In our 2025 industry forecast, LinkSquares surveyed over 150 legal professionals to explore the key legal trends and insights for 2025 that will shape the future of the legal landscape. This blog delves into one of the standout legal tech trends uncovered: the evolving role of AI in contract management and its growing impact on businesses.
AI is a big deal for legal teams right now, and the way in-house teams are embracing it is impressive. Among those surveyed, 78% of legal professionals said they love AI. Over 60% use it occasionally, and 17.2% rely on it daily. With legal teams under pressure to streamline workloads and move faster, adopting AI feels like a logical next step. A Bloomberg Law report highlights how integrating AI and contract analytics into workflows can provide real benefits for in-house legal teams, including:
These reductions can not only save you time and money, but they can also improve the efficiency of your current contract management processes. This legal tech trend will be one to follow in 2025 as more and more businesses begin to integrate similar solutions into their day-to-day.
The demand for AI technology to help teams with their workloads was apparent, especially from one legal director, who mentioned in the survey that “AI assistance with email” is one of the challenges they want legal tech software to help them with. Another general counsel surveyed emphasized the need for “better AI with respect to generating drafts.” The demand doesn’t stop at assisting in the creation of drafts. There is a need for AI to assist with strategy as well. A VP of contract management and procurement stated that it would be helpful to have “AI to inform similar sales targets among existing portfolio to reduce iterations and cycle times to contract completion.” Embracing AI in a more strategic sense can help in-house legal teams become better business partners and promote stronger collaboration between departments.
In-house legal teams are increasingly embracing and demanding AI technological assistance opportunities. These tools can significantly ease their workload and contribute to achieving the business’s overall goals. It is evident that many are keen to explore how AI can simplify their lives, particularly in the workplace. All it takes is finding the right solution to help you achieve your goals. Find out how to stay updated with legal trends by connecting with LinkSquares today.