Inside Legal AI Newsletter: 07/28/2023

Inside Legal AI Newsletter: 07/28/2023

Welcome to the 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 –?Part 2

Early this year, it would have been safe to assume that most law firms don't yet have plans to actually use generative AI in their legal practice. As we approach the latter parts of this year, to what extent has this changed??

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HEADLINES

IN THE 07/28/2023 EDITION:

ESG Meets AI: Balancing Risk and Opportunity | The Legal Intelligencer

Jul 27, 2023 5:30 pm /? The Legal Intelligencer

This rise in #AI also comes at a time when more and more individuals are incorporating environmental and social issues into their everyday lives—including their choices as consumers.


Andrew Droke Talks Baker Donelson's New AI Task Force, Key Client Concerns and AI Governance | Legaltech News

Jul 27, 2023 3:12 pm /?Legaltech News

Andrew Droke spoke to Legaltech News about how Baker Donelson 's new AI Task Force is set to tackle emerging regulations around AI, and the growing pains all legal professionals will face when it comes to AI.


Legal professionals skeptical about AI’s impact on complex tasks

Jul 27, 2023 1:58 pm /?Legal Dive

Surveyed lawyers and staff also said corporate work, more than litigation matters, was more likely to be transformed by generative AI.


Tracking Generative AI: How Evolving AI Models Are Impacting Legal | Legaltech News

Jul 26, 2023 10:50 pm /?Legaltech News

A running compilation of how the legal landscape continues to be shaped by generative AI tools, from GPT technologies to art generation tools and beyond.


Fasken and Lexata Partner on Generative AI Use in Legal Research

Jul 26, 2023 7:00 pm /?Fasken

Fasken partners with Lexata to champion the use of generative AI for Canadian securities research


Michael Best Creates AI-Focused C-Suite Role | The American Lawyer

Jul 26, 2023 7:00 pm /? The American Lawyer

Among the first law firms to adopt an AI-focused C-suite role, Michael Best & Friedrich LLP has named Sarah Alt as the firm's first chief process and AI officer, as artificial intelligence grows as a focus for firms and clients.


A Welcome Boon Or a Dreaded Replacement? Paralegals Split on Generative AI | Legaltech News

Jul 25, 2023 4:43 pm /?Legaltech News

While some paralegals are excited about low level tasks being taken over by generative AI, others are worried about the impact on their billable hours—or the stability of their roles within law firms.


Law Firms Should Leverage AI for SEO and Content Creation

Jul 25, 2023 2:52 pm /? JD Supra

Few things have disrupted the digital landscape in the ways that artificial intelligence will. AI-powered technology is quickly becoming one of the most powerful tools in a digital marketer’s...


From cost savings to AI adoption: How law firms are outsourcing support roles - Thomson Reuters Institute

Jul 25, 2023 10:54 am /? Thomson Reuters Institute

As law firms look to increase efficiency and lower costs, they are increasingly exploring outsourcing of support staff roles as a key option.


The Future Is Now: The rise of AI-powered legal assistants

Jul 24, 2023 11:21 am /? ABA Journal

Unless you’re hiding under a rock, you’ve undoubtedly heard about generative AI tools like ChatGPT. The potential efficiency gains these tools offer legal professionals are mind-boggling—and possibly career-changing. If predictions are correct, many aspects of legal work will be impacted by generative AI, and some functions may even be replaced in the years to come.


A.I. has to clear 3 big hurdles before it takes over the C-suite

Jul 24, 2023 9:32 am /?Geoff Colvin

Roles like CEO might fall into the category of "nostalgic jobs" in which people want to see a human face.


The Promise and Peril of Artificial Intelligence in Patent Law

Jul 23, 2023 7:00 pm /?Lexology

As in virtually all walks of life these days, artificial intelligence is making its way through the legal industry — patent law included. In some…


Synthetic data: real world legal issues

Jul 22, 2023 7:00 pm /?Lexology

By 2024, it is predicted that 60% of data used to train artificial intelligence systems globally will be synthetic: i.e. Artificially-generated data…


Trying to Keep Up – The FCA’s Regulatory Approach to Big Tech and Artificial Intelligence

Jul 21, 2023 9:39 pm /?JD Supra

Background On 12 July 2023 Nikhil Rathi, the CEO of the UK’s Financial Conduct Authority (“FCA”), delivered a speech on the FCA’s regulatory approach to Big Tech and Artificial Intelligence...




REPLAY

Inflection Point: The Legal AI Revolution – Part 1

The full replay is now available OnDemand.?

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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

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