Unveiling the power of generative AI: the key implications for legal … – The Global Legal Post
In-house lawyers should start exploring how generative AI can support their roles, writes independent consultant and business lawyer Greg Stern
Generative AI apps such as ChatGPT can be used to summarise judicial opinions and legal trends Shutterstock
There have been considerable technological advancements in legal departments in recent years and AI is being hailed as the next step forward on this front. With 78% of companies reporting that technology is now a must-have for in-house legal departments, is AI another area that is worth the investment?
Many have questioned if generative AI (GenAI) is just a fancy, computerised parrot that has been trained to mimic the way humans write and has unlimited access to information that is available online. If so, what is the big deal? What could it do for you or your law department, and what legal considerations are there when your clients inevitably begin using it?
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