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Legal Slice
Positive financial results in 2024 are poised to fuel Big Law's investments in generative artificial intelligence (AI) in 2025, with firms eyeing transformative changes in legal services, staffing, and training. According to industry experts, firms that prioritize AI integration will gain a competitive edge, improving client services and attracting top talent. A Citi Hildebrandt report highlighted that less than 1% of firms’ revenue was spent on AI in 2023, but this is expected to rise as firms focus on AI-related staffing, infrastructure, and privacy controls. Challenges include maintaining data security and preparing attorneys for new AI-driven workflows. Training programs will play a pivotal role, ensuring lawyers adhere to principles like consent, confidentiality, and competence while adapting to tools designed for consistency and efficiency. While AI may reduce monotonous tasks, experts assert it will enhance rather than replace legal roles, shifting focus to higher-level work. Law firms are optimistic about AI’s potential to reduce risks, increase productivity, and reshape the business of law in innovative ways.
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