“The AI revolution is here,” proclaims a new study released by International Data Corporation, noting that “organizations will need to adapt to survive.”
The report, “Generative AI in Legal 2024,” is based on a survey of 300 legal professionals to examine how they are incorporating generative AI into their daily activities.
According to the report, which was commissioned by Relativity and conducted by IDC, half of legal professionals have increased their use of AI generally in the last two years, and 69% expect their use of generative AI specifically to grow within the next two years. Toward that end, 73% of organizations are taking steps to develop technical proficiencies with GenAI.
While contract analysis and legal research are currently the areas with the highest GenAI usage, document review is the area in which the most growth is anticipated. It is also the task legal professionals are most willing to entrust to GenAI, with 89% of respondents describing themselves as “very comfortable” or “somewhat comfortable” using generative AI for document review.
New Research Study Predicts Continued Growth for Generative AI in Legal [Law.com]
Generative AI in Legal 2024 [Relativity]
