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How dominant is the buzz in the legal industry about the rise of Generative Artificial Intelligence (Gen AI) in 2024? When Law360 Pulse interviewed some of the leading legal tech experts about 8 Bold Legal Technology Predictions For 2024, all eight of them were predictions regarding the adoption of AI.
Of course, the emergence of Gen AI tools in the legal industry will be felt in different ways by different users and experienced to various degrees through various applications. But there is broad agreement on the specific use case for legal Gen AI that is likely to have the greatest impact on the practice of law.
Two in three lawyers (65%) believe the greatest potential use of Gen AI technology will be as a new tool for conducting legal research, closely followed by drafting documents, according to our 2023 International Legal Generative AI Report.
Lexis+ AITM is our breakthrough legal Gen AI platform that we believe will transform legal work through a suite of legal research, drafting, and summarization tools that deliver on the potential of Gen AI technology.
I had the privilege of speaking recently with Above The Law about how we developed this new platform, enabling legal professionals to deliver faster and better outcomes for their clients. Here are five key takeaways from the article, “Inside Lexis+ AI: LexisNexis’ Latest Research Tool” that make Lexis+ AI stand out:
Our work with extractive AI laid the foundation for our work with Gen AI products and features. Lexis+ AI leverages the strong foundation we have in extractive AI to feed these large language models with the best possible information. Better information means better and more reliable generative outputs, regardless of your research or drafting task.
Asking a legal question in Lexis+ AI feels more like engaging with a colleague than a more traditional research process. Just like a knowledgeable colleague, Lexis+ AI will frequently prompt users for clarifying information when necessary to return better and more helpful responses.
A lot of drafting depends on style, tone and the nuance that makes you unique as a legal professional. Lexis+ AI drafts a variety of legal documents and portions of documents, including legal arguments, memoranda, letters, emails and clauses, then is able to revise tone and respond to a host of different follow-up prompts. This includes prompting Lexis+ AI to summarize changes throughout the iterative drafting process.
Lexis+ AI’s “summarize a case” capability provides succinct, accurate overviews of specific cases. Summaries include key legal holdings, a list of relevant material facts, controlling law, the rationale of the court and the outcome of each case. Lexis+ AI will first look to see whether we’ve had an editor write a summary on the case in question but, if one doesn’t currently exist, we’re now able to generate them on the fly.
Maintaining a high degree of security and privacy when using Gen AI products is of paramount importance, clueing when using Lexis+ AI’s ability to answer legal questions or provide a summary based on a document uploaded by the user. We build all products at LexisNexis — including Lexis+ AI — with privacy and security in mind, and we recognize the imperative of maintaining attorney-client privilege.
Lexis+ AI pairs our unsurpassed legal content with breakthrough Gen AI technology in a way that could redefine the way that legal research is conducted and legal work product is created. Its answers are grounded in the world’s largest repository of accurate and exclusive legal content from LexisNexis with industry-leading data security and attention to privacy.
In the weeks to come, I will unpack some of the specific Gen AI use cases in the legal industry and will share some practical insights for how legal professionals can leverage the power of these tools to improve their work efficiency and client outcomes.
To learn more about Lexis+ AI latest news and updates in legal AI, join the Lexis+ AI Insider Program or to request a free trial.