Over 60% of private practice professionals expect generative AI to boost workplace efficiency: study

A survey revealed that almost six in ten private practice professionals expect that generative AI will result in a rise in intricate legal cases and conflicts. Nevertheless, half of the surveyed professionals also expressed concerns about the potential impact of this technology on the job stability of lawyers specializing in specific legal domains.

However, the research revealed that a whopping 40% of legal experts working in the private sector are currently exploring and testing generative artificial intelligence models.

Olson expressed that AI is expanding its ability to enhance human intelligence, rather than taking over it. According to him, AI can assist lawyers in improving their productivity, and when combined with human expertise, it possesses the potential to provide unmatched precision. As AI progresses, it is crucial for law firms and legal departments to capitalize on its possibilities, all while enlightening their clients about the potential hazards that come with dealing with extensive language models.

Around 39% of legal experts employed within companies are currently exploring the possibilities of generative AI. Additionally, nearly half of these in-house lawyers, specifically 49%, are actively imparting knowledge about the potential risks linked to generative AI to their respective organizations.

Thomson Reuters conducted a survey for their Tech & the Law 2023 report, interviewing 1,542 individuals from Australia and New Zealand. This survey was carried out in collaboration with Agile Market Intelligence. Out of these respondents, 771 were working in private practice and 309 were in-house professionals.