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
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)
Pfeifer and Wellen Give an Inside Look at LexisNexis' AI Sprint (TGIR Ep. 230)
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)
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