header-logo header-logo

Generative AI: ready to take the plunge?

132280
Firms wondering whether to dip their toes into the world of generative AI will first need to prepare themselves: Alex Smith sets out key considerations to bear in mind before leaping in
  • Generative AI preparedness for law firms should always start with an assessment of the firm’s information architecture.
  • Firms should give their lawyers the chance to experiment in order to uncover specific use cases.

Promise or peril? That is the question swirling around generative artificial intelligence (AI)—particularly among law firms, who are wondering whether they should dip their toes into these waters or not.

On the one hand, generative AI holds out the promise of unlocking exciting new ways of tackling legal workflows. However, there are very real security and risk issues that need to be mitigated upfront before law firms can confidently take the plunge with generative AI, as well as significant groundwork that needs to be laid to effectively use it.

Given the high stakes, how can firms

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Foot Anstey—Jasmine Olomolaiye

Foot Anstey—Jasmine Olomolaiye

Investigations and corporate crime expert joins as partner

Fieldfisher—Mark Shaw

Fieldfisher—Mark Shaw

Veteran funds specialist joins investment funds team

Taylor Wessing—Stephen Whitfield

Taylor Wessing—Stephen Whitfield

Firm enhances competition practice with London partner hire

NEWS
Could an online LLM in Commercial and Technology Law expand your career options?
The controversial Courts and Tribunals Bill has passed its second reading by 304 votes to 203, despite concerted opposition from the legal profession
The presumption of parental involvement is to be abolished, the Lord Chancellor David Lammy has confirmed
A highly experienced chartered legal executive has been prevented from representing her client in financial remedies proceedings, in a case that highlights the continued fallout from Mazur
Plans to commandeer 50%-75% of the interest on lawyers’ client accounts to fund the justice system overlook the cost and administrative burden of this on small and medium law firms, CILEX has warned
back-to-top-scroll