• Sun. Apr 21st, 2024

Virtually 50 percent of Legal Specialists and Customers Think Generative AI Will Completely transform Legislation Observe, LexisNexis Survey Finds

Bynewsmagzines

Aug 22, 2023
Nearly Half of Legal Professionals and Consumers Believe Generative AI Will Transform Law Practice, LexisNexis Survey Finds

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A new worldwide survey of attorneys, law college students and customers finds that virtually 50 % feel generative AI will have a major or transformative effect on the apply of regulation.

Executed by LexisNexis and introduced this morning at ILTACON, the annual conference of the Worldwide Legal Know-how Affiliation, the study polled 7,950 lawyers, law pupils and customers in the U.S., U.K., Canada and France about their total consciousness of generative AI and their views on its possible effect on the observe of legislation.

(Assess this to the generative AI study produced yesterday at ILTACON by Everlaw, in partnership with the Affiliation of Qualified E-Discovery Specialists (ACEDS) and the Global Legal Technological know-how Association.)

Virtually half of respondents (47%), feel generative AI will have a considerable or transformative impression on the apply of law. A further 45% believe generative AI will have some effects, although only about 7% consider generative AI will have no impression.

Between company counsel, the survey finds, there is an overall expectation that the legislation firms that represent them will undertake AI technological innovation. Sixty percent of corporate counsel hope law firms to use reducing-edge technological know-how this kind of as generative AI instruments, and just 10% disagree with that.

Among the legislation companies, 52% imagine their company counsel shoppers will anticipate them to use generative AI resources, though only 17% disagree.

Broken down by countries, 67% of U.S. company counsel, followed by 61% of French counsel, 59% of U.K. counsel, and 53% of Canadian counsel, hope their law corporations to undertake generative AI equipment.

How will these tools be made use of? Lawyers in the study see the best probable for generative AI to be in assisting them in investigation (65%). Other foremost employs, lawyers say, are for drafting paperwork (56%), document evaluation (44%), and e mail crafting (35%).

Over-all, the survey results display higher recognition of generative AI, with 89% of legal gurus obtaining listened to of generative AI applications. For individuals, consciousness is decrease (61%).

Most legal professionals have at least some fears about the moral implications of generative AI. A 3rd of legal professionals say they have significant or fundamental considerations about the ethical implications.

Buyers who responded to the survey mainly use generative AI for investigating legal topics (60%). Many would look at working with AI for legal help to develop a will (40%), set up a organization (37%), and build a rental settlement (39%).

The study was executed across 7,950 people today, such as 3,752 lawyers, 1,239 legislation learners, and 2,959 consumers in the US, United kingdom, France, and Canada in between March and July 2023.

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