Tech roundup: Companies announce new legal tools early in 2024

Amid a push for greater legal department efficiency, many technology companies are offering new AI-powered solutions for a variety of uses.

Four in 10 chief legal officers rank operational efficiency as their legal department’s top strategic initiative for the coming year, according to an industry report.

In hopes of supporting that goal, 45% of CLOs said they plan to invest in new technology, the Association of Corporate Counsel’s 2024 Chief Legal Officers Survey found. Many of these tools will likely be powered by artificial intelligence, as 75% of legal chiefs expect to use generative AI in the legal function in the near term, according to a report from FTI Consulting and Relativity