The business impact of generative AI is being talked about across the legal industry, with splashy headlines about its potential use cases, from contracts to litigation to access to justice.
Whether generative AI will perform as anticipated, what’s most interesting to this writer is the speed with which the AI conversation has moved inside legal. In a stroke of irony, legal is an industry standout for embracing the conversation around this technology so early. According to a LexisNexis Legal & Professional survey of 1,176 U.S. lawyers, 1,239 law students and 1,765 consumers, the legal industry is “significantly more aware” of the new tech. And Reuters reported that more money is pouring into generative AI in the legal sector as law firms line up to adopt GPT and its ilk.