Across corporate legal departments, the use of generative AI is poised to grow, according to a recent survey. Current usage of this technology for legal functionalities remains limited, with less than a third (28%) of the general counsel surveyed stating that they currently utilize generative artificial intelligence. This survey, released by FTI Consulting and Relativity, a legal technology company, indicates that the adoption of AI in legal departments is set for expansion, with 75% of the respondents foreseeing an increase in the coming years. Bloomberg Law reported these findings.
The surge in generative AI — embodied by technologies such as ChatGPT — is driving growth in the legal technology market. Products powered by AI offer potential avenues for corporations to enhance their legal functions. However, further details about AI’s role and potential applications in the legal sector remain gated behind premium access.
As AI continues its foray into the legal profession, the contrast between current usage and expectations for the future indicates a significant gap. This could signify both challenges and opportunities as legal departments grapple with integrating such rapidly advancing technology into their everyday practices.