For the Fourth of July week, we thought we'd do something fun and probably a little weird. Greg spoke with an AI guest named Justis for this episode. Justis, powered by OpenAI's GPT-4, was able to have a natural conversation with Greg and provide insightful perspectives on the use of generative AI in the legal industry, specifically in law firms.
In the first part of their discussion, Justis gave an overview of the legal industry's interest in and uncertainty around adopting generative AI. While many law firm leaders recognize its potential, some are unsure of how it fits into legal work or worry about risks. Justis pointed to examples of firms exploring AI and said letting lawyers experiment with the tools could help identify use cases.
Greg and Justis then discussed the challenges for the legal industry in using AI, like knowledge gaps, data issues, technology maturity, and managing change. They also talked about the upsides of using AI for tasks such as research, drafting, and review, including efficiency and cost benefits, as well as downsides like over-reliance on AI and ethical concerns.
The conversation turned to how AI could streamline law firm operations, with opportunities around scheduling, paperwork, billing, client insights, and more. However, Justis noted that human oversight is still critical. Justis and Greg also discussed how AI may impact legal jobs, creating demand for new skills and roles but aiming to augment human work rather than replace it.
Finally, Justis suggested innovations law firms could build with AI like research and drafting tools, analytics, dispute resolution systems, and project management. Justis emphasized that focusing on user needs, ethics, and change management will be key for successfully implementing AI. Looking ahead, Justis anticipated continuing progress in legal AI, regulatory changes, a focus on ethics, growing demand for AI skills, and AI becoming a competitive advantage for some firms.
While this was a "unique" episode for The Geek in Review, we hope it provided an insightful "conversation" about the current and future state of generative AI in the legal industry. There is significant promise but there are also challenges around managing change, addressing risks, and ensuring the responsible development of new AI tools. With the right focus and approach, law firms can start exploring ways to make the most of AI and gain a competitive edge. But they must make AI work for human professionals, not the other way around.
Listen on mobile platforms: Apple Podcasts | Spotify
Contact Us:
Twitter: @gebauerm, or @glambert
Voicemail: 713-487-7821
Email: geekinreviewpodcast@gmail.com
Music: Jerry David DeCicca
Transcript
Ep. 39 - Hannah Bloch-Wehba on Who is Governing the Algorithms?
Jim Hannigan - SALI Alliance and Why Matter Standards … Really Matter
Advice for Law Students - From Reducing Stress to Nailing Your Time as a Summer Associate
David Whelan on Sole Provider or No Provider. Plus, How Law Schools are Reducing Student Stress During Finals
Brian Powers on the Entrepreneur Lawyer
Dr. Carla Rydholm on the Value of Legal Data Analytics
Stephen Embry - The Passion Behind Legal Blogging
Joe Lawson on How a 3% Increase in Lawyer Efficiency Can Solve a Pro Se Problem
Vishal Agnihotri on Legal Hackathons and her 'Femme LeGALs' team
Chicago-Kent's Debbie Ginsberg on the Value of Women in Legal Tech
Episode 29: Ed Walters - Bringing Sexy Back… To Legal Publishing
Episode 28: Jennifer Roberts - Data Science Superhero
Episode 27: Heather Ritchie on Marketing, BD, KM, and Library Collaboration
Episode 26: Cat Moon on Legal Problem Solving for the 21st Century
Episode 25: Ivy Grey on Curiosity and Creativity's Role in Business
Episode 24: What Does the Federal Government Shutdown Mean for Legal Information?
Episode 23: The Technology Twilight Zone
Episode 22: Marcie Borgal Shunk on Teaching Leadership Skills to Leaders
Episode 21: Courtney Selby on Beer Law
Ep. 20 - Ryan McClead, CEO of Sente Advisors - Legal Innovation is not a One-Stop Shop
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