International Legal Generative AI Report
LexisNexis • August 22, 2023
LexisNexis International Legal Generative AI Survey Shows Nearly Half of the Legal Profession Believe Generative AI Will Transform the Practice of Law
LexisNexis has released the results of its International Legal Generative AI Survey.
The survey involved 7,950 participants, including lawyers, law students, and consumers from the U.S., U.K., Canada, and France. The study aimed to gauge awareness and expectations regarding the impact of generative AI on the legal profession.
Key Findings:
- 47% of respondents believe generative AI will significantly or transformatively impact the practice of law.
- 45% think it will have some impact, while only 7% believe it will have no impact.
- Among corporate counsel, 60% expect law firms to adopt AI technology like generative AI tools, with only 10% disagreeing.
- 67% of U.S. corporate counsel, followed by 61% of French, 59% of U.K., and 53% of Canadian counsel, expect their law firms to adopt generative AI tools.
- 78% of corporate counsel expect transparency from law firms when using generative AI tools.
Legal AI Pathfinders Chicago
As part of the program at the Legal AI Pathfinder's Assembly: New York chair, Damien Riehl posed a series of questions to attendees, focusing on their current perspectives and future outlooks regarding AI.
Whose time is it to shine? Given the potential for generative AI to automate a significant portion of routine legal tasks, let’s pose the question – how might AI fundamentally redefine the conventional law firm structure, billing model, and value proposition?
2023 has been a landmark year for the team at Inside Practice.
If you missed Inflection Point: The Legal #AI Revolution Part 2 - we have just made the keynote session available - "What Does it Mean to be a Lawyer in an AI-Enabled World? "
The Legal AI Pathfinder’s Assembly – New York took place last week at the offices of Simpson Thacher on December 7th.
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