Inside Legal AI Newsletter: 05/12/2023
Inside Practice
Cutting-Edge, Purpose-Driven Thought Leadership for the Legal Profession
Welcome to the new weekly Inside Legal AI newsletter.?
To keep up with the pace of change the?Inside Legal AI?Newsletter ?will now be weekly. Featuring the?past?week's?news, podcasts, thought leadership, and the latest AI events and programming.
FEATURED
Inflection Point: The Legal?AI?Revolution
Inflection Point - brings together today's thought leaders for a full-day series of in-depth think-tanks designed to cut through the hype, exploring the fundamental considerations and hypothetical futures that we are confronted with today as it relates to artificial intelligence in the legal profession.
THOUGHT LEADERSHIP
The decline of time-based law firms / Jordan Furlong
Lawyers' billed hours constitute the inventory of law firms and the foundation of their profits. Legally trained AI will decimate those hours. What happens then?
COMING SOON
Legal?AI?Revolution 2
Online / September 14th?
If you would like to be considered for our 2nd series of panel discussions and think tanks, and can address AI priorities within the legal profession, explore key internal/client-facing challenges or examine AI law and its impacts?-?
HEADLINES
IN THE 05/12/2023 EDITION:
May 11, 2023 11:32 pm /?Bar & Bench
ChatGPT is taking every industry by storm and the legal industry is no different. In a short period of time, the exponential growth of ChatGPT has caused signif
May 11, 2023 06:06 pm /?JD Supra
I. Introduction - A. Artificial Intelligence Arrives in Everyday Life – The Release of ChatGPT - Generative AI, which is a type of artificial intelligence that can...
May 11, 2023 06:02 pm /?Alan Martin
European Union AI regulations clear their first hurdle, with the draft negotiating mandate passing by 84 votes to seven
May 11, 2023 04:12 pm /?LawSites
LexisNexis today announced the preview launch of Lexis Connect, a legal intake and matter management product that works within Microsoft Teams and uses conversational AI assistants to help deliver ans...
May 11, 2023 03:27 pm /?ABA Journal
The ABA Journal is read by half of the nation's 1 million lawyers every month. It covers the trends, people and finances of the legal profession from Wall Street to Main Street to Pennsylvania Avenue.
May 11, 2023 01:43 pm /?law360
Many attorneys are going to use artificial intelligence tools whether law firms like it or not, so firms should educate them on AI's benefits, limits and practical uses, such as drafting legal documents, to remain competitive in a rapidly evolving legal market, say Thomas Schultz and Eden Bernstein at Kellogg Hansen.
May 11, 2023 05:18 am /?TechCrunch
In a series of votes in the European Parliament this morning MEPs have backed a raft of amendments to the bloc's draft AI legislation -- including agreeing a set of requirements for so called foundational models which underpin generative AI technologies like OpenAI's ChatGPT.
May 11, 2023 05:07 am /?Allison M. Aviki
The United States Copyright Office recently launched its "Artificial Intelligence Initiative," set to "examine the copyright law and policy issues raised by artificial intelligence.
May 11, 2023 02:15 am /?Cliff Saran
Policymakers are battling to keep pace with AI developments, while experts warn of societal impact
May 10, 2023 10:18 pm /?JD Supra
Senate Majority Leader Chuck Schumer (D-NY) proposed a new framework to guide future artificial intelligence legislation and regulation, and other members of Congress are also considering...
May 10, 2023 07:00 pm /?Lexology
Since its explosive launch last year, ChatGPT has popularized the emerging concept of AIGC and entered the public consciousness. Compared to the…
May 10, 2023 03:36 pm /?law360
Artificial intelligence can be a game-changer for law firms, but attorneys have to approach the technology with the mindset that it's a collaborative tool and will not complete a task efficiently without informative prompts, two experts argued during a webinar Tuesday hosted by legal tech company Clio.
May 10, 2023 02:13 pm /?Jordan Rothman
Could advances in technology soon permit AI to argue matters in court if this was permissible?
领英推荐
May 10, 2023 07:15 am /?Troutman Pepper - Troutman Pepper Forms Task Force to Advance Generative AI in the Practice of Law
The Task Force is a logical extension of Troutman Pepper’s multifaceted efforts in the AI space and will unify and amplify the firm’s existing talents and experience using AI and advising clients seeking to do so.
May 10, 2023 05:59 am /?Stephanie Pacheco
AI has been around for decades, but the rise of public-facing chatbots has seemingly ushered in a new era. Bloomberg Law’s most recent State of Practice Survey asked nearly 800 attorneys about their familiarity with and views on generative AI and how their organization has responded to recent developments.
May 09, 2023 06:19 pm /?Legaltech News
While reflecting before moving forward with transformative technology is prudent, we should not allow resistance to change to exert undue influence on the decision to explore the benefits generative AI brings to the legal field.
May 09, 2023 04:07 pm /?dykema.com
Dykema, a leading national law firm, today announced that it is an early adopter of CoCounsel, an AI legal assistant developed by Casetext and powered by OpenAI’s latest and most advanced language model, GPT-4. By utilizing CoCounsel’s advanced, purpose-built AI technologies, Dykema can augment the quality and timeliness of services to clients, all while keeping data secure.
May 09, 2023 01:21 pm /?JD Supra
ChatGPT passed the bar exam on its first try. To make matters more alarming, ChatGPT can draft someone’s Will in a matter of minutes. Before sounding the unemployment alarms, what...
May 09, 2023 09:57 am /?Jake Rudnitsky
Palantir Technologies Inc., the data analysis firm co-founded by Peter Thiel, is seeing “unprecedented” demand for an artificial intelligence platform, the first version of which will roll out to some customers this month. Shares were up as much as 21% early Tuesday after the company previewed its arrival.
May 09, 2023 08:22 am /?Ryan Heath
Beijing sees strong rules for AI as a prerequisite for winning public acceptance of the new technology.
May 09, 2023 03:00 am /?John Buchanan,Stuart Irvin,Megan Mumford Myers
Covington attorneys analyze emerging risks that generative AI tools pose to business insurance policies, and new policies on the market that might provide specific coverage for AI claims.
May 08, 2023 07:00 pm /?Lexology
The AI landscape is rapidly evolving. To help you stay abreast of the various developments, we share a recap of the latest legal and tech updates…
May 08, 2023 07:00 pm /?New York Law Journal
One supposes that criminal lawyers are often dentist-like in their professional undertakings— trying to “extract” truth from clients, witnesses and even prosecutors. Are we, however, immune from substitution by designated hitters who can hit the ball out of the park digitally?
May 08, 2023 07:00 pm /?Lexology
In the European Union, progress on the draft Artificial Intelligence Act (AI Act) is ramping up following the Council's position published on 6…
May 08, 2023 07:00 pm /?Lexology
According to latest news following months of discussions, members of the European Parliament have reached a provisional political deal on AI Act…
May 08, 2023 03:29 pm /?Peter Grad
Researchers at the University of California, Berkeley, say ChatGPT has memorized a large number of copyrighted works and that inclusion of such data can introduce bias to analytics conducted with OpenAI ...
May 08, 2023 02:36 pm /?law360
As the race for artificial intelligence in the legal industry grows, a legacy legal technology company and a startup both introduced AI offerings Monday to meet the burgeoning demand.
May 08, 2023 02:02 pm /? Olga V. Mack
Here are three overarching areas of concern in-house lawyers can focus on when developing a proactive approach to AI management.
May 08, 2023 01:52 pm /?National Law Journal
Although the federal government has not yet passed comprehensive legislation specifically governing AI technology, a patchwork of state and local laws to address such challenges have started to develop.
May 08, 2023 08:00 am /?LawSites
Rocket Matter, a cloud-based law practice management platform, now has an integration with OpenAI's ChatGPT artificial intelligence, providing its users with quick access to ChatGPT from anywhere with...
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Inside Legal AI?brings together todays thought leaders to address the integration, impact, and implications of AI in the legal profession.