For General Counsels and In-house Legal Departments

State of Legal AI 2024

The report shows a dramatic increase in Legal AI adoption and budget allocation, with nearly all respondents identifying AI opportunities. Despite challenges, most legal professionals are optimistic about AI's potential to improve contract-related tasks and the legal profession overall.

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Significant increase in legal technology budget

Nearly one-third of respondents now allocate 31-40% of their legal budget to technology, up from 4-10% in 2023.

% of legal budget spent on technology

26%

31%

23%

0-3%

4-10%

11-20%

21-30%

31-40%

41-50%

51-60%

61-70%

71-80%

>80%

Dramatic increase in Legal AI adoption

Nearly 100% of respondents have identified opportunities for Legal AI in 2024, up from just 25% in 2023.

In-depth
assessment made

Partial / light touch
assessment made

Full, detailed
analysis performed

Perceived benefits
of Legal AI

Contract summarization

Contract search and retrieval

Contract analysis

Main concerns about Legal AI

Privacy and data concerns was highest with over half of the respondents highlighting this. Less than 15% were very concerned about job loss due to automation.

Concerns around implementing AI into daily workflows

1 - Not at all concerned

5- Very concerned

Privacy or cybersecurity risks

25%

44%

The loss of legal jobs due to automation

25%

31%

12%

Difficulties learning AI tools

32%

30%

23%

10%

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Download the full State of Legal AI 2024

Discover how Legal AI adoption has skyrocketed, with nearly 100% of legal departments now identifying AI opportunities - download the full 2024 State of Legal AI Report to learn how your team can stay ahead of the curve.