In this episode of The Geek in Review podcast, hosts Marlene Gebauer and Greg Lambert welcome back Richard Tromans, founder of Artificial Lawyer, after his year-and-a-half sabbatical. Tromans shares his insights on the impact of generative AI on the legal industry and discusses his upcoming Legal Innovators conferences in California and London.
Tromans observes that while the legal industry is generally enthusiastic about the potential of generative AI, there is a stark contrast in the perception of its impact outside the legal bubble. He believes that the technology will have a significant effect on the legal sector, but it will be mostly benign, with the potential to add value to the profession once the hype and cynicism subside.
The key to real transformation, according to Tromans, lies in integrating AI throughout the entire business process, rather than using it as a mere helper tool. This integration should encompass document management systems, knowledge management capabilities, templates, and precedents. However, he emphasizes that the current economic model of the legal industry must adapt to the technology for true transformation to occur.
Tromans also discusses the upcoming Legal Innovators California conference in San Francisco, which will focus on generative AI, standardization, and the infrastructure needed to support the evolving legal landscape. The event will feature speakers from law firms, in-house legal departments, academia, and major tech companies.
Looking ahead, Tromans believes that the biggest challenge for the legal industry over the next two to five years will be the willingness of clients and law firms to embrace change and rethink their processes. He argues that the industry could have adopted AI-driven solutions years ago, but the impetus to do so was lacking. The success of this "gentle revolution" will depend on the ability of clients and law firms to challenge assumptions and adapt to the changing technological landscape.
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Music: Jerry David DeCicca
Transcript
An Overview of the 2022 Partner Compensation Survey with Law360's Craig Savitzky and MLA's Jeffrey Lowe (TGIR Ep. 178)
It's Not Legal Technology That's the Problem… It's the Culture - ALM's Tomek Jankowski (TGIR Ep. 177)
Preparing for the Legal Team of the Future - Adam Curphey (TGIR Ep. 176)
What Does a Post-Pandemic Conference Look Like? Martha Breil on ILTACon (TGIR Ep.175)
A Data Diva and Two Geeks Talk Data Privacy - Debbie Reynolds
Intentional Leadership is about Owning Your Purpose - HBR's Axelle Flemming
The Future of Legal Innovation Will Be Built In By Design - Olga Mack
Teaching (and Pressuring) Law Professors to Teach Technology - Katie Brown
11 Steps Law Firms Can Take to Stop "Women Leaving Law" - Laura Leopard
Increased Revenue, Profits, and Efficiencies through "Smarter Collaboration" - Dr. Heidi Gardner
Aliza Shatzman - Turning a Horrible Judicial Clerkship Experience into the Legal Accountability Project
HyperDraft's Tony Thai and Sean Greaney - The Compatibility of BigLaw and Innovative Lawyers
Leading with Love as a Business Strategy with Jeff Ma and Frank Danna
Engineering Serendipity with The Houston Ion's Joey Sanchez
Diane Rodriguez and Beth Adelman on AALL's Preparation for an In-Person Denver Conference
Peter Baumann: There is So Much Value In Your Data… Once You Control the Risks
Law360's Kerry Benn on 2022 Summer Associate Preferences, Challenges, and Options
Colin McCarthy of Legal Operators on Building a LegalOps Community
Sonja Ebron and Ed Walters Collaborate on Courtroom5 and Fastcase to Help Pro Se Litigants Access Justice
After-Hours with NRF's Zack Barnes
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