New CosmoLex AI Study Reveals Small Law Firms Set to Take the Lead in AI Adoption
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: Nov 05 20250mins
AI Adoption in Small Law Firms: A new study by CosmoLex indicates that small law firms are poised to adopt AI tools in practice management over the next year, despite currently low adoption rates. They see AI as a means to automate labor-intensive tasks and enhance operational efficiency.
Valuable AI Applications: Among firms that have adopted AI, 49% find automated document drafting, 37% value legal research and e-discovery, and 35% appreciate AI in client communications, highlighting a focus on automating routine tasks.
Future Interest in AI: While small firms are slower to adopt AI compared to larger firms, they express interest in using AI for client intake, invoice generation, and predictive analytics, indicating potential growth areas for AI integration.
CosmoLex's Commitment: CosmoLex is dedicated to developing AI-powered features in its NextGen platform, aiming to support small law firms in leveraging AI while maintaining the essential human elements of legal services.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
