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What percentage of top law firms will adopt Wordsmith's AI paralegals by end of 2024?
3
Resolution / Starting Odds
0-10% • 25%
11-25% • 25%
26-50% • 25%
51% or more • 25%
Surveys or official statements from top law firms, TechCrunch
Story
Scottish Startup Wordsmith Introduces AI Paralegals with VC Backing, TechCrunch Reports
Jun 20, 2024, 07:05 AM
Wordsmith, a Scottish legal tech startup, is pioneering the use of AI paralegals to assist employees. The 'lawyer-in-the-loop' model aims to streamline legal processes and make legal support more accessible. Wordsmith has garnered backing from two prominent venture capital firms, signaling strong investor confidence in their innovative approach. The use of AI in legal services raises questions about ethical considerations and job security for legal professionals. TechCrunch highlighted the potential of this future-focused innovation.
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LexisNexis • 25%
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vLex • 25%
95% or more • 25%
90% to 94% • 25%
85% to 89% • 25%
Less than 85% • 25%
LexisNexis Nexis+ AI • 25%
Bloomberg Law • 25%
Thomson Reuters • 25%
Casetext • 25%
Less than 25% • 25%
25% to 50% • 25%
51% to 75% • 25%
More than 75% • 25%
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10-25% • 25%
25-50% • 25%
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Less than 25% • 25%
25% to 50% • 25%
51% to 75% • 25%
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Less than 50 • 25%
50 to 100 • 25%
101 to 150 • 25%
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Less than 5% • 25%
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10% to 15% • 25%
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25% to 50% • 25%
51% to 75% • 25%
More than 75% • 25%
More than 10 major firms adopt • 33%
5-10 major firms adopt • 33%
Less than 5 major firms adopt • 33%