Today LexisNexis will be releasing a Generative AI survey at LegalWeek in New York. The survey which was conducted in March 2023 is based on responses from +4,100 US lawyers, law students and consumers.
“We’ve been delivering leading legal AI and analytics tools for some time, providing lawyers with data driven insights that make it easier for them to do their jobs,” said Mike Walsh, CEO of LexisNexis Legal &Professional. “Generative AI and large language models have tremendous potential to transform the way legal work is done. Our R&D labs are continually experimenting and releasing new innovations, and this survey reflects how lawyers, law students, and consumers alike are embracing legal tech in new and exciting ways.”
Top highlights include:
Questions cover overall awareness of generative AI, current use of generative AI tools in daily work, and willingness to adopt generative AI tools for various legal matters.
Lawyers/law student awareness
- Awareness was significantly higher within the legal market vs consumers (88% vs. 57%)
- Half (51%) of lawyers had either already used it in their work or were planning to do so
- 84% believe generative AI tools will increase the efficiency of lawyers, paralegals, or law clerks
- 61% of lawyers and 44% of law students also believe generative AI will change law schools and the way law is taught and studied
Consumer awareness
- 57% of consumers are aware of generative AI tools, such as ChatGPT
- 32% said they have used generative AI, with half of these (15%) stating they had tried using GenAI for legal advice or assistance
- Those most aware of the tech were wealthy, highly educated males under age 45
- The top five ways law firms, corporate counsel, and law students are currently or would like to use generative AI tools in their daily work include:
- • Increasing efficiency (61% of lawyers, 60% of law students)
- • Researching matters (59% of lawyers, 55% of law students)
- • Drafting documents (53% of lawyers, 43% of law students)
- • Streamlining work (46% of lawyers, 40% of law students)
- • Document analysis (40% of lawyers, 34% of law students)
LexisNexis will be hosting a Generative AI panel at Legalweek on Monday at 1:30pm, including LexisNexis CTO Jeff Reihl and several other law firm and corporate execs.