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How has AI emerged as the go-to legal technology?

Cenza

Since then, the industry has witnessed constant inventions and upgrades in tandem with the ever-changing needs of global legal professionals. Early-aughts witnessed a new era in legal technology when pioneering solutions emerged in the market. Legal AI in the early years.

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Will AI Replace Lawyers? 4 Expert Opinions

MyCase

In fact, according to the MyCase 2024 Legal Industry Report , 81% of respondents who leverage generative artificial intelligence (GAI) tools use it to increase productivity and efficiency. Concerns about job displacement, ethical considerations, and the need for human judgment persist in the legal community. Areas AI Can Enhance 1.

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The top players in the AI-powered contract management space

Cenza

The 2020 RELX Emerging Tech Executive Report , which surveyed over 1,000 senior executives in the US, found that 68% had increased their investment in AI technologies during the pandemic. Of these, 48% had invested in new AI technologies and 46% increased their investment in AI tech they already use. ContractPodAi. Cortical.io.

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Alternative Legal Service Providers – An ally to embrace

Cenza

However, with ALSPs, legal companies leverage the services primarily for their domain expertise and technology prowess. In addition, a key aspect that has elevated ALSPs as the go-to source is their non-conventional approach towards overcoming a challenge with a dynamic solution.

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Time to Vote! Pick the 15 Finalists to Compete At Startup Alley at ABA TECHSHOW 2023

LawSites

Our insight is that legal citations are themselves a form of knowledge that can be reused up and down the legal research workflow. Learn more about this company at the LawNext Legal Tech Directory. We combine artificial intelligence with legal subject matter expertise to enable innovative solutions.