Legal AI Is Taking Off in Australia and Could Shake Up the Private Practice Legal Market

Legal AI Is Taking Off in Australia and Could Shake Up the Private Practice Legal Market

LEGAL
Australia's private practice legal market is diving headlong into providing AI-assisted legal services. Leading brands such as Clayton Utz, Minter Ellison and Holding Redlich are signaling their first steps into the use of AI and their desire to scale up through 2024 and beyond. Law firms are trialling AI for tasks including legal research and legal document drafting, supported by customized AI models trained on legal data. AI can speed up the provision of legal services, improve legal services costs and redirect lawyers to more complex matters. Examples of the Australian legal profession embracing AI Australia has a mature and highly innovative private practice legal market. It has been among the first legal markets in the world to see the potential of generative AI to accelerate and augment the provision…
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