Freshfields Considers Billion-Dollar AI Spinoff
Freshfields law firm explores splitting its AI unit into a separate company worth billions.
In brief
Freshfields law firm explores splitting its AI unit into a separate company worth billions. Freshfields plans to spin off its AI division as a standalone company potentially valued at billions. Originally reported by Pymnts.
Freshfields Lab
Senior partners at global law firm Freshfields discussed making its in-house legal technology unit a separate company for external investors.
Potential Billion-Dollar Value
The unit, which develops ai tools for lawyers and clients, could be worth billions according to the report.
Ethan Klingsberg's Insight
Co-head of u.s. corporate and mergers at Freshfields said the idea 'just hit me last week' and that separating valuable assets prevents dilution.
“just hit me last week”
Early Stage Discussions
Freshfields confirmed the spinoff idea is at an early stage with uncertain value for external businesses.
The big picture
Freshfields plans to spin off its AI division as a standalone company potentially valued at billions.
