Current state of Legal AI

Note: This article is just one of 60+ sections from our full report titled: The 2024 Legal AI Retrospective - Key Lessons from the Past Year. Please download the full report to check any citations.

B. Current state of Legal AI

The legal industry is experiencing rapid adoption and integration of AI technologies, transforming traditional practices and creating new opportunities for efficiency and innovation. The current state of Legal AI is characterized by widespread adoption, diverse applications, and significant market growth.

Market Growth and Adoption

• The global legal AI software market is projected to reach $4.83 billion by 2033, at a CAGR of 20.3% from 2024 to 2033.[8]

• At least 35% of law firms are now using AI for legal tasks, with an additional 42% planning to adopt AI within the next year.[9]

• The number of lawyers using generative AI doubled in the space of six months between July 2023 and January 2024 alone.[10]

• 73% of lawyers (working both in-house and in law firms) surveyed in November 2023 expected to integrate generative AI into their legal work in 2024.[11]

Alex Denne

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Advisor

Alex Denne, Head of Growth (Open Source Law) at Genie AI, is a legal tech leader and serial founder with over a decade of experience driving innovation and making legal services more accessible. Since joining in 2021, he has scaled the platform from 200 to over 120,000 users, combining deep contract law expertise with a data-driven, open-source approach. He is passionate about democratizing legal knowledge through AI, backed by strong academic credentials and experience leading major product and innovation initiatives.

Interested in joining our team?‍Explore career opportunities with us and be a part of the future of Legal AI.