Quarter of UK Top 25 Law Firms May Already Be Using AI, Survey Finds
By Artificial Lawyer, August 2, 2016
This post has been viewed 2,466 times.
A report by business risk insurer, Travelers, has found that 23% of the Top 25 UK-based law firms it surveyed are already making use of applied AI systems. If extrapolated across all the leading 25 firms by revenue in the UK this data would equate to around six law firms, (see Table A).
Based on currently announced deals between law firms and AI providers, such as RAVN, Kira Systems, Neota Logic and LEVERTON this would appear to be highly likely, given that not all UK law firms using AI, whether supplied externally or developed internally, will have made a public announcement.
The survey, which was presented in a report this month and co-produced by The Lawyer’s research unit, also found that 16% of the UK 100 law firms surveyed are already using AI. If that average from the sample group was extrapolated across the whole 100 firms, it suggests a further 10 UK Top 100 firms could already be using applied AI systems (see Table B).
