As
corporate
law
departments
increasingly
adopt
generative
AI,
a
majority of
them
expect
the
technology
to
reduce
their
reliance
on
outside
service
providers
for
routine
tasks,
according
to
a
new
study.
A
survey
of
475
law
department
professionals
by
the
Association
of
Corporate
Counsel
and
Everlaw
reveals
that
58%
of
legal
departments
believe
that
generative
AI
will
reduce
their
dependence
on
outside
providers.
In
a
statement
announcing
the
results,
the
organizations
noted
that
this
proportion
more
than
doubles
the
25%
of
respondents
to
a
2023
survey
who
said
they
planned
to
reduce
the
number
of
law
firms
they
would
engage
with
during
the
coming
year,
with
cost-effectiveness
cited
as
the
primary
reason.
“The
expectation
for
in-house
teams
to
cut
costs
with
AI
is
becoming
a
reality,
with
over
a
quarter
now
reporting
savings,”
Gloria
Lee,
Everlaw’s
CLO,
said
in
the
statement.
“In
just
three
years,
AI
technology’s
accelerating
impact
on
corporate
counsel
has
begun
to
reshape
in-house
legal
functions,
spurring
a
sea
change
across
the
legal
industry.”
Jeremy
Barker
is
the
director
of
content
marketing
for
Breaking
Media.
Feel
free
to email
him with
questions
or
comments
and
to connect
on
LinkedIn.