Source: Todays Conveyancer
A majority of UK lawyers have adopted generative AI or have plans in motion, almost four-times the number seen in Summer 2023.
Lawyers say delivering work faster is the biggest benefit of AI, yet it is prompting many to rethink the suitability of their pricing structure, according to a new report by LexisNexis.
The survey of over 800 UK legal professionals at firms and in-house teams found 41 per cent are currently using AI for work, up from 11% in July 2023. Lawyers with plans to use AI for legal work in the near future also jumped from 28 per cent to 41 per cent, while those with no plans to adopt AI dropped from 61 per cent to 15 per cent.
The report highlights that the main reason for AI adoption is the ability to deliver work more quickly. An impressive 71 per cent of lawyers cited faster delivery as a key benefit of AI, followed by improved client service (54 per cent) and gaining a competitive advantage (53 per cent). When asked to select the single greatest benefit, 52% identified delivering work faster as the primary advantage.
Read full article: https://todaysconveyancer.co.uk/need-speedier-legal-work-drives-82-per-cent-lawyers-embrace-ai/
