P2P

Winter24

Peer to Peer: ILTA's Quarterly Magazine

Issue link: https://epubs.iltanet.org/i/1530716

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B Y N I L S A M O R E N O AI AND DATA-DRIVEN PROJECT MANAGEMENT Insights for Legal Technologists T he legal field generates vast amounts of data through case files, contracts, client communications, and court records. This wealth of information holds significant potential for improving legal practice. Law firms are increasingly adopting advanced technologies like AI to gain insights. A recent McKinsey report highlights this trend: "65 percent of respondents report that their organizations regularly use Gen AI, nearly double the percentage from our previous survey just ten months ago." While this statistic covers various industries, it underscores the growing importance of AI in data-intensive fields like law. Using these technologies to analyze and manage data allows legal professionals to gain valuable insights, make informed decisions, and achieve better client outcomes. Data- driven project management provides a framework to utilize data and AI in legal practice effectively. 80 P E E R T O P E E R : I L T A ' S Q U A R T E R L Y M A G A Z I N E | W I N T E R 2 0 2 4

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