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Few Legal Professionals Using Or Planning to Use Generative AI So Far, LexisNexis Survey Finds

Above the Law - Technology

Understanding new legal concepts, 31%. Conducting due diligence, 12%. Across the board, legal professionals express concern with the ethical implications of generative AI on the practice of law. Of those who had used them, nearly half, 48%, say they had used them for legal advice or assistance.

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ChatGPT and the legal industry… according to ChatGPT

CEE Legal Tech

One is by providing automated legal research and document generation, which can save time and improve accuracy. Another is by using natural language processing to analyze legal documents and extract relevant information, which can be useful for contract review and due diligence.

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Is There an AI Tool to Create Legal Documents?

Lawmatics

Due diligence. Besides the uses mentioned above, other potential uses of legal AI being discussed include: Is there an AI for legal advice? Yes, AI-powered platforms and applications, often called legal virtual assistants or legal chatbots, provide legal advice and guidance.

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How do we build ethical Artificial Intelligence (AI)?

Legal Tech Innovation Wales

She made an interesting comparison of legal sector with the entertainment industry by saying - ‘ while a wrong movie recommendation by Netflix might only cause annoyance to users, a wrong piece of legal advice might result in changing the course of a person’s life.’

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Few Legal Professionals Using Or Planning to Use Generative AI So Far, LexisNexis Survey Finds

Legal Tech Monitor

Understanding new legal concepts, 31%. Conducting due diligence, 12%. Across the board, legal professionals express concern with the ethical implications of generative AI on the practice of law. Of those who had used them, nearly half, 48%, say they had used them for legal advice or assistance.

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Legal AI Tools

Lawmatics

Consequently, legal professionals should carefully review the terms of use and features of each tool to determine their suitability for specific needs. Q: Is there any way to get free AI legal advice?

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Lawyers with AI Skills Can Earn Nearly 49% More, Research Reveals

MatterSuite

This significant wage differential underscores the value placed on technological proficiency in the legal field. For example, lawyers adept at using AI for predictive analytics, contract analysis, and due diligence are in high demand.

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