A survey conducted by LegalOn revealed that legal teams, including GCs and contract managers, dedicated an average of 188 working days to contract review last year. As the industry evolves, AI adoption within these teams has surged by 75% in just one year, signaling a critical shift in how legal professionals are handling contracts. The upcoming 2025 State of Contracting report will delve into effective AI implementation strategies, various success stories across organizations, and practical steps teams can take to harness AI for contract review efficiency.
In a comprehensive survey conducted among legal professionals, it was revealed that legal teams spent an average of 188 working days on contract review last year. This highlights the significant workload faced by GCs and legal operations teams, indicating a trend that necessitates a shift towards more efficient methods such as AI-powered solutions.
The 2025 State of Contracting report notes a staggering 75% increase in AI adoption within legal teams over the past year. This shift demonstrates a growing acknowledgment among organizations about the potential efficiencies that AI can bring to the cumbersome process of contract review.
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