AI in law, consulting and professional services

Mata v. Avianca, Inc. is a cautionary tale where a New York lawyer used ChatGPT to help with a brief resulting in it providing him with fictitious case law. Resulting in worldwide stories concerning the dangers of relying on generative AI. As well as the lawyer being admonished by opposing counsel,the judge and being fined.

AI has become increasingly common across professional services firms over the past decade, in law, a large number of AI tools have been created to complete the less glamorous tasks of reviewing contracts, analysing case law, or undertaking due diligence in M&A matters.

Although existing codes of conduct should cover most uses of AI, constant review is necessary; staff might need to be reminded not to use client information without the express consent of the client.

Source: ft.com


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