Lawyers are embracing its promise. Clients want to reap its rewards. Here are three ways your firm can respond to the immense disruption and extraordinary opportunity of Generative AI.
It's really difficult to predict the future given the pace of change here. Microsoft, Netdocuments and other vendors are embedding AI into their core offerings. So if you are employed to do document review, comparisons or clause identification, then I hope you have interesting hobbies and a big fat bank account. Tech helps you do dumb things, faster. Some lawyers will embrace AI to iterate faster.
1) Since Generative AI has shown its power in many different ways, firms have seen that they need to start investing in it and using it or risk being seen as not as "up to date" as other firms.
2) AI, like any technology created by imperfect humans, is imperfect. It can learn and get better faster than a human though, right the right data, the right amount of time, and the right focus.
It's really difficult to predict the future given the pace of change here. Microsoft, Netdocuments and other vendors are embedding AI into their core offerings. So if you are employed to do document review, comparisons or clause identification, then I hope you have interesting hobbies and a big fat bank account. Tech helps you do dumb things, faster. Some lawyers will embrace AI to iterate faster.
Two thoughts on this excellent piece.
1) Since Generative AI has shown its power in many different ways, firms have seen that they need to start investing in it and using it or risk being seen as not as "up to date" as other firms.
2) AI, like any technology created by imperfect humans, is imperfect. It can learn and get better faster than a human though, right the right data, the right amount of time, and the right focus.
Thanks for the update Jordan Furlong. Very informative and insightful.