The Department for Science, Innovation and Technology (DSIT) announced a £6.4 million grant for small and medium-sized enterprises (SMEs) to invest in AI-technology skills-based training. This development is the latest in a string of AI funding initiatives across the UK corporate sector, indicating that 2024 is the year emerging technologies will revolutionize the workplace in all aspects.
AI technology is transforming business functions across industries. However, the legal sector, in particular, has demonstrated tremendous progress. Often portrayed as laggards when it comes to embracing innovation, legal’s cautious, conservative approach to tech adoption has become a thing of the past in the age of AI. A recent survey from the Legal Services Board (LSB) discusses how over 95 percent of legal businesses found that implementing new technologies has made them more responsive to clients’ needs. Moreover, 60 percent of surveyed legal businesses found their clients expect them to power their legal services through tech innovation.