{"id":92935,"date":"2024-09-17T20:35:03","date_gmt":"2024-09-18T00:35:03","guid":{"rendered":"https:\/\/danielschristian.com\/learning-ecosystems\/?p=92935"},"modified":"2024-09-17T20:35:03","modified_gmt":"2024-09-18T00:35:03","slug":"legal-budgets-will-get-an-ai-inspired-makeover-in-2025-survey-bachman","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2024\/09\/17\/legal-budgets-will-get-an-ai-inspired-makeover-in-2025-survey-bachman\/","title":{"rendered":"Legal budgets will get an AI-inspired makeover in 2025: survey [Bachman]"},"content":{"rendered":"<p><a href=\"https:\/\/www.legaldive.com\/news\/legal-budgets-will-get-an-ai-inspired-makeover-in-2025-survey\/726977\/\" target=\"_blank\" rel=\"noopener\"><strong>Legal budgets will get an AI-inspired makeover in 2025: survey<\/strong> <\/a>&#8212; from legaldive.com by Justin Bachman<br \/>\n<em>Nearly every general counsel is budgeting to add generative AI tools to their departments \u2013 and they\u2019re all expecting to realize efficiencies by doing so.<\/em><\/p>\n<p><strong>Dive Brief:<\/strong><\/p>\n<ul>\n<li>Nearly all general counsel say their budgets are up slightly after wrestling with widespread cuts last year. And most of them, 61%, say they expect slightly larger budgets next year as well, an average of 5% more, according to the 2025\u00a0In-House Legal Budgeting Report\u00a0from Axiom and Wakefield Research. Technology was ranked as the top in-house investment priority for both 2024 and 2025 for larger companies.<\/li>\n<li>Legal\u00a0managers predict their companies will boost investment on technology and real estate\/facilities in 2025, while reducing outlays for human resources and mergers and acquisition activity, according to the survey. This mix of changing priorities might disrupt legal budgets.<\/li>\n<li>Among the planned legal tech spending, the top three areas for investment are virtual legal assistants\/AI-powered chatbots (35%);\u00a0e-billing and spend-management software (31%); and contract management platforms (30%).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Legal budgets will get an AI-inspired makeover in 2025: survey &#8212; from legaldive.com by Justin Bachman Nearly every general counsel is budgeting to add generative AI tools to their departments \u2013 and they\u2019re all expecting to realize efficiencies by doing so. Dive Brief: Nearly all general counsel say their budgets are up slightly after wrestling [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[356,817,112,210,180,482,825,837,833,830,285,855],"tags":[],"class_list":["post-92935","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence-agents-llms-and-related","category-bots","category-corporate-business-world","category-emerging-technologies","category-innovation","category-intelligent-systems","category-law-schools","category-legal-operations","category-legal-reform","category-legal-technologies","category-legislation-legislatures","category-skills"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/92935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=92935"}],"version-history":[{"count":1,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/92935\/revisions"}],"predecessor-version":[{"id":92936,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/92935\/revisions\/92936"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=92935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=92935"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=92935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}