https://www.law.com/legaltechnews/2024/05/30/gartner-predicts-legal-tech-market-will-hit-50-billion-by-2027-is-that-realistic/
ANALYSIS
A report by Gartner predicts that generative AI will fuel a rapid rise in legal tech spending over the next few years. But some aren’t so sure the technology can boost the market that far, that fast.
May 30, 2024 at 06:08 PM
6 minute read
Just how fast can the legal tech market grow? A recent report by Gartner predicts it will reach $50 billion by 2027—thanks in large part to generative artificial intelligence.
But while the sky seems to be the limit when it comes to generative AI’s impact on legal tech, some aren’t so sure the technology can boost the market that far, that fast.
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