The acceptance of AI in the legal sector is on the rise, with a Clio survey revealing that 79% of law firms utilized AI for casework last year, a significant increase from 19% in 2023. Despite some skepticism, many legal professionals see potential cost savings. New legaltech companies like SpotDraft, founded in 2017, are gaining traction by offering AI-driven solutions for contract management. The firm has seen impressive growth, with its revenue up 169% year-over-year, and aims for further innovation in the coming years.
We believe 2025 will be an inflection point for team SpotDraft. We're strongly committed to deepening the use of AI in the product to help legal teams unlock efficiencies.
79% of firms used some form of AI for casework last year, up from just 19% in 2023. Despite some skepticism of the tech, in-house counsel has shown an interest.
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