Over half reveal plans to implement Gen AI

Over 50% of lawyers reveal plans to implement Gen AI - and that's just the beginning

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There’s panic over the future of AI, where data is stored and how it’s changing jobs. 

But, how is it changing highly skilled roles in the legal sector for the better?

Based on the responses of 100+ in-house lawyers, Juro‘s 2023 Tech GC Report assesses the biggest challenges and priorities for legal leaders, as they look at scaling their business. 

With stretched budgets across departments in all organsiations, teams are expected to do more with less – including legal. 

‘75% revealed that their legal headcount is frozen or decreasing.’ 

Despite figures like this, there is a way to navigate limited resources: welcome, Gen AI. 

‘The adoption [of Gen AI] by high-growth companies – and especially by their in-house legal teams – is inevitable. We have reached an inflection point where legal teams who successfully harness the power and potential of generative AI will have a material competitive advantage over those who don’t.’ 
Legal’s new low-cost friend 

The use of Gen AI is set to increase rapidly, with Juro commenting on how they expect to see a jump by its next report in 2024. 

‘64% of respondents said their businesses are using, or are planning to use, generative AI in their operations.’ 

The technology is low-cost and scalable, meaning legal can become a more strategic partner to businesses, as it reduces, or even eliminates, the time spent on mundane, low-value tasks. 

So, how can Gen AI help legal? 
  • Helping bots – saving time spent answering repetitive questions, by answering FAQs or redirecting users to useful resources. 
  • Drafting simple contracts – while making complex contracts easier to understand. 
  • Reviewing or analysing contracts – using AI-enabled tools to reviews documents, suggest improvements and analyse certain points. 
Why legal should be wary of its new friend 

Like any fair argument for technology, users will experience drawbacks. It’s understandable when dealing with sensitive information, especially in the legal field: 

  • Cybersecurity and confidentiality – what is happening with the data? Will it be compromised? 
  • Privacy 
  • Lack of guardrails 
  • Lack of information or experience – how can users make the most of these tools? 
  • Platform fatigue – users don’t want to keep going through new tools whilst trying to be agile 

The future is digital, but with that comes uncertainty and growing scepticism into how to use the tools and where data is stored. Users need to be educated on what should and should not be put into AI platforms, how inputted data gets used and what to do with the output. 

Navigating the top 3 legal challenges in 2023 

The top 3 responses show just how much time is currently spent on mundane, low-value activities, highlighting a drastic need to change and automate these tasks, especially where technologies are readily available:  

  • 76% – report being buried in low-value work (repetitive, routine, mundane tasks that take time away from the strategic work they were trained to do) 
  • 69% – struggle with limited budget and resources 
  • 49% – struggle aligning priorities with the business 
‘39% implemented a contracts platform lately: lawyers are turning to tech and automation, but this can take between 1-6 months. Implementation isn’t agile enough!’ 

Ultimately, Gen AI makes legal concepts more understandable to other business users. When evaluating its impact in legal, think about the power it could have to transform contracting, sourcing, risk and more for the better. 

Check out Juro’s 2023 Tech GC Report here. 

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