The "First Global Report on the State of Artificial Intelligence in Legal Practice" is a seminal work for those at the law and technology nexus. It bridges legal practitioners and AI academics, offering insights from over 200 global law firms. This report allows legal professionals to benchmark their AI usage, showcasing diverse applications and integration levels. Featuring perspectives from 25 top AI and law researchers, it aligns academic theory with practical legal needs, providing a valuable understanding of AI's implications in law. Ideal for tech-savvy legal practitioners, those seeking deeper tech integration, and legal tech researchers, this report caters to a varied audience. It guides readers through AI's complexities in legal practice and highlights the legal industry's needs for AI researchers. This publication demystifies AI for legal professionals and is a critical resource for advancing AI in legal practice, offering a rich, insightful view of law and AI's evolving relationship.