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According to the 2025 In-House Legal Budgeting Report from Axiom and Wakefield Research, 96% of general councils said they expect “AI will meaningfully reduce costs within their legal department.” As we step into 2025, we’ll continue to experience technological evolution at an unprecedented pace that will reshape how law firms operate.
Across briefings, it became clear that legaltech vendors are no longer just layering AI onto existing products — theyre embedding it deeply into their platforms to surface meaningful insights from the data they already manage. The tool is designed to automate over 80% of review processes and complete them up to 90% faster than TAR.
In our forthcoming Spring 2025 publication, Fighting the Hypothetical: Why Law Firms Should Rethink the Billable Hour in the Generative AI Era, [1] we hypothesize that Generative AI (GenAI) technology will change forever how legal services are delivered and will force law firms to re-engineer their legacy economic model.
I’m holding a FREE 5-Day Paralegal Challenge that kicks off on March 24, 2025. The paralegals who will lead their teams and command higher salaries in the next few years will be those who master these tools now. And you don’t need to be a tech genius to master these tools – you just need the right training.
Speaker: Allison Mears, Adela Wekselblatt, and George Socha
Our experts will break down the role of AI in modern legal practice, explore how it simplifies everyday tasks, and provide actionable insights on how paralegals can embrace AI-driven tools to increase productivity and accuracy. 🎯 Enhancing Accuracy and Reducing Risk – Discover how AI minimizes human error in legal workflows.
The process of a company, usually a legal firm or an in-house legal department of a company, seeking the support of a third party for legal allied services is known as legal process outsourcing (LPO). billion of the worldwide Legal Process Outsourcing (LPO) requirement by 2025. Why Does LPO Matter? The market size says it all.
In fact, Statista reports that global revenues from enterprise applications making use of AI are expected to increase by almost $30B by 2025. Artificial intelligence is a useful tool becoming more widely used in real-world applications that learn to complete tasks ordinarily done by humans. The Current State of AI Technology.
They slogged through documentreview, churned out first drafts, and otherwise served at the beck and call of their senior colleagues while drowning under the crushing weight of student loans. Alternative legal services providers (ALSPs), on the other hand, could join forces with AI and decimate the junior ranks.
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