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
Pablo Arredondo on CaseText's New WeSearch Tool and How the Neural Net Is Making Its Way Into Legal Information
Bob Taylor, Valerie Dickerson, and Mark Ross on Deloitte Legal Business Services
Dan Packel on the Rise of Distributed Law Firms
Adam Tsao and The Creativity Playbook for Lawyers
Kate Tompkins on Being a Practice Group Leader But Not a Lawyer
What's Next for Jeroen Plink?
Lex Machina's Karl Harris on the Past, Present, and Future of Legal Analytics
Sophia George and Chevazz Brown: Finding Diverse Lawyers via DiversePro
Geoff Zodda on Legal Industry Employment Trends in a Post-COVID World
Rachel Travers on the New Law360 Pulse
Brightflag's Alex Kelly on Using Data and Analytics to Make Better Legal Spend Decisions
AI for Lawyers with Noah Waisberg and Dr. Alexander Hudek
Nicole Morris on Emory Law Schools TI:GER Innovation Conference
How Mid-Level Associates Can Thrive at Law Firms - with Jennifer Bluestein
Jennifer Bluestein on Stepping It Up: A Guide for Mid-Level Law Firm Associates
The Who, What, and Why of #LegalTech with Kristin Hodgins and Jason Wilson
The Boston Legal Design Challenge Update - Jeff Marple, Bob Taylor, and Aubrie Souza
Tracy LaLonde and The Joychiever Journey
Consumer Arbitration Made Easier with FairShake's Teel Lidow
Spotting Bias and Politicization of Local News Sources - Loyd Auerbach and Dave Boitano
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money