Corporate legal departments in some of the largest global companies are looking to bring artificial intelligence (AI) in-house. The market for AI tools is heating up with no end in sight, and some former general counsel are moving into AI tech startups, confident that the technology is what the industry needs.
So AI is already changing legal, right? Not entirely. For many, it hasn’t even yet fully arrived. According to Thomson Reuters’ “Ready or Not: Artificial Intelligence and Corporate Legal Departments” survey of general counsel, attorneys, and other legal professionals across 207 legal departments, most corporate legal teams are not ready to adopt AI in the near future, nor do many understand its application.
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