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
Josh Kubicki and the Brainyacts Newsletter - Helping You Keep Up with the Advancements of Generative AI in the Legal Industry (TGIR Ep. 198)
The Future of AI within LexisNexis and the Legal Industry with Lexis CTO Jeff Reihl - TGIR Ep. 197
From Pain to Creativity: How AI Helped Kristina Kashtanova Illustrate Her "Zarya of the Dawn" Story - featuring Richmond Law's Ashley Dobbs and Roger Skalbeck (TGIR Ep. 196)
Revolutionizing Legal Technology Design with T&P Studios' Nicole Bradick (TGIR Ep. 195)
The Future of Fashion and the Law (TGIR Ep. 194)
The Legal Singularity and the Future of Legal Research - Benjamin Alarie and Abdi Aidid (TGIR Ep. 193)
Breaking Barriers: The Portia Project's MC Sungaila on the Unique Paths to Success for Women Lawyers and Judges (TGIR Ep. 192)
Johannes Scholtes: AI Is Finally Here. Now the Hard Work Begins for the Legal Industry (TGIR Ep. 191)
Colin Lachance on Jurisage's MyJr and How He's Looking at AI to Assist in the Synthesis and Reading of Legal Cases (TGIR Ep. 190)
The Bullshitter, The Searcher, and The Researcher - Damien Riehl on the Dynamic Shift in How the Legal Profession Will Leverage Standards and Artificial Intelligence
Successful Brand Awareness for Legal Professionals - Tips from Stefanie Marrone (TGIR Ep. 188)
The Secret Weapon: Leveraging Patent Agents to Gain a Competitive Edge - Shayne Phillips (TGIR Ep. 186)
The (ALMOST) Completely AI Generated Podcast (TGIR Ep. 186)
ChatGPT - If It Sounds Too Good To Be True... - Tony Thai and Ashley Carlisle (TGIR Ep. 185)
Redgrave Data's Mollie Nichols on the De-Commoditizing of Data in the Legal Industry (TGIR Ep. 184)
APIs are the LEGO Building Blocks of Data - API Panel Discussion with Emily Rushing, Pam Noyd, Chris O'Connor, Keli Whitnell, and Erik Adams (TGIR Ep. 183)
Creating Actual Transparency Between Law Firms and Clients - Litify's Ari Treuhaft and Pam Wickersham
Nearly Two-Thirds of Legal Contracts are Gender-Biased and Why That Matters - Alex Denne and Caroline Hill (TGIR Ep. 181)
LinkSquares' Tim Parilla and Juliette Kopecky: These Aren't Legal Problems or Tech Problems, These Are Business Problems
The Mission: Eliminate Systemic Racism in the Legal System - LexisNexis' Ronda Bazley Moore (TGIR Ep. 179)
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