{"id":94134,"date":"2025-01-07T17:54:13","date_gmt":"2025-01-07T22:54:13","guid":{"rendered":"https:\/\/danielschristian.com\/learning-ecosystems\/?p=94134"},"modified":"2025-01-07T17:54:13","modified_gmt":"2025-01-07T22:54:13","slug":"how-generative-ai-is-shaping-the-future-of-law-ramanathan-other-legaltech-related-items","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2025\/01\/07\/how-generative-ai-is-shaping-the-future-of-law-ramanathan-other-legaltech-related-items\/","title":{"rendered":"&#8220;How Generative AI Is Shaping the Future of Law&#8221; [Ramanathan] + other legaltech-related items"},"content":{"rendered":"<p><a href=\"https:\/\/www.thomsonreuters.com\/en-us\/posts\/innovation\/how-generative-ai-is-shaping-the-future-of-law-challenges-and-trends-in-the-legal-profession\/\" target=\"_blank\" rel=\"noopener\"><strong>How Generative AI Is Shaping the Future of Law: Challenges and Trends in the Legal Profession<\/strong><\/a> &#8212; from thomsonreuters.com by Raghu Ramanathan<\/p>\n<p>With this mind, Thomson Reuters and Lexpert hosted a\u00a0panel\u00a0featuring law firm leaders and industry experts discussing the challenges and trends around the use of generative AI in the legal profession.?Below are insights from an engaging and informative discussion.<\/p>\n<p><strong>Sections included:<\/strong><\/p>\n<ul>\n<li>Lawyers are excited to implement generative AI solutions<\/li>\n<li>Unfounded concerns about robot lawyers<\/li>\n<li>Changing billing practices and elevating services<\/li>\n<li>Managing and mitigating risks<\/li>\n<\/ul>\n<hr \/>\n<p><a href=\"https:\/\/www.lexology.com\/library\/detail.aspx?g=ac22536a-8782-4c1b-bc0e-d920f9f57393\" target=\"_blank\" rel=\"noopener\"><strong>Adopting Legal Technology Responsibly<\/strong><\/a> &#8212; from lexology.com by Sacha Kirk<\/p>\n<p>Here are fundamental principles to guide the process:<\/p>\n<ol>\n<li>Start with a Needs Assessment&#8230;<\/li>\n<li>Engage Stakeholders Early&#8230;<\/li>\n<li>Choose Scalable Solutions&#8230;<\/li>\n<li>Prioritise Security and Compliance&#8230;<\/li>\n<li>Plan for Change Management&#8230;<\/li>\n<\/ol>\n<hr \/>\n<p><a href=\"https:\/\/abovethelaw.com\/2025\/01\/modernizing-legal-workflows-the-role-of-ai-automation-and-strategic-partnerships\/\" target=\"_blank\" rel=\"noopener\"><strong>Modernizing Legal Workflows: The Role Of AI, Automation, And Strategic Partnerships<\/strong> <\/a>&#8212; from abovethelaw.com by Scott Angelo, Jared Gullbergh, Nancy Griffing, and Michael Owen Hill<br \/>\n<em>A roadmap for law firms.\u00a0\u00a0<\/em><\/p>\n<p>Angelo added, \u201cWe really doubled down on AI because it was just so new \u2014 not just to the legal industry, but to the world.\u201d Under his leadership, Buchanan\u2019s efforts to embrace AI have garnered significant attention, earning the firm recognition as one of the \u201cBest of the Best for Generative AI\u201d in the 2024 BTI \u201cLeading Edge Law Firms\u201d survey.<\/p>\n<p>This acknowledgment reflects more than ambition; it highlights the firm\u2019s ability to translate innovative ideas into actionable results. By focusing on collaboration and leveraging technology to address client demands, Buchanan has set a benchmark for what is possible in legal technology innovation.<br \/>\n&#8230;<br \/>\nThe collective team followed these essential steps for app development:<\/p>\n<ul>\n<li>Identify and Prioritize Use Cases&#8230;<\/li>\n<li>Define App Requirements&#8230;<\/li>\n<li>Leverage Pre-Built Studio Apps and Templates&#8230;<\/li>\n<li>Incorporate AI and Automation&#8230;<\/li>\n<li>Test and Iterate&#8230;<\/li>\n<li>Deploy and Train&#8230;<\/li>\n<li>Measure Success&#8230;<\/li>\n<\/ul>\n<hr \/>\n<p><a href=\"https:\/\/www.linkedin.com\/pulse\/navigating-generative-ai-legal-practice-colin-levy-ydo1f\/\" target=\"_blank\" rel=\"noopener\"><strong>Navigating Generative AI in Legal Practice<\/strong><\/a> &#8212; from linkedin.com by Colin Levy<\/p>\n<p style=\"padding-left: 40px;\">The rise of artificial intelligence (AI), particularly generative AI, has introduced transformative potential to legal practice. For in-house counsel, managing legal risk while driving operational efficiency increasingly involves navigating AI\u2019s opportunities and challenges. While AI offers remarkable tools for automation and data-driven decision-making, it is essential to approach these tools as complementary to human judgment, not replacements. Effective AI adoption requires balancing its efficiencies with a commitment to ethical, nuanced legal practice.<\/p>\n<p style=\"padding-left: 40px;\">Here a few ways in which this arises:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Generative AI Is Shaping the Future of Law: Challenges and Trends in the Legal Profession &#8212; from thomsonreuters.com by Raghu Ramanathan With this mind, Thomson Reuters and Lexpert hosted a\u00a0panel\u00a0featuring law firm leaders and industry experts discussing the challenges and trends around the use of generative AI in the legal profession.?Below are insights from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[113,329,356,318,387,86,209,180,825,837,833,830,285,239,201,206,38,321,13,367,299],"tags":[],"class_list":["post-94134","post","type-post","status-publish","format-standard","hentry","category-21st-century","category-24x7x365-access","category-artificial-intelligence-agents-llms-and-related","category-australia","category-business","category-change","category-changing-business-models","category-innovation","category-law-schools","category-legal-operations","category-legal-reform","category-legal-technologies","category-legislation-legislatures","category-new-business-models","category-policy","category-trends","category-uk","category-united-states","category-using-teams","category-vendors","category-workplace"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/94134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=94134"}],"version-history":[{"count":8,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/94134\/revisions"}],"predecessor-version":[{"id":94164,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/94134\/revisions\/94164"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=94134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=94134"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=94134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}