A new study from LexisNexis confirms what many have suspected: in-house counsel are increasingly relying on GenAI tools and large language models (LLMs). And that use? It’s probably the lowest it will ever be. That’s something outside counsel need to be thinking long and hard about. The study, titled The Total Economic Impact™ of Lexis+ AI for Corporate Legal Departments, was conducted for LexisNexis by Forrester Consulting. Forrester interviewed four decision-makers who had used LexisNexis GenAI tools and then constructed a composite organization to illustrate the potential savings in-house legal teams might achieve with the tools, which I guess it did. What Caught My Eye But that’s not what caught my eye. Here is what did: · Organizations are still struggling to identify GenAI solutions that meet both their business objectives and security/governance requirements. …
1. The Impact Of GenAI On In-House And Outside Counsel Relationships: Its Use Is Only Going To Grow
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