Advantages of Legal AI for Small Law Firms and Sole Practitioners
Note: This article is just one of 60+ sections from our full report titled: The 2024 Legal AI Retrospective - Key Lessons from the Past Year. Please download the full report to check any citations.
E. Advantages for Small Law Firms / Sole Practitioners
The adoption of AI technologies offers significant advantages for small law firms and sole practitioners, enabling them to compete more effectively with larger firms and expand their capabilities.[136]
While some prominent Legal AI providers seem to focus on furthering the technology capability gap between BigLaw and other law firms, companies like Genie AI and ContractPodAI are actively working to reverse this trend by offering cutting-edge technology to solo, small, and mid-market firms. AI empowers smaller legal entities to enhance efficiency, explore new practice areas, and provide more customized services to their clients.
A third of small firms are exploring the potential of new generative AI systems.[137]
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