As
with
many
things
AI,
a
new
study
shows
big
changes
on
the
horizon,
with
incremental
movement
in
the
current
day-to-day.
A
survey
of
law
department
professionals
by
Everlaw
and
the
Association
of
Corporate
Counsel
titled
“Generative
AI’s
Growing
Strategic
Value
for
Corporate
Law
Departments”
reveals
that
most
organizations
(61%)
are
“somewhat”
or
“very”
likely
to
push
back
on
law
firm
pricing
models.
But
59%
report
being
unaware
of
whether
their
law
firms
are
currently
using
GenAI
for
their
matters,
and
80%
are
not
currently
encouraging
or
requiring
their
firms
to
use
the
technology.
Law
departments’
own
use
of
the
technology,
meanwhile,
has
more
than
doubled
in
the
past
year,
allowing
in-house
counsel
to
take
on
more
work
themselves.
“Momentum
is
building
against
the
billable
hour,”
Everlaw’s
Petra
Pasternak
writes
in
a
summary
of
the
report.
“Firms
that
connect
GenAI-enabled
efficiency
to
fair,
transparent
pricing
will
differentiate
themselves
as
modern,
client-first
partners.”
The
data
draws
on
responses
from
657
in-house
professionals
in
30
countries.
In-House
Teams
Turn
to
GenAI
for
Efficiency,
Raising
New
Expectations
for
Law
Firms
[Everlaw]
Generative
AI’s
Growing
Strategic
Value
for
Corporate
Law
Departments
[Everlaw]
Jeremy
Barker
is
the
director
of
content
marketing
for
Breaking
Media.
Feel
free
to email
him with
questions
or
comments
and
to connect
on
LinkedIn.