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Home/News Feed/AI legal drafting tools market to grow from $0.9B in 2025 to $3.42B by 2030, driven by automation and AI advances.
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-$0.35 -0.33%

AI legal drafting tools market to grow from $0.9B in 2025 to $3.42B by 2030, driven by automation and AI advances.

Market News
07 Jul 2026
Researchandmarkets.Com
View Source
Bullish
pluang ai news

The AI legal drafting tools market is projected to expand rapidly from $0.9 billion in 2025 to $3.42 billion by 2030, with a CAGR of about 30.7%. Growth is fueled by increasing demand for automation in legal processes, adoption of AI-powered contract management, and advancements in natural language processing and machine learning. North America currently leads the market, while Asia-Pacific is the fastest-growing region due to expanding IT infrastructure and tech adoption. Key players like LexisNexis, Thomson Reuters, and DocuSign are innovating with AI tools that improve efficiency, accuracy, and cost savings in legal operations.

More News (TRI)

Thomson Reuters launches AI-powered CoCounsel Legal to streamline legal research and drafting.

Thomson Reuters launches AI-powered CoCounsel Legal to streamline legal research and drafting.

Thomson Reuters has introduced the next generation of CoCounsel Legal, an AI-driven tool that integrates legal research, drafting, and verification into one workflow. Designed to assist legal professionals from research to first-draft briefs, it comb...

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