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Legal Industry Surveys
In January of 2024, LexisNexis® surveyed 266 executives, partners, and other senior leaders from large law firms and Fortune 1000 legal departments to better understand the business impact of generative AI technology on the legal industry.
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This report provides insights into the awareness, usage, impact, potential, and ethical considerations surrounding generative AI (GAI), as well as how it may impact the relationships between counsel and their clients and the education of new lawyers.
In May and June 2024, LexisNexis conducted a comprehensive survey, exploring the perspectives of over 200 legal professionals in Hong Kong SAR in relation to this exciting new age for the industry.
To download a copy of the report, click the link below.
To download a copy of the report, click the link below.
Further Readings & Insight
Rolling in the deepfakes: Generative AI, privacy and regulation
The emergence of deepfakes is reshaping the legal landscape, raising critical questions about privacy, security, and regulation. In our latest whitepaper, Rolling in the Deepfakes: Generative AI, Privacy and Regulation, we delve into these issues to provide you with insightful analysis.
Harnessing the Power of AI in the Legal Landscape
From immediate opportunities to long-term impact, Harnessing the Power of AI in the Legal Landscape explores the full spectrum of AI's influence on the legal profession. It explores best practices for working with AI in the next 12 months, anticipates the impact of AI on the legal profession in the next 5 years, and addresses the challenges and trends that lawyers should be aware of.
Generative AI, the Bar, and overcoming hallucinations
This whitepaper delves into the ethical implications of hallucinations generated by AI, specifically within the legal field. It explores the potential dangers of relying on inaccurate information and how it can negatively impact a barrister's reputation and practice.
Should law firms disclose the use of generative AI?
In this article, we delve into the need for transparency, explore the varying degrees of disclosure, and offer guidance on how law firms can responsibly and sensibly communicate their usage of generative AI tools to clients. |
ARTIFICIAL INTELLIGENCE GLOSSARY This AI glossary has been designed to help legal professionals navigate common AI terms with confidence. It provides straightforward explanations of key concepts – including large language models, machine learning, and natural language processing – and relates those concepts to legal practice where possible. This glossary is a living document. As the technological landscape develops, we will continue to refresh and update it. Download Now Key Words: Agentic AI, API, Automation bias, ChatGPT, Cloud computing, Cognitive bias, Data science, Explainable AI (XAI), Generative AI, Machine learning, Multi-modal, Natural language processing (NLP), Prompt engineering, Responsible AI, Retrieval-augmented generation (RAG) |
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