Extract from Petera Pasternak’s article “5 GenAI Takeaways From Leading Minds at Everlaw Summit”
It’s still early days in the GenAI revolution. And there is as much trepidation and confusion as enthusiasm about what tomorrow brings.
Will generative AI wipe out half the legal profession? Could it kill the billable hour? Might it make lawyers happier?
These sentiments were on display at Everlaw Summit ‘23 as speakers and guests dove into how the newest LLMs work, ways to introduce AI (responsibly) in the workplace, and the potential risks and rewards for the legal industry. Audiences also heard the latest on AI-influenced training for young lawyers, ways to use the same billable time to make clients happier, and staying relevant in careers against increasingly competent robots.
Over the course of the three-day conference, plenty of positive themes shined through. Like this one, summarized by Ironclad Chief Community Officer Mary O’Carroll:
“GenAI isn’t about eliminating people,” O’Carroll said. “It’s about empowering people.”
GenAI Will Take a Diverse Village to Deploy
Given its potential to transform legal practice and free attorneys to focus on higher-level investigation and litigation strategies, GenAI is not just another piece of technology. Powerful, broadly accessible, but also layered with potential risk, it calls for a multidimensional approach.
