Do you currently utilize Generative AI technologies in your legal department or practice? If not, do you have plans to do so in the upcoming year, or do you anticipate increasing your adoption of these technologies?
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Global Counsel in Travel and Hospitality10 months ago
Not personally. The use cases and results/outcome are far too unpredictable with high margin of error rates and false positives to rely on for effective legal strategy, planning, practice or advice. Doing so in my view at the current state of the technology would be tantamount to borderline malpractice when dealing with client representation.Global Counsel in Travel and Hospitality10 months ago
I will also add that, until and unless the insurance industry catches up and insures this type of genAI risk under Tech E&O or Media Liability type policies very unambiguously and clearly, the legal in-house and finance industry will have a hard time implementing (or agreeing to implement) AI in its day to day operations.Fellow at CodeX, The Stanford Center for Legal Informatics & Generative AI Editor at law.MIT10 months ago
I strongly recommend considering the adoption of Generative AI technologies in your legal department or practice if you haven't already. Personally, I've found that leveraging these tools can greatly enhance efficiency and productivity. If you're not currently utilizing Generative AI technologies, it's worth planning to integrate them in the upcoming year. The legal field is evolving, and AI can assist with tasks such as legal research, document generation, and even predictive analytics to help anticipate legal outcomes. Embracing these technologies can give your practice a competitive edge and free up valuable time for more strategic and client-focused work. So, consider exploring AI solutions tailored to your specific legal needs, and you'll likely see a positive impact on your practice.
AI LegalTech Counsel & Legal Ops Innovation Leader | Digital Transformation Expert | Strategic Advisor in Services (non-Government)10 months ago
I could not agree more.
For those in legal who have not yet embraced Gen AI, I can't emphasize enough how important it is to learn how to use these tools. Some may have concerns about the perceived risks, but it's worth noting that many of these same individuals routinely rely on AI-driven tools like Grammarly or Microsoft Editor for their writing.
Failing to explore Gen AI technologies carries the genuine risk of falling behind in a rapidly evolving field.
Fellow at CodeX, The Stanford Center for Legal Informatics & Generative AI Editor at law.MIT10 months ago
Yes to this: "Failing to explore Gen AI technologies carries the genuine risk of falling behind in a rapidly evolving field."
Director of Legal in Software6 months ago
I consistently use Generative AI in my legal department. However, I think that it is critical to understand that not all Gen AI tools are the same in terms of their data set, capabilities, interfaces, etc. So, for the legal space, careful evaluation of the right solution based on needs, security concerns, accuracy, is necessary. Too often the go-to is ChatGPT which while leads in some respects, may not, be the answer, at least is currently available and freely available version. I have seen some firms take the LLM underlying ChatGPT or others and develop their own in-house model to overcome/address some of the issues I point to.VP of Legal3 months ago
We are testing a few use cases at the moment. For example virtual assistant to replace FAQ on the intranet.