In 2023, AI hit the legal industry like a wave crashing to shore. Some firms over-invested early and saw their custom efforts get overtaken by vendors or fail to produce results. Others were slow to paddle and now sit six to nine months behind peers in their knowledge and technology relationships. The winners caught the wave perfectly, piloted effectively, and invested in data and technology infrastructure to take advantage of rapid changes.
In 2024, AI will rapidly shift from indistinguishable-from-magic to ubiquitously indispensable in day-to-day operations. Lawyers and legal professionals will become connoisseurs of particular AI capabilities and will demand the best tools to complete the task at hand, whether it be classification, content generation, or reasoning. AI will shift from a monolithic entity to a set of bespoke features that materially improve specific business and legal tasks.
This article was originally published on Legaltech News.
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