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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.” They offer the potential to dramatically improve efficiency, reduce costs, and enhance client service.
For the last couple years, legal tech shows mostly involve vendors explaining how they’ve “ slapped some AI on ” their products and vaguely promising that some future iteration of AI will arrive to assist every step of the attorney workflow. Last week, the second installment of The General Counsel Report 2025 dropped.
I’m holding a FREE 5-Day Paralegal Challenge that kicks off on March 24, 2025. Government agencies have a different pace than in-house corporate legal departments. Attorneys are already carrying the legal responsibility and pressure of the case. Or you can listen to the audio version in the player right here.
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 legalservices are delivered and will force law firms to re-engineer their legacy economic model.
Speaker: Allison Mears, Adela Wekselblatt, and George Socha
Artificial intelligence is reshaping the legal industry, and paralegals are at the forefront of this transformation. As AI becomes more integrated into legal workflows, paralegals can streamline their daily tasks, enhance efficiency, and add greater value to their firms and organizations.
The themes shifted from last years, which focused on generative AI as a new, more intuitive software interface that enabled legal professionals to access information more easily. From case management and documentreview to billing and workflow systems, companies are transforming operational data into strategic value.
During the COVID-19 pandemic, corporate legal departments and law firms around the world struggled to meet the new normal’s demands. Organizational restructuring and changing legislation have resulted in increased legal spending. What is Legal Process Outsourcing? 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. With such monumental growth, it’s no wonder the legal industry is getting in on the action. As luck would have it, the legal field is fertile ground for the benefits of AI technology.
Help pick the 15 legal tech startups that will get to compete at the eighth-annual Startup Alley at ABA TECHSHOW 2024. VoiceScript Ai.Law Elevator Pitch: Provides AI-generated litigation documents, from pleadings to discovery. We are the first AI-driven platform to focus specifically on drafting litigation documents.
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 legalservices providers (ALSPs), on the other hand, could join forces with AI and decimate the junior ranks.
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