AI to Help Double Legal Tech Market Over Five Years, Gartner Says

The legal tech market will expand to $50 billion by 2027, driven by the generative artificial intelligence boom, according to an analysis by market research firm Gartner Inc.

That growth, up from about $23 billion in 2022, will be driven by continued law firm spending on AI legal tech, as well as in-house departments allocating more of their overall budgets to technology, said Chris Audet, chief of research in Gartner’s legal, risk and compliance leaders practice. The market size prediction, released publicly on Thursday, comes from a late-2023 analysis for Gartner clients, and the 2022 market size comes from ...