Most legal professionals plan to use AI
A new survey of legal professionals suggests that the next 18 months will see developments in the legal sector with the adoption of artificial intelligence.
The survey, which polled 200 legal professionals, revealed that 81 per cent of respondents are looking to invest in AI technology within the next 24 months.
The survey was conducted by consulting firm Legal IQ as part of a 2018 trends report.
The report also revealed that more than 50 per cent of the legal professionals believe AI will have a significant impact on the relationships between private practice and clients.
The majority of those surveyed already use AI for contract review and nine per cent use prediction technology in their work.
Whilst the majority of legal professionals believe that AI will have some capacity in the future of the legal profession, the professionals were divided on how it will be implemented.
Over 50 per cent of the legal professionals planning to use AI see it as a means to improve productivity, whilst only three per cent plan to use the technology to improve the accuracy of legal delivery.
The survey precedes the The Legal AI Forum, a conference which takes place from the 18th and 19th September 2018.