Underestimating the Impact of Generative AI on Legal Services

Only 11% of 1,175 UK-based legal professionals surveyed in June 2023 by LexisNexis expect generative AI to have a “transformative impact” on legal services.

We at @UnbiasedConsulting think this number is much too low. Law firms who underestimate generative AI’s impact risk being put at a strategic disadvantage very quickly by those firms who recognize its potential and embrace it quickly.

The same survey also produced the following results:

AI law firm use cases with most potential

Source: LexisNexis / Infogram

Without going into specifics, we think these numbers reveal a lack of understanding of the current and near-term future capabilities of Generative AI technologies, but they do explain the small number of people who expect its impact to be transformative.

Contact us and our @unbiasedconsulting Generative AI experts and our former large law firm and corporate CIO’s to learn more.  Follow us on LinkedIn and visit us at www.unbiasedconsulting.com.  We can help you develop a plan to take advantage of Generative AI and also educate you to leverage your risk at the same time.