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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Preparing for the Legal Team of the Future - Adam Curphey (TGIR Ep. 176)
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A Data Diva and Two Geeks Talk Data Privacy - Debbie Reynolds
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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
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