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Generative AI: ready to take the plunge?

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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

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NEWS
Artificial intelligence may be revolutionising the law, but its misuse could wreck cases and careers, warns Clare Arthurs of Penningtons Manches Cooper in this week's NLJ
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
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