When Forrester Consulting released The Total Economic Impact™ of LexisNexis Lexis+ AI for Large Law Firms , the results were clear: legal AI delivers measurable value. Firms using Lexis+ AI saw a projected 344% return on investment over three years, gained...
The adoption of generative artificial intelligence (Gen AI) tools in the corporate legal sector continues to accelerate. Nearly half (49%) of in-house counsel expect Gen AI tools to yield cost savings for their legal departments, and a quarter are already seeing...
By: Jeff Pfeifer Legal professionals have been using AI technologies for years now, starting with extractive AI tools that used machine learning algorithms to find relevant results within data, then followed by generative AI tools that created new content from...
By Madison Johnson, Esq. | Manager, Large Markets In recent discussions , legal industry experts have highlighted the potential of agentic AI systems as a transformative force for law firms aiming to leverage cutting-edge technology for competitive gain. This...
By: Practical Guidance Corporate investment in generative artificial intelligence (Gen AI) technologies continues to accelerate. Average Gen AI budgets grew by 30% in 2024 and they are expected to grow at roughly 60% over the next three years, soaring to 7.6...
By Madison Johnson, Esq. | Manager, Large Markets The legal profession is witnessing a transformative shift with the emergence of artificial intelligence (AI) systems. The new class of AI-powered tools, known as “Agentic AI,” are destined to shape...
One of the biggest headaches that in-house counsel grapple with is how to effectively manage their organization’s vast universe of contracts — from complex commercial transactions to routine vendor agreements. Contract lifecycle management (CLM) tools...
By Madison Johnson, Esq | Manager, Large Markets More than half of Am Law 200 law firms have already purchased Legal AI tools, generative artificial intelligence developed specially for the legal profession, and nearly all large firms expect their investment...
By Serena Wellen | Vice President of Product Management, LexisNexis It was less than one year ago when LexisNexis debuted Lexis+ AI ™ , the first comprehensive legal research solution powered by generative artificial intelligence (Gen AI) trained for the...