A View into the Generative AI Legal Landscape 2024 — from law.stanford.edu by Megan Ma, Aparna Sinha,  Ankit Tandon, & Jennifer Richards

Excerpt (emphasis DSC):

Some key observations and highlights:

  1. Emerging technical solutions are addressing the main challenges of using Generative AI in legal applications, such as lack of consistency and accuracy, limited explainability, privacy concerns, and difficulty in obtaining and training models on legal domain data.
  2. Structural impediments in the legal industry, such as the billable hour, lack of standardization, vendor dependence, and incumbent control, moderate the success of generative AI startups.
  3. Our defined “client-facing” LegalTech market is segmented into three broad lines of work: Research and Analysis, Document Review and Drafting, and Litigation. We view the total LegalTech market in the United States to be estimated at ~$13B in 2023, with litigation being the largest category.
  4. LegalTech incumbents play a significant role in the adoption of generative AI technologies, often opting for market consolidation through partnerships or acquisitions rather than building solutions organically.
  5. Future evolution in LegalTech may involve specialization in areas such as patent and IP, immigration, insurance, and regulatory compliance. There is also potential for productivity tools and access to legal services, although the latter faces structural challenges related to the Unauthorized Practice of Law (UPL).

Fresh Voices on Legal Tech with Tessa Manuello — from legaltalknetwork.com by Dennis Kennedy and Tom Mighell

EPISODE NOTES
Creative thinking and design elements can help you elevate your legal practice and develop more meaningful solutions for clients. Dennis and Tom welcome Tessa Manuello to discuss her insights on legal technology with a particular focus on creative design adaptations for lawyers. Tessa discusses the tech learning process for attorneys and explains how a more creative approach for both learning and implementing tech can help lawyers make better use of current tools, AI included.

International Women’s Day: Kriti Sharma Calls for More Women Working in AI, LegalTech — from legalcurrent.com

In honor of International Women’s Day, Sharma discusses on LinkedIn the need for more female role models in the tech sector as AI opens up traditional career pathways and creates opportunities to welcome more women to the space.

Sharma invited Thomson Reuters female leaders working in legal technology to share their perspectives, including Rawia Ashraf, Emily Colbert, and Anu Dodda.