Podcast
Questions and Answers
Which barrier to adopting Generative AI is reported as the highest among respondents?
Which barrier to adopting Generative AI is reported as the highest among respondents?
What percentage of respondents indicated skillset barriers as a challenge for Generative AI adoption?
What percentage of respondents indicated skillset barriers as a challenge for Generative AI adoption?
Which of the following barriers is associated with concerns over the capability of existing data?
Which of the following barriers is associated with concerns over the capability of existing data?
What is a key challenge that legal teams must overcome for successful Generative AI adoption?
What is a key challenge that legal teams must overcome for successful Generative AI adoption?
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Which barrier stands out as a challenge related to specific financial constraints?
Which barrier stands out as a challenge related to specific financial constraints?
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What percentage of respondents expect an increase in adoption levels for legal operations over the next 2-3 years?
What percentage of respondents expect an increase in adoption levels for legal operations over the next 2-3 years?
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Which area of practice does not rank among the highest in expected adoption increases for Generative AI?
Which area of practice does not rank among the highest in expected adoption increases for Generative AI?
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What is the second highest area of adoption for Generative AI among the functions mentioned?
What is the second highest area of adoption for Generative AI among the functions mentioned?
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What percentage of respondents report no adoption of Generative AI?
What percentage of respondents report no adoption of Generative AI?
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Which task area received the highest score among respondents?
Which task area received the highest score among respondents?
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What are the two predominant barriers to Generative AI adoption identified by respondents?
What are the two predominant barriers to Generative AI adoption identified by respondents?
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What is a significant barrier to developing necessary skills for Generative AI adoption?
What is a significant barrier to developing necessary skills for Generative AI adoption?
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What approach can legal teams take to overcome challenges in adopting Generative AI?
What approach can legal teams take to overcome challenges in adopting Generative AI?
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What proportion of respondents are currently undertaking or planning initiatives related to Generative AI in the next six months?
What proportion of respondents are currently undertaking or planning initiatives related to Generative AI in the next six months?
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What is one stated reason for the reluctance of using Generative AI for legal tasks?
What is one stated reason for the reluctance of using Generative AI for legal tasks?
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Which legal aspect is primarily hampered due to identified barriers in AI adoption?
Which legal aspect is primarily hampered due to identified barriers in AI adoption?
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What is the percentage of legal teams currently adopting Generative AI for document drafting?
What is the percentage of legal teams currently adopting Generative AI for document drafting?
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By what percentage is document review and summary expected to see adoption in the next 2–3 years?
By what percentage is document review and summary expected to see adoption in the next 2–3 years?
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What is the primary obstacle identified for legal teams in adopting Generative AI?
What is the primary obstacle identified for legal teams in adopting Generative AI?
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Which activity type has the least percentage of planned adoption in the next 2–3 years?
Which activity type has the least percentage of planned adoption in the next 2–3 years?
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What percentage of legal teams are currently not adopting Generative AI?
What percentage of legal teams are currently not adopting Generative AI?
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Among the activities listed, which has the highest current adoption percentage?
Among the activities listed, which has the highest current adoption percentage?
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Which of the following activities is projected to have the greatest growth in adoption rates in the next 2–3 years?
Which of the following activities is projected to have the greatest growth in adoption rates in the next 2–3 years?
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What is the projected adoption percentage for knowledge searching and retrieval in the next 2–3 years?
What is the projected adoption percentage for knowledge searching and retrieval in the next 2–3 years?
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What percentage of legal teams are currently evaluating the impact of Generative AI on their operations?
What percentage of legal teams are currently evaluating the impact of Generative AI on their operations?
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In the adoption framework presented, which stage do the most legal teams currently find themselves?
In the adoption framework presented, which stage do the most legal teams currently find themselves?
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Study Notes
Generative AI Adoption in Legal Practice
- Legal operations lead with 27% current adoption of Generative AI, followed by contracts and commercial at 24%.
- Expectations for adoption growth in legal operations are significant: doubling or trebling expected within 2-3 years.
- Areas with low current adoption anticipate five to six-fold increases, highlighting potential for major development.
Barriers to Generative AI Adoption
- Key challenges identified include:
- 57% cite financial/resource limitations.
- 51% face challenges in developing business cases.
- 43% express concerns over data availability and quality.
- 38% highlight legal and regulatory issues.
- 35% report technical and data challenges.
- 51% see skillset barriers as critical to adoption.
Current Adoption Levels
- Currently, 76% of respondents report no adoption of Generative AI, indicating a "wait and see" attitude.
- Only one other functional area besides legal operations and contracts exceeds 10% adoption.
Planned Adoption and Initiatives
- 66% of respondents plan to undertake readiness activities in the next 6 months, indicating proactive engagement.
- Many are focused on non-legal tasks first, with translation scoring highest among tasks.
- Over two-thirds are involved in training and awareness initiatives to enhance skills and confidence in using Generative AI.
Task-based Views on Adoption
- Task-based activities associated with contracts work are prioritized, reflecting a strategic approach.
- Document review and summary as well as document drafting show significant anticipated increases from 23% today to 74% and 67%, respectively, in 2-3 years.
- Legal research and knowledge retrieval also forecast increases from 23% and 23% currently to 51% in the next cycle.
Addressing Challenges
- Legal teams require foundational education programs to build confidence and skills in utilizing Generative AI effectively.
- Addressing identified barriers is essential for overcoming the slow historical adoption of technology in legal departments.
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Description
Explore the current state and barriers of Generative AI adoption in legal practice with insights on financial limitations and skillset challenges. This overview highlights expectations for significant growth in various legal functions over the next few years.
