Report: Lawyers tech savvy but know their limitations
A report from Thomson Reuters says that a stereotype of lawyers who are wary of innovation and slow to change may no longer be as close to the truth as it had once been. The Ready or Not: Artificial Intelligence and Corporate Legal Departments report shows that while corporate counsel see themselves as tech savvy, they know there are limitations in regard to their abilities with technology such as AI. The report, based on a poll of 207 in-house attorneys, saw 67% say they are confident and ready to try new technology, while 2% said they are not. On the possible timeframe for widespread adoption of AI, 21% feel the tech will be mainstream in corporate legal departments within five years, 39% said within a decade, and 37% said longer.