More than half of Victorian lawyers use AI – but only a quarter have cut client fees as a result
Research finds 55% of lawyers are using AI in legal practices, up from 37% last year, though efficiency gains aren’t as high as expected Get our breaking news email , free app or daily news podcast More than half of Victoria’s lawyers have reported using AI in their work, according to a new study, but just over a quarter say they have reduced fees as a result of efficiency gains. They also say…
A new study reveals that over half of Victoria's lawyers are now utilizing AI in their legal practices, a significant rise from 37% last year. However, the efficiency gains from using AI have been less than anticipated, with only 26% of surveyed lawyers reporting a reduction in client fees as a result. This disparity seems to be more prevalent in corporate and big firm settings, where clients with higher legal capabilities and those well-versed in AI may negotiate lower prices.
The survey, conducted by the Victorian Legal Services Board and Commissioner's legal services research centre, polled 2,221 lawyers in the state.
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