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11 September 2024
Issue: 8085 / Categories: Legal News , Technology , Artificial intelligence , Profession
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Lawyers predict increased time saving with AI

UK lawyers believe AI technology could save them nearly 140 hours of work per year

A Thomson Reuters report, ‘Future of professionals 2024’, surveyed 1,200 legal professionals, more than half of whom thought the potential for time saving was the most exciting aspect of AI.

The lawyers predicted they would save three hours a week within the first year of using artificial intelligence (AI), seven hours by the third year and up to 11 hours after five years.

Kriti Sharma, chief product officer, legal tech at Thomson Reuters, said: ‘It’s exciting to see law firms running AI pilot programmes and making long-term investments in the technology as trust around safe usage grows.’

In January, LexisNexis launched a generative AI product, Lexis+ AI, in the UK, which uses LexisNexis’s own authoritative content. It delivers search, summarisation and drafting for legal professionals, incorporating privacy by design since customers’ searches don’t feed the language model.

MOVERS & SHAKERS

Gateley Legal—Jack Kelly

Gateley Legal—Jack Kelly

Gateley Legal expands Midlands residential development team

Gibson Dunn—Richard Surtees

Gibson Dunn—Richard Surtees

Gibson Dunn adds employee benefits and executive compensation practice in London with partner Richard Surtees

Laytons ETL—Alec Cameron

Laytons ETL—Alec Cameron

Laytons ETL appoints new partner and head of intellectual property disputes

NEWS
A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land
Employers cannot rely on wellbeing services alone to defend workplace stress claims after a High Court decision awarding almost £1m to an overworked employee
Andy Burnham's brand of 'Manchesterism' could offer fresh thinking on legal aid and access to justice if it reaches Westminster, according to Roger Smith, NLJ columnist and former director of JUSTICE
The constitutional fallout from a change of prime minister, rather than the politics, is under scrutiny as questions arise over the limits of executive authority in a leadership transition
The legal profession is undergoing a fundamental shift from selling services to creating technology-enabled products, according to Professor Luke Mason, Head of School of Law at Regent's University London
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