Stat(s) Of The Week: Gen AI Versus Outside Counsel
Briefly

from Above the Law1 month ago
The expectation for in-house teams to cut costs with AI is becoming a reality, with over a quarter now reporting savings," said Gloria Lee, Everlaw's CLO.
Above the Lawhttps://abovethelaw.com/2024/10/stats-of-the-week-gen-ai-versus-outside-counsel/
58% of legal departments believe that generative AI will reduce their dependence on outside providers, reflecting a significant shift in the legal landscape.
Above the Lawhttps://abovethelaw.com/2024/10/stats-of-the-week-gen-ai-versus-outside-counsel/
This proportion more than doubles the 25% of respondents from a 2023 survey who planned to reduce the number of law firms they would engage with.
Above the Lawhttps://abovethelaw.com/2024/10/stats-of-the-week-gen-ai-versus-outside-counsel/
AI technology's accelerating impact on corporate counsel has begun to reshape in-house legal functions, spurring a sea change across the legal industry.
Above the Lawhttps://abovethelaw.com/2024/10/stats-of-the-week-gen-ai-versus-outside-counsel/
Read at Above the Law
#generative-ai #corporate-law #cost-effectiveness #in-house-legal-departments #legal-industry-trends
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