AI
Assessing the Accuracy and Quality of Answers from Your Legal AI Tool
This article was written by Simon Weierman, Senior Director, Segment Management at LexisNexis. Lawyers must rely on the accuracy and quality of their legal research when providing counsel to clients, drafting business agreements or writing legal documents for submission to the court. Inaccurate or non-responsive results from a search of legal databases can lead a lawyer down the wrong path, jeopardizing their legal...
Generative AI: Why Lawyers Need Complete Transparency
Generative artificial intelligence (AI) is revolutionising the nature of legal work , from legal research to drafting to document management, from repetitive daily tasks to five-year strategies. In fact, this rapidly growing technology is transforming every element of legal work – and that transformation has only just begun. But generative AI systems can prove elusive . Too many platforms are obscure and opaque, providing...
Legal professionals, AI, and the prevention of bias
Generative artificial intelligence (AI) is the most important tech innovation of the past decade. The tech promises drastic boosts in productivity, huge increase for the economy, and a revolution in the nature of work. Law firms and lawyers are increasingly turning to the tech, finding solutions to problems and streamlining their work. But reaping rewards of the tech depends not on using any generative AI system, but...
Rise of the AI-enabled lawyer
This is the second article in the series Future-proofing your firm for growth. The legal profession has seen a gradual but significant transformation for several years. From increasing efficiencies and reducing the amount of unbillable time to becoming more client-centric, law firms have slowly yet steadily moved towards adopting newer and more data-driven techniques to shape firm growth. Responsibly embracing AI...
Legal professionals and the real-world impacts of AI
Lawyers are aware of the potential of artificial intelligence (AI). In a recent LexisNexis report, Generative AI and the future of the legal profession , 95% of legal professionals said that generative AI would have a notable impact on law. Most lawyers recognised the potentially adverse effects of AI, too, with 90% suggesting they had concerns about negative outcomes. That’s why an understanding of the real-world impact...
The Growing Influence of Generative AI on the Legal Industry: What Lawyers Need to Know
Few technologies have generated as much hype across the legal industry as Generative AI. Open AI’s ChatGPT, Google’s Bard, and a host of new solutions being developed on Large Language Models (LLMs) are making waves across the world. To put that into context, ChatGPT acquired 100 million users in a little over 2 months – making it the fastest growing consumer software application ever. To put ChatGPT’s success into perspective...
Legal AI vs ChatGPT: What’s The Difference?
The commercial launch of ChatGPT in November 2022 touched off a global frenzy of excitement — and consternation — about the new technology known as generative artificial intelligence (AI). We all learned quickly that generative AI tools represent an entirely new area of innovation because this technology is designed to actually create new content in the form of images, text, audio and more. Since the introduction of...
Building the future of legal services with legal AI
In an episode of the Legal Talk podcast, Greg Dickason , our Managing Director, LexisNexis ® Asia & Pacific, and Claire Linwood, Local Product Lead at LexisNexis Asia & Pacific, unpacked some of the key issues that decision makers in law and legal operations grapple with as they build the AI-powered futures of their organisations. This blog post touches on just a few of the issues discussed. To listen to the full episode...
How To Write Effective Legal AI Prompts
Authored by Jake Nelson, Senior Product Manager at LexisNexis Now that lawyers have had time to experiment with generative artificial intelligence (Gen AI) tools and see the breakthrough capabilities of this technology for themselves, they are settling in to think about some of the specific use cases. The most frequently cited applications of Gen AI include conducting legal research and legal drafting according to our...
Responsible AI: 5 principles practiced at LexisNexis
Legal technology is here and it's here to stay. In fact, the legal industry reported more awareness than the general public of the increasing power of tools like ChatGPT—the powerful generative AI tool that sparked a global revolution across many industries. A LexisNexis survey completed in the US in March 2023 showed 86% of American lawyers reporting awareness of Gen AI (as compared to 57% of the public) and 51% planning...
AI for Growth: Harnessing the Power of Large Language Models in the Legal Industry
Authored by Greg Dickason, Managing Director Asia-Pacific, LexisNexis Evolution of Large Language Models There’s no doubt that AI is here. The surge in interest that has arisen from the introduction of new generative tools like ChatGPT or Google’s Bard is unlike anything we’ve seen for a long time. But the truth is that AI has been here for years – and even the Large Language Models that are now causing such excitement...