It’s nothing you haven’t read before but if you want to take a quick look here is the intro..
Suppliers of legal technology are focusing on the development of generative artificial intelligence products, as lawyers increasingly appreciate how these could change their working lives. Like their clients, legal-tech providers sense a high level of disruption is under way. The would-be pioneers range from the Big Four professional services firms to information providers LexisNexis and Thomson Reuters, and to managed legal service providers and tech vendors. “The timeline is now,” says Sandeep Agrawal, lead partner for the legal technology business at PwC UK. He reports an urgency among tech providers in vying to offer new generative AI tools to their lawyer clients — and in forming new partnerships in pursuit of that goal. For example, PwC UK in March announced a deal with Harvey — a venture supported by a fund run by OpenAI, the Microsoft-backed start-up — to develop a generative AI platform for the legal sector. Almost every facet of the legal services industry appears ripe for change, thanks to generative AI’s ability to search, synthesise, refashion, and represent information very fast — often within seconds. Generative AI raises a big question from a regulatory perspective of who and what is permitted to practise law David Wong, Thomson Reuters Generative AI tools can be used for many laborious lawyerly tasks, such as comparing contracts for key clauses, which would fast-track negotiations, says Simon Harper, founder of managed legal-services company LOD. Other uses of generative AI, he adds, include ensuring compliance with billing guidelines, or rewriting complex regulations in layperson vernacular. In 2021, LOD paired with legal tech consultancy Syke in order to jointly provide fuller advice and new tools to clients.
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https://www.ft.com/content/47b2ae8a-f83f-4a76-afb6-6b91abfbc17d
