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.
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Contact Us:
Twitter: @gebauerm, or @glambert
Voicemail: 713-487-7821
Email: geekinreviewpodcast@gmail.com
Music: Jerry David DeCicca
Transcript
LegalWeek 2024 Special Part Four: Joshua Lenon from Clio
Love and Legal Tech: Sonja Ebron and Debra Slone of Courtroom5
LegalWeek 2024 Special Part Three: Bill Piwonka of Exterro
Love & Legal Tech: Cassie Vertovec and Alex Macdonald
LegalWeek 2024 Special Part Two: Mollie Nichols and Mark Noel from Redgrave Data
Legal Week 2024 Special Part One: Joey Seeber of Level Legal
Navigating the Future of Legal Tech with Caroline Hill
Projections for Legal Tech and Innovations in 2024 (TGIR Ep. 232)
Breaking Barriers and Building Bridges: Tackling Racial Bias in Law with LexisNexis Fellows 2023 (TGIR Ep. 231)
Pfeifer and Wellen Give an Inside Look at LexisNexis' AI Sprint (TGIR Ep. 230)
The Future of KM is Bright: DiDomenico, Miro, and Little Review the KM&I for Legal Conference (TGIR Ep. 229)
TGIR Ep. 228 - Cat Moon and Mark Williams Launch the New Vanderbilt AI Law Lab (VAILL)
vLex's Damien Riehl on Examining vLex's New Vincent AI
Colin Levy, Dorna Moini, and Ashley Carlisle on Herding Cats and Heralding Change: The Inside Scoop on the "Handbook of Legal Tech"
Jacqueline Schafer on Writing Briefs at the Speed of AI: How ClearBrief is Transforming Legal Drafting
Paulina Grnarova and Yannic Kilcher from DeepJudge.AI: Unlocking Institutional Knowledge: How AI is Transforming Legal Search (TGIR Ep. 224)
Breaking the Stigma: Fostering Wellbeing in the Legal Profession (TGIR Ep. 223)
Thomas Suh and Ken Block on How LegalMation is Revolutionizing Litigation Efficiency
Unleashing the Legal Monster Behind the Door - LexFusion's Christina Wojcik (TGIR Ep. 221)
Paxton.AI's Chau & Ulin: How AI Allows Legal Work to Soar to New Heights (TGIR Ep. 220)
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