The Rise of AI The Use of AI Will Increase in Law Firms and Legal Departments
WHAT MORE YOU SHOULD KNOW
The National Law Review reports that 36% of lawyers say that AI tools will be mainstream within the next five years. 2
About This Trend AI has enormous potential to accelerate efficiency and improve effectiveness in the legal industry. It can be used in eDiscovery, legal research, document management and automation, due diligence, litigation analysis, improving internal business processes and more. Lawyers have shown an unprecedented level of interest in recent advancements in AI because of its wide popular appeal and potential to improve their work lives and job satisfaction. A Thomson Reuters Institute survey of lawyers revealed that 82% of respondents feel positive about generative AI’s potential use in the legal profession. 1 Both reflecting and illustrating how AI will impact the legal industry in coming years,
Why the Use of AI Tools is Increasing
AI represents a significant shift in the way technology has been adopted by the legal industry, typically known for taking a cautious approach to implementing new tech. AI has a unique appeal that is driving its rapid adoption. The Wolters Kluwer report found that 73% of legal professionals say they’ll be integrating AI into their legal work in the coming 12 months. 3
The fact that generative AI is designed to work with text and uses natural language
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24 VOICES FOR 2024 LEGAL TECH TRENDS IN AI & AUTOMATION
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