Valuation

Senior partners at Freshfields Bruckhaus Deringer have discussed carving out the firm's legal AI unit, Freshfields Lab, as a separate entity and opening it to external investment, according to internal communications reviewed by the Financial Times. The London-based law firm's leadership envisions a standalone company with a potential valuation in the billions, marking a significant departure from the traditional law firm ownership model.