What is the AI In Law ?

The AI In Law refers to the application of artificial intelligence in legal processes, including document management, e-discovery, case management, and other legal operations, to enhance efficiency, accuracy, and decision-making in the legal industry.

How big is the AI In Law Market?

The AI In Law Market was valued at USD 1.07 billion and is projected to reach USD 16.9 billion, growing at a CAGR of 31.80% during the forecast period.

What are the key factors driving the growth of the AI In Law Market?

The growth of the AI In Law Market is driven by the need for automation in legal processes, the increasing volume of legal data, and the demand for improved legal research and analysis tools.

What are the current trends and advancements in the AI In Law Market?

Current trends in the AI In Law Market include the integration of AI in document management and e-discovery processes, the use of machine learning for legal research, and the adoption of AI-powered tools by law firms and legal departments.

What are the major challenges and opportunities in the AI In Law Market?

Challenges in the AI In Law Market include ethical concerns, the need for specialized AI solutions, and potential job displacement in the legal profession. Opportunities lie in the growing adoption of AI by law firms and the development of AI-based legal advisory tools.

Who are the leading players in the AI In Law Market?

Leading players in the AI In Law Market include LexisNexis, Thomson Reuters, Wolters Kluwer N.V., IBM Corporation, Microsoft Corporation, Kira Systems, Casetext, Evisort, LawGeex, and ROSS Intelligence, among others.

Global AI In Law Market Report By Application (Document Management System, e-Discovery, Practice and Case Management, E-Billing, Other Applications), By End-User (Lawyer, Client), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: August 2024
Report ID: 126167
Number of Pages: 298
Format:

Overview
Table of Contents
Major Market Players
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- LexisNexis
- Thomson Reuters
- Wolters Kluwer N.V.
- IBM Corporation
- Microsoft Corporation Company Profile
- Kira Systems
- Casetext
- Evisort
- LawGeex
- ROSS Intelligence
- Baker & McKenzie
- Clifford Chance
- Dentons
- PwC
- Honeywell International, Inc. Company Profile
- Other Key Players