Generative AI: A guide for corporate legal departments
The potential of Generative AI in legal has captured the imagination of many, and with the emergence of large language models, the legal industry has almost certainly reached its long-awaited tipping point toward transformative change.
What does the future hold for Generative AI and legal services?
The potential of Generative AI in legal has captured the imagination in ways unmatched in other professional services. Given its heavy reliance on precedent and legislation, and the prevalence of text generation and review as its core tasks, legal work is particularly susceptible to AI application.
While most industries and corporate functions have already undergone substantial technology-driven transformation, legal has remained relatively untouched due to the unstructured nature of legal data and the continued reliance on expert professionals. With the emergence of large language models which underpin Generative AI, the legal industry has almost certainly reached its long-awaited tipping point toward transformative change.
Generative AI will be pervasive to the core of what legal services are today. So much so that we believe it has the capability not merely to automate tasks but to disrupt the entire foundations of the legal market.
Within this guide we take a deeper look into what is Generative AI, the range of opportunities this technology offers corporate legal departments, where to begin, and the impact on legal service providers.