The study, representing 170 companies across various industries, indicates that legal departments cope with increased demand by relying more on in-house teams and leveraging AI and automation.
Spending on external counsel has significantly decreased. Companies are scrutinizing law firm selection and management, implementing stricter guidelines, and exploring workflow automation, including advanced AI applications.
The survey suggests a changing perception of AI in the legal industry, with increased interest and expectations for outside counsel to utilize AI for efficiency.
This is a summary of an article originally published on Corporate Counsel.
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From outlook on staffing and spending on outside counsel, to use of tech to address demand, the 2023 survey identifies market trends and top priorities for leading corporate law departments.
- AI
- Legal operations
- Outside counsel management
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