AI Brings Promise and Peril to the Legal Profession
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AI presents both opportunities and threats for the legal profession - it could automate tasks but also drastically reduce jobs. However, some argue lawyer accountability is more important than the specific tech used.
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AI tools can help lawyers be more efficient by quickly analyzing documents, finding precedents, and generating documents. But these tools also risk propagating biases and inaccuracies if not vetted.
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Major software companies like Microsoft and LexisNexis are releasing AI products aimed at lawyers. Law firms are testing these along with more general AI tools like ChatGPT.
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Some legal AI startups use combinations of proprietary and third-party AI to provide services directly to the public, aiming to democratize legal help. But they face challenges around regulation.
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AI is already extensively used by corporations that lawyers may litigate against, so some argue it can "level the playing field" by empowering individuals. But policing AI usage and ethics is complex.