Leading law firm Clifford Chance is shaking up its London back-office operations as it increasingly adopts artificial intelligence (AI) to drive efficiency. The move will see 10% fewer business services staff employed, with around 50 roles made redundant and up to 35 jobs restructured.
According to the Financial Times, the cuts are part of a broader strategy to strengthen operations in line with changing market demands. The firm is shifting more work to its international offices in Poland and India, where it has established key hubs for certain functions.
Industry experts say that AI's growing presence is no surprise, as the technology is rapidly automating tasks such as coding, research, scheduling meetings, and contract review. This trend is set to have a significant impact on office-based roles, with many firms opting to retain productivity gains rather than invest in additional staff.
A recent survey of business leaders found that four in 10 respondents reported using AI to reduce the number of employees they employed. The British Standards Institution poll, spanning seven countries, highlighted the growing concern about how companies are adapting to the AI revolution.
Meanwhile, Mohamed Kande, global chairman of PwC, has indicated that his firm is rethinking its recruitment targets due to the rise of AI. He stated that while entry-level jobs may be affected, the need for skilled AI engineers remains a pressing issue, with the firm struggling to fill hundreds of positions in this area.
The impact on job markets will undoubtedly continue to unfold as more companies integrate AI into their operations. While some firms are embracing AI as a means of increasing efficiency, others are grappling with the consequences of reduced demand for certain roles. As Kande noted, "the world looks very different now" β and businesses must adapt to survive in this new landscape.
According to the Financial Times, the cuts are part of a broader strategy to strengthen operations in line with changing market demands. The firm is shifting more work to its international offices in Poland and India, where it has established key hubs for certain functions.
Industry experts say that AI's growing presence is no surprise, as the technology is rapidly automating tasks such as coding, research, scheduling meetings, and contract review. This trend is set to have a significant impact on office-based roles, with many firms opting to retain productivity gains rather than invest in additional staff.
A recent survey of business leaders found that four in 10 respondents reported using AI to reduce the number of employees they employed. The British Standards Institution poll, spanning seven countries, highlighted the growing concern about how companies are adapting to the AI revolution.
Meanwhile, Mohamed Kande, global chairman of PwC, has indicated that his firm is rethinking its recruitment targets due to the rise of AI. He stated that while entry-level jobs may be affected, the need for skilled AI engineers remains a pressing issue, with the firm struggling to fill hundreds of positions in this area.
The impact on job markets will undoubtedly continue to unfold as more companies integrate AI into their operations. While some firms are embracing AI as a means of increasing efficiency, others are grappling with the consequences of reduced demand for certain roles. As Kande noted, "the world looks very different now" β and businesses must adapt to survive in this new landscape.