“The
AI
revolution
is
here,”
proclaims
a
new
study
released
by
International
Data
Corporation,
noting
that
“organizations
will
need
to
adapt
to
survive.”
The
report,
“Generative
AI
in
Legal
2024,”
is
based
on
a
survey
of
300
legal
professionals
to
examine
how
they
are
incorporating
generative
AI
into
their
daily
activities.
According
to
the
report,
which
was
commissioned
by
Relativity
and
conducted
by
IDC,
half
of
legal
professionals
have
increased
their
use
of
AI
generally
in
the
last
two
years,
and
69%
expect
their
use
of
generative
AI
specifically
to
grow
within
the
next
two
years.
Toward
that
end,
73%
of
organizations
are
taking
steps
to
develop
technical
proficiencies
with
GenAI.
While
contract
analysis
and
legal
research
are
currently
the
areas
with
the
highest
GenAI
usage,
document
review
is
the
area
in
which
the
most
growth
is
anticipated.
It
is
also
the
task
legal
professionals
are
most
willing
to
entrust
to
GenAI,
with
89%
of
respondents
describing
themselves
as
“very
comfortable”
or
“somewhat
comfortable”
using
generative
AI
for
document
review.
New
Research
Study
Predicts
Continued
Growth
for
Generative
AI
in
Legal
[Law.com]
Generative
AI
in
Legal
2024
[Relativity]