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.
Links:
Contact Us:
Twitter: @gebauerm, or @glambert
Voicemail: 713-487-7821
Email: geekinreviewpodcast@gmail.com
Music: Jerry David DeCicca
Transcript
Cultivating and Retaining the Next Generation of Legal Talent
Alex Babin - Getting the Machines to Work the Way You Work
Matthew Coatney - The Human Cloud: The World of Projects and Freelancers
Results of the Bloomberg Law DEI Framework with Molly Huie
Teaching Law Students Business Design Skills - Jessica Erickson and Josh Kubicki
Ian Nelson, Sarah Glassmeyer, and Margaret Naughton on the Next Generation of CLE
The Legal Design Book with Astrid Kohlmeier and Meera Klemola
Innovation Adoption - The Law Firm Field of Dreams
Mary O'Carroll - The Power of Community in Driving Change
Zen and the Art of Process Improvement - Tiffany O'Neil, Alana Carson, and Jack Godsey
Joseph Raczynski - The Red and Blue Pill Matrix of AI and Emerging Legal Tech
April Brousseau - Innovation in the Legal Industry Can't Be a Side Gig
Leigh Vickery on Creating Top-Shelf Customer Experience in Legal
Shailini George on Law Students Doing Well and Being Well
Maya Markovich and Ivy Grey on Creating More Value with the Time You Have
Eugene Giudice on Reflections During a Pandemic
AALL's Emily Florio and Diane Rodriguez on Leading an Association Remotely
The Delta Model Lawyer with Cat Moon and Alyson Carrel
How COVID Changed Law Students' On Campus Interview Experiences with Law360's Kerry Benn
Law and Cultural Psychology with R&G Insights Lab's Dr. Caitlin Handron
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money