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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Deploying Cutting-Edge Legal AI: Travers Smith's Cautious, But Open-source Approach. (TGIR Ep. 216)
Laura Leopard on Law Firms' Current Succession Planning: Step One - Do Nothing
Trellis' Nicole Clark on Leveraging State Court Data for Competitive Advantage (TGIR Ep. 214)
You Still Need to Put in the Work: Hyperdraft's Ashley Carlisle and Tony Thai on the AI Hype Cycle
Thomson Reuters' Kriti Sharma on Responsible AI and the Path to Trusted Tech in Law
Cybersecurity in the Remote Work Era: AI, Employees and an Integrated Defense - With SessionGuardian's Jordan Ellington and Oren Leib, and Katten's Trisha Sircar
A Literal Generative AI Discussion: How AI Could Reshape Law
The Rise of "Post-Truth" Litigation: ALM's Isha Marathe on How Deep Fakes Threaten the Legal System
The Rising Cost of Legal Services: Insights from 10 Years of Data from CounselLink's Kristina Satkunas
Curt Meltzer on Why Legal Tech Companies Should Give Back: The Business Case for Pro Bono, A2J, and Community Outreach
Christian Lang on Governing the Rise of LLMs: How LEGA Provides a Safe Space for Law Firms to Use AI (TGIR Ep. 206)
Michael Bommarito on Preparing Law Students for the Future, and His Quest on Bringing Order to the Chaos of Legal Data (TGIR Ep. 205)
Unleashing Potential: Laura Terrell on Transforming Legal Careers through Executive Coaching (TGIR Ep. 204)
Lawyer vs. AI or Lawyers + AI: Embracing the Future of Legal Practice with BriefPoint.ai's Nathan Walter and Bridget Albiero
Richard Tromans on the Future of Legal Innovation and The Legal Innovators California Conference (TGIR Ep. 201)
Rethinking Law Firm Strategy: The Road to Growth and Success with Toby Brown and Nita Sanger (TGIR Ep. 200)
Revolutionizing Legal Practice: The Impact of CaseText's CoCounsel on Law and Technology with Pablo Arredondo, Evan Shenkman, and Darth Vaughn (TGIR Ep. 199)
Josh Kubicki and the Brainyacts Newsletter - Helping You Keep Up with the Advancements of Generative AI in the Legal Industry (TGIR Ep. 198)
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