Gen AI is no longer a futuristic concept – it’s scope and pace has been far greater than the business world had originally anticipated. And, given that Gen AI enables lawyers to become 10x more productive, law firms looking to score easy wins are keen to take advantage [Forbes, 2023]. From reduced time spent on non-billable work to cost-saving for clients, the race is on to implement AI.
However, many remain unprepared for widespread integration of Gen AI, with only 40% having transitioned to cloud-based systems [Forbes, 2023]. Ensuring a strong and secure infrastructure must be a top priority. Only firms with strong foundations will be well placed to unlock efficiency and productivity gains. Firms that neglect this critical step risk lagging behind the competition.
Now is the moment for firms to take a decisive step. Given AI leaders are seeing 4.2x ROI vs AI followers [IDC, 2023], those who delay will face a battle for relevance. So, how can you ensure that you have the infrastructure in place to capitalise on Gen AI?
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