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.
AI-Assisted Document Drafting
A 2023 study found that almost half of lawyers use generative AI tools for drafting documents.[44] By using AI for work which would usually be passed to junior lawyers, law firms can expect to experience a reduction in billable hours for routine tasks. In fact, the World Economic Forum estimates that lawyers will gain back 46% of their time through the use of generative AI.[45]
Not only can AI-powered drafting tools increase the speed at which legal documents can be produced, they can also improve consistency across documents.[46]
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.
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.
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