Recently, the corporate legal industry has witnessed an exciting transformation. The Association of Corporate Counsel (ACC) and Everlaw have jointly released a new report on the impact of Generative AI (GenAI) on the corporate legal industry. The report, titled 'Gen AI and the Future of Corporate Legal Work: Is Your In-House Team Ready?', reveals the rapid application of Generative AI in legal work and its profound effects on the legal profession. Image credit: Image generated by AI, image licensed from Midjourney.