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Inflection Point: The Legal AI Revolution

Inflection Point: The Legal AI Revolution

信息服务

Exploring the Implications of the Exponential Maturity of AI Tools for the Business and Practice of Law

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The legal profession has long been characterized as one that is resistant to change, deeply rooted in traditional practices, and placing a strong emphasis on the domain-specific expertise of its practitioners. However, the exponential maturity of AI tools has resulted in a significant paradigm shift in the legal landscape. The potential for AI tools (like Chat GPT and other LLMs or “Large Language Models”) to improve productivity, efficiency, and quality—if not completely transform the practice of law by automating historically tedious tasks—has made a significant impression upon the legal world and beyond. Indeed, the potential for AI to fundamentally transform the way in which legal work is conducted and law firms operate is now being recognized with increasing vigor. From legal research to document review and analysis to predictive analytics – AI-powered tools have the capacity to become a force multiplier in law practice, enabling lawyers to quickly and more accurately analyze large volumes of legal data and documents, identify key information within contracts and clauses and even help to highlight conflicts or non-compliance issues to mitigate risk, negotiate better terms, and largely manage client relationships more effectively. Are we at an inflection point with respect to the way legal work is done and delivered? How will changes in the legal market resulting from AI automation affect our business models and client expectations? And how might we adapt our service offerings to meet the evolving needs of our clients where many routine tasks are likely to be automated? And if we pause for a moment, shouldn’t we consider all that we might be leaving behind in terms of experience and know-how, by automating rote tasks?

网站
https://www.insidepractice.com/the-legal-ai-revolution
所属行业
信息服务
规模
2-10 人
总部
Chicago

动态

  • Inflection Point: The Legal AI Revolution转发了

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    2,996 位关注者

    As #AI continues to reshape the legal profession, #KM stands at the crossroads of technological innovation and strategic evolution. On?5th December, join your peers for?KM / UK: Redefining Legal Knowledge Management, a one-day program in London designed to equip UK legal professionals with the tools, insights, and frameworks needed to navigate this rapidly evolving landscape: + Developing Winning KM Strategies for Enhanced Legal Process and Reduced Risk to Enterprise + #KnowledgeManagers as #AI Leaders and Teachers:?Assessing the AI journey so far and the KM leadership ahead + What’s the KM secret sauce:?Process, Structure and #Data + Leveraging Data to Drive #Strategic Decision-Making in Law Firms + Building a Knowledge-Driven #Culture:?Strategies, Stakeholders, and Success + Rolling Out AI in Legal KM:?Strategies, Challenges and Training + #KnowledgeManagement in Action:?Insights, Strategies, and Real-World Experiences The future of ever great technology driven knowledge management is here—will you be ready? KM / UK?takes place in London on December 5th. For more information and to confirm your place: https://lnkd.in/g7vdGEeX

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  • Inflection Point: The Legal AI Revolution转发了

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    CEO // Inside Practice

    Legal AI Governance - 12th September - London More: https://lnkd.in/gkUhkd4p

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    2,996 位关注者

    It's critical at this point in time to understand what the rise of AI means for the legal profession; how we practice, ensure compliance, and maintain ethical standards. Join us to examine AI's pivotal role, focusing on governance, regulation, and litigation. Legal AI Governance (https://lnkd.in/gDgD6Vut), taking place 12th September, in London, will?provide a comprehensive platform to discuss the rapidly evolving governance landscape surrounding AI in legal profession. Featuring Lisa Webley (University of Birmingham), Jessica Clay (Kingsley Napley), Michael Charles Borrelli (AI & Partners), Matt Hervey (Gowling WLG), Roch Glowacki (Lewis Silkin), Matthew Lavy KC (4 Pump Court), Dan Rhodes (Granicus) and more, Legal AI Governance will cover topics including: + Understanding Ethics and AI Governance:?Mitigating Risk + Legal Ethics Meets AI: How Firms Should Chart a Path to Improved Governance + Implementing AI and Overcoming Internal Organizational Inertia + AI and IP:?Protection and Enforcement Issues + De-Risking Your AI Service Contracts + Managing and De-Risking AI in a Complex Legal World + Delivering AI Across the Company: Guidance for In-House Counsel Join leading experts, thought leaders, and fellow legal professionals at Legal AI Governance to explore the challenges and opportunities facing the UK legal profession. Legal AI Governance, in London,?12th September. Space is limited:?All past programs have SOLD OUT early Secure?your spot today: https://lnkd.in/gDgD6Vut Early Bird Registration: Confirm?your place by August 21st?and save £200?on your registration. Use the discount code?LAGEB200?when placing your order.

    • Legal AI Governance
  • Inflection Point: The Legal AI Revolution转发了

    查看Inside Practice的组织主页

    2,996 位关注者

    It's critical at this point in time to understand what the rise of AI means for the legal profession; how we practice, ensure compliance, and maintain ethical standards. Join us to examine AI's pivotal role, focusing on governance, regulation, and litigation. Legal AI Governance (https://lnkd.in/gDgD6Vut), taking place 12th September, in London, will?provide a comprehensive platform to discuss the rapidly evolving governance landscape surrounding AI in legal profession. Featuring Lisa Webley (University of Birmingham), Jessica Clay (Kingsley Napley), Michael Charles Borrelli (AI & Partners), Matt Hervey (Gowling WLG), Roch Glowacki (Lewis Silkin), Matthew Lavy KC (4 Pump Court), Dan Rhodes (Granicus) and more, Legal AI Governance will cover topics including: + Understanding Ethics and AI Governance:?Mitigating Risk + Legal Ethics Meets AI: How Firms Should Chart a Path to Improved Governance + Implementing AI and Overcoming Internal Organizational Inertia + AI and IP:?Protection and Enforcement Issues + De-Risking Your AI Service Contracts + Managing and De-Risking AI in a Complex Legal World + Delivering AI Across the Company: Guidance for In-House Counsel Join leading experts, thought leaders, and fellow legal professionals at Legal AI Governance to explore the challenges and opportunities facing the UK legal profession. Legal AI Governance, in London,?12th September. Space is limited:?All past programs have SOLD OUT early Secure?your spot today: https://lnkd.in/gDgD6Vut Early Bird Registration: Confirm?your place by August 21st?and save £200?on your registration. Use the discount code?LAGEB200?when placing your order.

    • Legal AI Governance
  • Inflection Point: The Legal AI Revolution转发了

    查看Inside Practice的组织主页

    2,996 位关注者

    Join us at LEGAL?AI?taking place again at the New York City office of?Simpson Thacher & Bartlett LLP?on November 20-21, 2024, as we bring together an exclusive gathering of law firm leaders, lawyers, and industry professionals to explore the transformative potential of AI in the legal sector. This year’s?LEGAL?AI?will feature dynamic keynote presentations, interactive panel discussions, and innovative firm/solution spotlight sessions. Key themes and discussion topics for LEGAL?AI?include: + Advanced AI adoption strategies tailored for legal practices + Enhancing data strategy and analytics capabilities + Navigating ethical and regulatory landscapes in AI implementation + Talent acquisition, training, and development in an AI-driven environment + Competitive advantages and new business models enabled by AI technologies This peer-to-peer forum is an ideal platform for law firms to share progress, experience, observations, and experimentation in an intimate setting as we collectively grapple with the development of strategic roadmaps that will help guide proper investment, education, and deployment of emerging AI tools and tech. Space is limited All past programs have SOLD OUT early?Secure?your spot today. More information - https://lnkd.in/geCj8rTd

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