2024 Investing in Legal Innovation Survey:
The Rise of GenAI at Top Firms & Corporations
LexisNexis® surveyed 266 leaders from large law firms and Fortune 1000 corporations to better understand their adoption, use, and planned investment in generative AI technology. Read the survey results for actionable generative AI insights.
70% Agree GenAI Adds Value
Large law firms believe generative AI will enable a variety of new value-added work for clients.
47% Agree GenAI Enables New Business
Large law firms are exploring new lines of business and new billable opportunities only possible because of generative AI.
90% Agree Investment Expected to Rise
Large law firms and corporations expect their investment in generative AI to increase over the next five years.
38% Hiring More Technologists
Am Law 200 firms expect to hire more data scientists and engineers to support generative AI initiatives this year.