From Generative AI to Revenue Drivers: Insights from the LawPay and MyCase 'Legal Industry Report 2024'
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Keeping track of the evolving technological landscape is challenging for legal professionals, especially with new products and features being released daily. The LawPay and MyCase Legal Industry Report 2024 helps bridge this knowledge gap by providing valuable information on legal technology issues and trends. Based on survey responses from over 2,600 legal professionals, the report covers topics such as generative AI adoption, technology implementation hurdles, and the top tools for law firm success. It offers actionable data to streamline firm operations and ensure profitability in 2024.
That's where industry surveys and reports like the just-released LawPay and MyCase Legal Industry Report 2024 come in. They bridge the knowledge gap by arming you with the information you need to know, enabling your firm's success in the year to come.
According to the report, while most legal professionals have some awareness of generative AI, only 27% of respondents reported using generative AI tools for work-related purposes. This indicates that most law firm leaders are unsure about the adoption and implementation of generative AI. The report provides insights into generative AI understanding and adoption plans, helping legal professionals make informed decisions about leveraging this technology in their firms.
The survey data shows that while most legal professionals have some awareness of generative AI, most law firm leaders are on the fence about the how, why and when of generative AI adoption.
The LawPay and MyCase Legal Industry Report 2024 is a valuable resource for legal professionals looking to navigate the rapidly changing technology landscape. Whether it's understanding generative AI or implementing the best tools for law firm success, this report offers actionable data and insights to help firms stay competitive and profitable in 2024.
This year's report was based on survey responses from over 2,600 legal professionals and provides a wealth of information on trending legal technology issues ranging from generative AI understanding and adoption plans to technology implementation hurdles, and the top tools that enable law firm success and profitability.
Read at ABA Journal
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