A new report by Litify highlights the perceptions and priorities of law firms and legal departments regarding artificial intelligence (AI). The report, titled the 2023 State of AI Report, examines the use and impact of AI in the legal sector. It is based on a survey commissioned by an independent market research firm and includes insights from verified legal professionals across various types of firms and entities. According to the report, 62% of legal professionals are currently not utilizing AI. The main barriers to implementing AI cited by respondents include concerns about security and privacy, as well as a lack of knowledge among staff to successfully use AI. However, for those who are already leveraging AI, the benefits are significant. Among individuals already using AI, 95% reported saving time each week on their legal work. The most common use case for AI in legal work is document management, with respondents using AI for tasks such as reviewing, summarizing, and drafting documents. Additionally, 75% of respondents believe that AI will have a positive impact on the legal industry, particularly in terms of workload and access to legal services. Litify President & COO Ari Treuhaft emphasizes the importance of prioritizing strong technology and data foundations in uncertain economic and legal market conditions. The report also underscores that a majority of legal professionals consider it important to work for organizations that embrace advanced technology like AI.

However, Treuhaft cautions that integrating platforms, centralized solutions, and cloud-based collaboration are crucial to fully leverage AI's capabilities. Neglecting these foundational elements risks providing incomplete information for AI analysis, limiting automation potential, and leaving employees dissatisfied. For more information, you can download the full 2023 Litify State of AI Report here. Litify is an end-to-end legal operating platform that improves processes, collaboration, insight, and performance by breaking down business silos. It offers tailored solutions for law firms, in-house legal teams, government agencies, and nonprofits, connecting the entire legal ecosystem. Built on Salesforce, Litify streamlines and automates matter and task management, document generation, timekeeping, billing, and client communications. It also provides data-driven insights to help law firms and legal teams scale and enhance their financial performance. To learn more or request a personalized demo, visit www. litify. com. Please note that Internet Explorer is no longer supported and may present security risks. To ensure the best and most secure browsing experience, we recommend using the latest versions of Chrome, Firefox, or Safari.