Law firms and large in-house teams are continuing to invest in AI products, and that rate is only expected to grow. However, the spend is still a tiny fraction of the total legal market, which is over $450 billion in the US alone.
Law firms face the dual challenge of making sure they are using AI efficiently and ethically, while also adjusting their revenue models to account for the billable hours replaced by AI tools.
The worldwide Legal AI Software Market is poised for substantial expansion, expected to reach a compound annual growth rate (CAGR) of 28.3%. The market, valued at approximately USD 3.11 billion in 2025, is anticipated to grow to USD 10.82 billion by 2030.
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