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Few Legal Professionals Using Or Planning to Use Generative AI So Far, LexisNexis Survey Finds

Above the Law - Technology

Understanding new legal concepts, 31%. Conducting due diligence, 12%. Across the board, legal professionals express concern with the ethical implications of generative AI on the practice of law. Of those who had used them, nearly half, 48%, say they had used them for legal advice or assistance.

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Legal AI Tools

Lawmatics

Consequently, legal professionals should carefully review the terms of use and features of each tool to determine their suitability for specific needs. Q: Is there any way to get free AI legal advice?

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Is There an AI Tool to Create Legal Documents?

Lawmatics

Due diligence. Besides the uses mentioned above, other potential uses of legal AI being discussed include: Is there an AI for legal advice? Yes, AI-powered platforms and applications, often called legal virtual assistants or legal chatbots, provide legal advice and guidance.

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Few Legal Professionals Using Or Planning to Use Generative AI So Far, LexisNexis Survey Finds

Legal Tech Monitor

Understanding new legal concepts, 31%. Conducting due diligence, 12%. Across the board, legal professionals express concern with the ethical implications of generative AI on the practice of law. Of those who had used them, nearly half, 48%, say they had used them for legal advice or assistance.

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How do we build ethical Artificial Intelligence (AI)?

Legal Tech Innovation Wales

She made an interesting comparison of legal sector with the entertainment industry by saying - ‘ while a wrong movie recommendation by Netflix might only cause annoyance to users, a wrong piece of legal advice might result in changing the course of a person’s life.’

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Johannes Scholtes: AI Is Finally Here. Now the Hard Work Begins for the Legal Industry (TGIR Ep. 191)

3 Geeks and a Law Blog

Marlene Gebauer 12:06 So Jan, you’ve written about how AI can be used to improve the due diligence process for m&a deals. So, you know, there’s a lot of AI tools out there for m&a due diligence right now. So how do you see AI tools, sort of improving the due diligence process for attorneys?

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NLP Text Summarisation in the Legal Sector

Legal Tech Innovation Wales

With an ever-growing pile of cases and long hours, who would have the time to peruse the latest court decisions or comb through documents for due diligence purposes? Now if this tool is used by people for understanding complex legal theories by using text summarisation, there is no guarantee for it producing accurate results.