Law firms of all sizes will soon be waking up to the benefits of AI tech, writes Rachel Rothwell
When it comes to artificial intelligence (AI) for law firms, we are currently at the ‘frothy end’ of the hype cycle, as Richard Kemp, founder of Kemp IT Law, describes it.
Despite the noisy proclamations of software providers and excited articles from relevant experts, law firms’ actual adoption of this innovative technology has been rather cautious.
But according to the Law Society’s Lawtech Adoption Research report published in February, while lawtech has a long way to go before it matches the success of fintech - which is currently transforming the financial services industry - the market for legal technology has been gaining momentum over the past 12 to 18 months.
As one market commenta...