A year in review: How AI transformed the legal profession in 2023

Artificial intelligence (AI) has impacted various industries in 2023, including healthcare, finance, manufacturing, education, and customer service. In the legal sector, President Joe Biden’s Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence outlines guidelines for AI development and use in the United States, presenting both opportunities and challenges for legal professionals. The integration of AI into business operations requires a strategic and mindful approach, acknowledging both its benefits and limitations. The text also provides a timeline of events showing how generative AI shaped the legal profession in 2023, including the adoption of legal tech tools that incorporate generative AI, rising demand for prompt engineers and AI specialists, and the legal industry’s focus on education about generative AI. Thomson Reuters is investing heavily in generative AI for the legal and tax sectors to transform the future of professionals.

Source:Thompson Reuters



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