Below is an excerpt from 2024: The State of Generative AI in the Enterprise — from Menlo Ventures

  • Legal: Historically resistant to tech, the legal industry ($350 million in enterprise AI spend) is now embracing generative AI to manage massive amounts of unstructured data and automate complex, pattern-based workflows. The field broadly divides into litigation and transactional law, with numerous subspecialties. Rooted in litigation, Everlaw* focuses on legal holds, e-discovery, and trial preparation, while Harvey and Spellbook are advancing AI in transactional law with solutions for contract review, legal research, and M&A. Specific practice areas are also targeted AI innovations: EvenUp focuses on injury law, Garden on patents and intellectual property, Manifest on immigration and employment law, while Eve* is re-inventing plaintiff casework from client intake to resolution.

Excerpt from Brainyacts #250 (from 11/22/24) — from the Leveraging Generative AI in Client Interviews section

Here’s what the article from Forbes said:

  • CodeSignal, an AI tech company, has launched Conversation Practice, an AI-driven platform to help learners practice critical workplace communication and soft skills.
  • Conversation Practice uses multiple AI models and a natural spoken interface to simulate real-world scenarios and provide feedback.
  • The goal is to address the challenge of developing conversational skills through iterative practice, without the awkwardness of peer role-play.

What I learned about this software changed my perception about how I can prepare in the future for client meetings. Here’s what I’ve taken away from the potential use of this software in a legal practice setting:

Why Technology-Driven Law Firms Are Poised For Long-Term Success — from forbes.com by Daniel Farrar

I see the shift to cloud-based digital systems, especially for small and midsized law firms, as evening the playing field by providing access to robust tools that can aid legal services. Here are some examples of how legal professionals are leveraging tech every day:

    • Cloud-based case management solutions. These help enhance productivity through collaboration tools and automated workflows while keeping data secure.
    • E-discovery tools. These tools manage vast amounts of data and help speed up litigation processes.
    • Artificial intelligence. AI has helped automate tasks for legal professionals including for case management, research, contract review and predictive analytics.