As our digital world evolves, so do the expectations for legal departments of global companies and large law firms. They are increasingly expecting their outside counsel to integrate advanced technology into their operations, notably General Artificial Intelligence (GenAI).
It’s clear that the rise of GenAI in the legal field is not merely a distant future concept. This powerful technology is beginning to have real-life implications in the present day, influencing client expectations, reshaping traditional legal processes and altering, in ways subtle and profound, the very nature of the legal profession.
According to a piece by Law.com, outside counsel who have yet to embrace GenAI risk lagging behind their peers who are proactively adapting to this technological shift.
Expectations from large corporate clients and major law firms include more efficient processes, faster turnaround times, and most importantly, higher levels of precision and accuracy enabled by GenAI. It is therefore becoming absolutely crucial for outside counsel to keep pace with these emerging needs, or they could potentially become obsolete in a progressively digitized and AI-driven legal landscape.