What is legal AI and how is it transforming law firms? Find out more with Access Legal
Artificial intelligence (AI) is continuing to evolve at pace, offering a variety of benefits for businesses of all sizes. It has been quickly adopted by a wide variety of industries, with IT and telecommunications leading the way with an adoption rate of 29.5%, followed closely by the legal sector at 29.2%.
In 2023, a Goldman Sachs report suggested that 44% of legal work could be automated by generative artificial intelligence (GenAI) in the near future. Surprisingly, their 2024 report completely omits the legal sector, perhaps suggesting that this statistic was somewhat inflated. However, the high adoption rates show that many have recognised the value of using AI in law firms.
In this article, we’re to explore the relationship between AI and law firms, and the ways in which this developing technology can support efficiency, decision making and client support.
