Buyer’s Guide suggests law-related AI companies have grown by 65% in the last year

According to the In-House Counsel’s LegalTech Buyer’s Guide 2018, the number of artificial intelligence companies catering to the legal field has grown by 65 percent in the last year, from 40 to 66. In his LawSites post, Bob Ambrogi offers some caveats:

First, its listing of AI companies is not complete. Most notably, it omits Thomson Reuters, whose Westlaw, with its natural-language processing, was one of the earliest AI products in legal. Thomson Reuters Labs and, within it, the Center for Cognitive Computing, are major initiatives devoted to the study of AI and data science. Just in January, TR rolled out an AI-powered product for data privacy law.

In addition, there are a number of small legal tech startups that are using AI but that are not included on this list.

Second, when the guide suggests that established players such as LexisNexis are joining the field, it should be pointed out, for the sake of accuracy, that LexisNexis, like TR, was using AI in its research platform well before most of these other players came along.

— Joe

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