GenAI in the Legal Industry 2024

Navigating Legal Sector Challenges with AI

The legal industry faces numerous challenges in adopting AI technology. Our report reveals that 95% of General Counsels have yet to fully explore the potential of large language models (LLMs) in their daily operations. From identifying buried contract information to streamlining routine reviews, learn how AI can address these pain points and transform your legal team's productivity.

Generative AI Solutions for Legal Teams

Harness the power of AI to revolutionize your legal processes. Our report details how generative AI can enhance contract data management, enabling natural language querying of contract repositories, categorizing extracted clauses, and providing comprehensive contract intelligence. Discover how AI can help you exercise better control over your data, negotiate better commercial positions, and optimize your team's efficiency.

Perceived benefits of Legal AI

95% of GCs yet to fully explore AI applications

80% faster contract review with AI assistance

60 million daily visits to ChatGPT

31-40% of legal team time spent on routine contract review

Transforming Third-Party Paper Contract Review

AI is reshaping how legal teams approach contract reviews. Our report outlines a step-by-step process of how generative AI can accelerate third-party paper reviews, from initial upload to final signature. Learn how AI can suggest edits aligned with custom playbooks, compare versions, check defined terms, and dramatically reduce negotiation times. Discover how this technology can free up your team to focus on strategic, high-value tasks.