Multi-billion-dollar law firm Latham launches $1m AI bonus pot

Legal giant Latham Watkins, which generated $8.3bn (£6.3bn) last year, has launched a $1m (£760,000) programme to encourage associates to use AI. The law firm said the financial rewards, which represent one per cent of the firm s global revenue, will be awarded to recognise associates who lead or materially contribute to AI initiatives that create value for clients, practice groups, matter teams or the firm as a whole. Latham Watkins said individual awards will vary based on the significance, impact, and scalability of each contribution. Michael Rubin, chair of Latham s AI strategy committee, said the programme is part of the firm moving to continue to advance our AI strategy . Our associates bring firsthand insight into where AI can make a meaningful difference, and this award is designed to foster that ingenuity and help identify and scale the ideas that can create the greatest value for our clients and our firm, Rubin said. Latham said it will run a nom