Generative AI has enabled us to break legal information into smaller parts, empowering us to reshape the legal industry. It is essential to decide whether we will only utilise this technology to save time here and there or use it to make significant changes to the legal sector.
Will we use LLMs to transform the legal industry entirely, or will we only use them to aid us with minor tasks? If we choose the latter, we risk sustaining a system that is inefficient and opaque.
It is important to note that the demand side of the legal industry is often apathetic towards this system, as the buy and sell sides of the commercial legal world are not truly dynamic.
To make a conceptual leap as to how the legal sector could operate, we must use generative AI to redesign entire practice streams and create new models for legal productivity.
This would help us maximise this impressive technology and create a genuinely dynamic market for legal services. Although there may be challenges along the way, we must take action now to make the most of this opportunity and drive change in the legal sector.
Currently, generative AI is being adopted by larger law firms and significant in-house legal teams. However, it is generally ad hoc rather than a team-based, process-planned approach.
We must ask ourselves what we are creating, how we can enhance it utilising the new techniques at our disposal, and how we can develop reusable models and designed pathways to drive efficiency and reduce input costs.
Although small steps are better than no steps at all, we need to take a more systematic approach to deconstructing how we operate and making fundamental changes to the legal industry.
Source: Artificial Lawyer
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