In-house counsel are increasingly utilizing GenAI tools, leading to potential reductions in reliance on outside counsel. The study indicates that in-house teams could decrease the amount of work referred to outside counsel by approximately 13%. GenAI tools may also cut the time spent on routine business inquiries by 25% and reduce in-house paralegal time by up to 50%. Automation of routine tasks is expected to improve work-life balance for legal staff. However, organizations face challenges in finding GenAI solutions that align with their business needs and governance requirements.
Organizations are still struggling to identify GenAI solutions that meet both their business objectives and security/governance requirements.
In-house teams could reduce by about 13% the amount of work referred to outside counsel by using GenAI.
GenAI could also cut by 25% the time spent by in-house legal annually on routine business inquiries.
In-house paralegal time could be reduced by as much as 50% through AI tools.
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