Many of us have wondered when the big two legal information providers would jump into the Generative AI game, and it looks like LexisNexis is going public first with the launch of Lexis+ AI. We sat down with Jeff Pfeifer, Chief Product Officer for UK, Ireland, Canada, and US, and discuss the launch and what it means for LexisNexis going forward.
Pfeifer discusses how LexisNexis+ AI offers conversational search, summarization, and drafting tools to help lawyers work more efficiently. The tools provide contextual, iterative search so users can refine and improve results. The drafting tools can help with tasks like writing client emails or advisory statements. The summarization features can summarize datasets like regulations, opinions, and complaints.
LexisNexis is working with leading AmLaw 50 firms in a commercial preview program to get feedback and input on the AI tools. LexisNexis also launched an AI Insider Program for any interested firms to learn about AI and how it may impact their business. There is definitely demand for the AI Insider Program with over 3,000 law firms already signed up.
Pfeifer emphasizes LexisNexis' focus on responsible AI. They developed and follow a set of AI principles to guide their product development, including understanding the real-world impact, preventing bias, explaining how solutions work, ensuring human oversight and accountability, and protecting privacy.
Pfeifer predicts AI tools like LexisNexis Plus AI will increase access to legal services by allowing lawyers and firms to work more efficiently and take on more work. He also sees opportunities to use the tools to help pro se litigants and courts. However, he cautions that the responsible and ethical development and use of AI is crucial.
Overall, Pfeifer believes AI will greatly improve efficiency and capacity in the legal profession over the next 2-5 years but that responsible adoption of the technology is key.
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Transcript
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The Georgia Copyright Trilogy… The Final Chapter
The Do's and Don't's of Virtual Conferences - Litera's Haley Altman and Alma Asay
Launching the Legal Value Network - Kristina Lambright and Purvi Sanghvi
Why Retention of Legal Talent Can't Be The Equivalent of a Coin Flip - Bryan Parker of Legal Innovators
Heidi Gardner and Brian Stearns: Remote Collaboration from Tools to Psychology
Let's Talk About Our Side Projects
Charlie Uniman - Failure is not the Ugly F-Word Lawyers Think It Is
A Chat About Chatbots and The Law With Katherine Lowry and Diego Alcala
What Should Law Firms Do To Prepare for a Possible COVID-19 Epidemic? With the ALA's April Campbell
The Innovative Concept of Legal Writing in Plain English
Nick Pryor and BCLP³'s Global Innovation Mission
Professor Steve Black on Cybersecurity in the Legal Market
Matt Sunbulli on Fishbowl's Entry into the Legal Industry Social Media Space
The Leadership Journey with Laura Toledo and Kevin Iredell
Ellyssa Valenti Kroski on Law Librarians in the Age of AI, and a Hamilton Escape Room
Professor Ben Barton on Fixing Law Schools
Deep Dive on State Copyright Issues with Kyle Courtney and Ed Walters
The AALL Animal Law Caucus: Acknowledging and Researching Animal Rights in a People-Centric World
Alyson Carrel and Cat Moon on The Delta Model
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