Legal Industry Discussions
Baker McKenzie Builds on AI Foundation, Crafting Tools to Help Lawyers Work ‘Better, Smarter’
Law.com December, 2024 (subscription required)
Summary: Like other law firms, Baker McKenzie has been harnessing the power of artificial intelligence to improve processes, streamline work and enhance opportunities over the past handful of years, and the global firm is excited about the future of AI and its various applications as 2025 approaches.
The firm formally launched its AI program around 2017, with cloud migration—the process of moving data, applications and infrastructure to the cloud—serving as the initial spark, according to Ben Allgrove, chief innovation officer and a partner in the intellectual property, data and technology group. Since then, the firm has built its own machine learning practice and is now diving into the second phase of its AI journey, building an expanded team focused on generative AI.
“One of the narratives, the false narratives in the market, is that law firms don’t use AI,” Allgrove said. “That’s just not true.”
Generative AI Prompting for Lawyers
Reuters, Practical Law, August 2024
Summary: Counsel using generative AI (GenAI) based on large language models (LLMs) should learn best practices for effective prompting to help streamline legal tasks and processes and mitigate the potential risks associated with the use of GenAI tools.
Minnesota State Bar Takes Big Step Toward Launching Gen AI Regulatory Sandbox
Law.com, August, 2024 (subscription required)
Summary: Those leading the effort, which could also propose changes to the state’s unauthorized practice of law regulation, are optimistic Minnesota can become the second U.S. state to launch a regulatory sandbox.
Big Law Firms, Seeking ‘Seat at the Table,’ Join AI Safety Consortium
Legal Tech News, June, 2024
Summary: Several large firms are participating in a data sharing space for AI stakeholders in hopes of turning guidelines “into real guardrails” for clients.
As a government-backed initiative, AISIC is housed under the National Institute of Standards and Technology (NIST). The consortium calls upon experts from the member groups to develop standards surrounding AI policy and safety. The consortium is also tasked with analyzing the capabilities and risks of next-generation AI systems.
Since the U.S. Commerce Department announced the consortium’s founding in February, more than 200 members have joined from various industries.
From Our Podcast:
On Record PR – The Impact of Legal Technology on International Law with Sneha Ashtikar-Roy, the Head of Marketing at Jus Mundi
On Record PR – The Impact of Artificial Intelligence on Law with Chris Garrod, Director of Insurance and Technology at Conyers Dill & Pearman
On Record PR – How Lawyers Can Prepare for the Future of AI in Legal with Bert Kaminski, Director of Legal for Google Cloud
On Record PR – Navigating the Risks and Benefits of Artificial Intelligence in the Legal Industry – Furia Rubel Communications, Inc.