BusinessWire: ” Litify, the legal industry’s end-to-end operating solution for law firms and in-house legal departments, today released the results from a 2023 State of AI Report, which identifies the use and impact of artificial intelligence across the legal sector. The report is a result of a survey commissioned by an independent market research firm. The report, which includes insights from verified legal professionals and near-even distribution from plaintiff firms, full service firms, and corporate entities, shows that 62% of today’s legal professionals are not using AI. While there has been significant progress toward technology adoption in legal over the last few decades, there is still work to be done, as a similar percentage also feel the industry is not yet ready for AI technology. Key takeaways from the report include:

• AI is here, and it will be transformative, but many in the legal industry aren’t ready to use it yet.
• 62% of legal professionals say they are not using AI
• 60% of professionals feel the industry is not ready for AI
• Respondents cite security and privacy concerns and a lack of knowledge on staff to use AI successfully as the main barriers to implementing AI
• For those already taking advantage of AI, the benefits are positive.
• 95% of individuals already using AI are saving time each week on their legal work
• The leading use case for AI in legal work is around document management: Respondents are most likely to use AI for reviewing, summarizing, and/or drafting documents.
• 75% of respondents feel AI will have a positive impact on the legal industry, with workload and access to legal services being two of the largest areas that AI will benefit.”