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The Rise of GenAI at Top Firms & Corporations
Atlas AI surveyed 351 leaders in the AM Law 100 and Fortune 1000 companies. Explore the key findings from the 2024 survey on generative AI adoption and investment among legal industry leaders.
2024 Investing in Legal Innovation Survey
The survey found that over 75% of respondents are actively exploring or already using generative AI in their legal work. More than 60% of respondents plan to increase their investment in generative AI technology in the next 12 months. A significant majority of respondents, 80%, believe that generative AI will have a major impact on the legal industry in the next 5 years.
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The Rise of GenAI at Top Firms & Corporations
Legal Research
Generative AI is revolutionizing legal research by providing faster, more accurate, and comprehensive results.
  1. Automating document review and analysis
  1. Identifying relevant case law and precedents
  1. Summarizing legal documents and complex legal issues
Contract Drafting & Review
AI tools are automating contract drafting and review, reducing errors and improving efficiency.
  1. Generating initial drafts of legal documents
  1. Identifying potential risks and inconsistencies in contracts
  1. Negotiating and redlining contracts
Legal Advice & Guidance
Generative AI is providing legal professionals with real-time insights and advice, supporting their decision-making process.
  1. Answering legal questions and providing legal guidance
  1. Predicting legal outcomes based on data analysis
  1. Identifying potential legal risks and compliance issues
Key Insights from Experts and Leaders

1

Boosting Efficiency
Generative AI tools are streamlining legal tasks, freeing up lawyers to focus on higher-value work.

2

Improving Accuracy
AI-powered solutions can reduce errors and improve the accuracy of legal documents and research.

3

Driving Innovation
Legal professionals are embracing generative AI to develop new strategies and solutions for complex legal challenges.

4

Expanding Access to Justice
AI has the potential to make legal services more affordable and accessible to a wider range of individuals and businesses.