This week we catch up with Jeff Pfeifer and Serena Wellen from LexisNexis to discuss the rapid development of AI tools for the legal industry over the past year. Pfeifer and Wellen give us an insider’s view of what it took to bring their Lexis+ AI tool to the market and the balance between speed to market and getting solid customer guidance on what they need in a legal-focused Generative AI tool. Between the initial version released to a select group of customers and the current version, the product grew from an open-ended chat interface into more of a guided resource that helps users on creating and following up on prompts. As with most AI tools created in the past year, there is still more potential as more and more customers use it and give critical feedback along the way.
In addition to Lexis+ AI, LexisNexis has now launched two additional AI products - Lexis Snapshot and Lexis Create. Lexis Snapshot summarizes legal complaints to help firms monitor litigation. Lexis Create brings AI capabilities directly into Microsoft Word to assist with drafting and research while lawyers are working on documents. The goal is to embed insights where lawyers are actually doing their work rather than separate AI tools.
While the focus of the initial Generative AI tools from LexisNexis were focused on the US market, Serena Wellen and her team are busy expanding that to more of an international reach. This requires adapting the models, content, and interface to different languages and legal systems. This is complex undertaking, but Wellen discusses how LexisNexis has content and editors around the world to help customize the tools. Surprisingly, desired use cases are fairly consistent globally - both simple legal tasks as well as more advanced legal research and drafting.
Greg Lambert brings up a recent LinkedIn discussion that he had with Microsoft’s Jason Barnwell, where Barnwell told him that today’s version of Generative AI tools are “the worst these things will ever be.” In response, Pfeifer says that LexisNexis is focused on continuously improving answer quality to build trust and prove the value of AI to skeptical lawyers. LexisNexis is leveraging relationships with companies like Microsoft to reinforce the stability and progress being made.
Wellen and Pfeifer look into the future and predicted that AI assistants will become highly personalized to individual lawyers. AI agents will also proliferate across platforms to help automate tasks and workflows. Law firms will likely accelerate their adoption of AI tools based on rising expectations and demands from corporate legal departments to work more efficiently.
Listen on mobile platforms: Apple Podcasts | Spotify | YouTube
Contact Us:
Twitter: @gebauerm, or @glambert
Threads: @glambertpod or @gebauerm66
Email: geekinreviewpodcast@gmail.com
Music: Jerry David DeCicca
Transcript
LegalWeek 2024 Special Part Four: Joshua Lenon from Clio
Love and Legal Tech: Sonja Ebron and Debra Slone of Courtroom5
LegalWeek 2024 Special Part Three: Bill Piwonka of Exterro
Love & Legal Tech: Cassie Vertovec and Alex Macdonald
LegalWeek 2024 Special Part Two: Mollie Nichols and Mark Noel from Redgrave Data
Legal Week 2024 Special Part One: Joey Seeber of Level Legal
Navigating the Future of Legal Tech with Caroline Hill
Projections for Legal Tech and Innovations in 2024 (TGIR Ep. 232)
Breaking Barriers and Building Bridges: Tackling Racial Bias in Law with LexisNexis Fellows 2023 (TGIR Ep. 231)
The Future of KM is Bright: DiDomenico, Miro, and Little Review the KM&I for Legal Conference (TGIR Ep. 229)
TGIR Ep. 228 - Cat Moon and Mark Williams Launch the New Vanderbilt AI Law Lab (VAILL)
vLex's Damien Riehl on Examining vLex's New Vincent AI
Colin Levy, Dorna Moini, and Ashley Carlisle on Herding Cats and Heralding Change: The Inside Scoop on the "Handbook of Legal Tech"
Jacqueline Schafer on Writing Briefs at the Speed of AI: How ClearBrief is Transforming Legal Drafting
Paulina Grnarova and Yannic Kilcher from DeepJudge.AI: Unlocking Institutional Knowledge: How AI is Transforming Legal Search (TGIR Ep. 224)
Breaking the Stigma: Fostering Wellbeing in the Legal Profession (TGIR Ep. 223)
Thomas Suh and Ken Block on How LegalMation is Revolutionizing Litigation Efficiency
Unleashing the Legal Monster Behind the Door - LexFusion's Christina Wojcik (TGIR Ep. 221)
Paxton.AI's Chau & Ulin: How AI Allows Legal Work to Soar to New Heights (TGIR Ep. 220)
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money