What’s inside?

Download this Gartner Report to learn how to recognize and select the best AI solutions for your corporate legal practice. The report identifies use cases for AI in ten different legal practice areas and gives advice on how to exploit them. Gartner recommends that: “Application leaders responsible for legal and compliance technologies should:

  • Use this framework to understand where AI-based solutions can already make a difference in specific legal practice areas in order to be able to make informed legal technology choices.

  • Prioritize use of AI-based solutions in legal practice areas with high business impact and high technical feasibility, such as contract management and e-discovery, in order to increase the likelihood of a positive payback.

  • Take into account the relative merits of other sourcing options. These include established legal technology vendors, law firms, as well as general purpose applications and platforms that the organization may already be using.

  • Use our framework to build awareness of the potential of AI in legal practice within the broader context of the digital transformation plans of the organization in order to secure executive support”.

 

 

*Gartner, How to Recognize and Select the Best AI Solutions for Your Corporate Legal Practice, Nikos Drakos, Farhan Choudhary, 20 July 2020

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

According to Gartner*:

By 2023,

artificial intelligence (AI) will enable 30% faster contract negotiation and document completion processes in organizations that deploy leading contract life cycle management (CLM) solutions

Survey data published by Gartner in 2018 suggests that,

8%

of corporate legal departments were already making use of AI, and a further 47% had plans to make use of AI in the next three years.

     

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