Published: 07 November 2023
Legal leaders are facing increased pressure to adapt and respond to the opportunities and risks that generative AI imposes on legal technologies. This research offers insights into how generative AI could transform the future of the legal technology market.
The exponential hype of generative AI (GenAI) and large language models (LLMs) in the last year has had a significant impact on the legal technology market.
On the supply side, countless new GenAI developments have powered new legal technological capabilities, many of which remain untested and unproven by customers.
On the demand side, legal leaders plan to use and invest in more legal technology applications, many that offer GenAI, to make in-house legal work more efficient.
Legal departments are already deploying GenAI capabilities for higher-volume, routine legal tasks, such as control and risk monitoring or self-service requests from business
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Analysts:
Madeline Massey, Lauren Kornutick, Ron Friedmann, Nicholas Sworek
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