Extract from Justin Smith’s article “5 Things Legal Organizations Are Doing to Prepare for Generative AI”
While there’s been a lot of noise surrounding generative AI and its potential to transform the legal industry, there hasn’t been as much space dedicated toward the real, actionable ways legal teams are preparing to implement it into their practice.
The 2024 Ediscovery Innovation Report, recently released by Everlaw and ACEDS, highlighted many of the ways in which legal professionals are thinking about generative AI, and demonstrated how adoption rates are rising rapidly. This was especially clear among those with their ediscovery software deployed on the cloud, as they’re often known as innovators in the legal technology space.
Here are some further insights from the report, along with how those advanced legal organizations are preparing for the generative AI future.
Start with a Foundation
Many leading organizations are already taking steps to prepare for the generative AI era. According to the report, 74% are implementing a generative AI policy, which is a crucial step in building a foundation for generative AI adoption.
A cohesive policy can help guide employees in their use of generative AI, and serve as a point of reference when going through the vendor selection process.
