Controlling and reducing legal spend is a top priority for in-house legal departments. Yet many struggle with this task because of limited budgets, scarce resources, and high-volume workloads. This leaves many in-house attorneys burned out and the department having to rely on outsourcing work to law firms, which, given the ever-rising rates of working with outside counsel, ultimately increases their spend. But many are looking to artificial intelligence (AI) to help them cut costs and increase efficiency.
Some legal departments have already started implementing AI into their workflows by buying, or even building, their own generative AI tools, according ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.