Extract from Sarena Regazzoni’s article “Harnessing AI in Legal eDiscovery: A Comprehensive Overview”
Introduction
In this concluding post of our series, we explore the burgeoning role of Artificial Intelligence (AI) in legal eDiscovery. With global spending on legal AI software tools projected to reach a staggering $37 billion by 2024, it’s clear that AI is not just a fleeting trend but a cornerstone of modern legal practice. This investment, as reported by Zipdo, reflects a profound shift towards embracing advanced technology in the legal domain.
AI in Legal Departments: A Growing Trend
The 2023 Legal Industry Collaboration Data Survey reveals a legal sector at the cusp of technological transformation. Approximately 36.51% of legal departments are already using AI, and an additional 7.94% plan to adopt it soon. Despite this, a significant portion of the industry is yet to fully embrace AI, highlighting both the potential and necessity for wider AI integration in legal processes.
