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Why is Legal Tech Growing?

Lawmatics

percent from 2023 to 2030. Legal tech tools, such as AI and machine learning, help analyze large amounts of information and support legal professionals in decision-making. The legal tech market is vast and growing by leaps and bounds — in 2022 alone, the global legal tech market was valued at $23.45

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Richard Susskind + Mark Cohen on Digital Transformation + Legal Tech

Ron Friedmann

We did not anticipate the coming of the web or machine learning. That has moved from programmed systems to ones that learn from massive data volumes and huge computing power. Richard – not much in two years but a lot by 2030. Spends rest of his opening time on this… Richard did a PhD on AI in the 1980s.

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You Still Need to Put in the Work: Hyperdraft’s Ashley Carlisle and Tony Thai on the AI Hype Cycle (TGIR Ep. 213)

3 Geeks and a Law Blog

Ashley Carlisle 14:19 Q3 of 2030 Maybe? But by the very nature of machine learning, like you need massive data sets, train these models. And so I think that, that shifts a lot of people’s thinking into, okay, maybe I can’t use machine learning here. Greg Lambert 14:12 I think that comes out in q3.

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You Still Need to Put in the Work: Hyperdraft’s Ashley Carlisle and Tony Thai on the AI Hype Cycle (TGIR Ep. 213)

Legal Tech Monitor

Ashley Carlisle 14:19 Q3 of 2030 Maybe? But by the very nature of machine learning, like you need massive data sets, train these models. And so I think that, that shifts a lot of people’s thinking into, okay, maybe I can’t use machine learning here. Greg Lambert 14:12 I think that comes out in q3.