What are the security risks of bring your own AI?

The report also includes interviews with legal professionals, who give their opinions on how AI is reshaping their industry. Lawyers and legal technology providers should plan for a future that eliminates the risks of bias and inaccuracy. “For lawyers who consider themselves driven by evidence and data, that’s an important learning. The survey organisers once again invite contributions from the global legal profession to measure trends in the use of AI in law firms and in-house legal departments.

It is here that data governance remains key and should be considered an essential element of any development process when deploying generative AI tools. However, nearly 80% of those using GenAI are bringing their own AI to work, and the percentage increases slightly when focusing on small businesses. It is worth noting that this adoption is not just by younger users, who are typically more likely to embrace new technology, but by users of all ages. One of the most prominent applications of AI in the legal field, is in legal research and document review. Historically, legal research was a time-consuming and labour-intensive task, requiring Lawyers to sift through volumes of case laws, statutes, and regulations.

• Thomson Reuters report, ‘Tech, AI and the Law 2024’ provides a nuanced perspective on the integration of gen AI within the legal profession.
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• This episode provides a rare glimpse into the day-to-day challenges and rewards of managing a high-performing law firm that prioritizes client satisfaction and operational excellence.
• The generative AI tools that are typically being used by professionals are those found on smartphones (such as Galaxy AI) or on the internet (such as ChatGPT).

The authors estimate that the survey will take approximately 20 minutes to complete and will be open until 15 November 2024. The system will be trained using data from medical records and other information provided by patients and healthcare professionals via a mobile app. Sala says the platform will “analyse all factors related to the pathology, the patient and their environment”.

The role of a legal professional is one that involves strategy, creativity and persuasion. Hence, even when using the most advanced AI systems, the function of a legal practitioner remains akin to humans. The advent of generative AI (gen AI) for legal professionals is much more than just a tech transition. It gives businesses the opportunity to completely transform their ways of working.

The Challenge of AI Adoption in the Legal Space

For example, AI can be used to assess the likely outcome of a legal case based on historical case law, helping Lawyers and clients make informed decisions about litigation strategies and settlement negotiations. Tools like Lex Machina and Ravel Law use machine learning to analyse legal data, and predict case outcomes and legal strategies. Based on the data from these tools, Lawyers are able to make informed decisions for litigation. Other tools like CARA by Casetext help Judges evaluate briefs and aid in drafting rulings. The AI can pinpoint relevant information that makes the decision-making process more efficient.

There are unique opportunities and distinct challenges that AI brings for each one of these groups. However, 95% believe allowing AI to make a final decision or represent a client in court is a step too far. “As we know with technology, as it gets more commoditised, the price is going to come down, which means AI is going to be more mainstream across the board and you’ve got more choice about what model to use,” concludes Armstrong-Smith. “I think for a lot of companies, and where you will certainly see Microsoft focusing, is on this concept of agentic generative AI,” says Henderson.

In addition, there has been inadequacies in the application of AI in legal practice. AI aims to build a system that can perform legal reasoning and due diligence, mirroring the thought process of a human Lawyer. However, AI models when put to the test can only create legal documents that appear correct on the surface but lack the underlying legal understanding.

These platforms can provide Lawyers with relevant case law, statutes, and legal commentary, significantly reducing the time and effort required for research. These reforms seek to improve legal education, streamline court procedures, and enhance the overall efficiency and effectiveness of the legal practice in Nigeria. When you bring technologies like gen AI to the work of legal professionals, trust is paramount. Today, trust exists in the industry based on the provision of accurate, expert legal advice by highly trained professionals supplemented by reliably sourced content and technology. Legal professionals want to use gen AI to spend less time on administrative tasks and focus more time on challenging, rewarding work. Almost all legal professionals (99%) agree using AI to help with basic admin tasks is ethically acceptable.

Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria , the Federal Capital Territory and around the world. The newspaper is a public trust dedicated to the pursuit of truth and reason covering a range of issues from breaking news to politics, business, the markets, the arts, sports and community to the crossroads of people and society. History has shown that when technology displaces jobs in one area, it creates jobs in other areas. An example is the development of ATMs which increased bank teller jobs because banks could open more branches.

Is generative AI replacing the need for lawyers?

Any use of AI must be accompanied by robust safeguards to ensure that it is applied fairly, with transparency and accountability, particularly in the justice system. SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australia’s entrepreneurs, small and medium business owners and business managers. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling. It could boost annual productivity by 1.5%, driving $7 trillion in added economic value over the next decade.

Predictive analytics can also be applied to determine the likelihood of a legal dispute arising, enabling businesses to take preventive measures. This report will help readers understand how AI is reshaping the legal industry. It includes an analysis of the impact of AI on productivity, efficiency, and spending while also considering the potential negative implications of the technology.

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prepare for today and anticipate opportunities for future success. Few industries are more ripe for creative disruption than healthcare, which consumes huge sums of public and private funding while still battling to meet demand from growing and ageing populations around the world. The Law Society is there to support all its members, whether they work in a large firm, a small practice or are in-house counsel.

Nineteen companies proved themselves to be highly valuable in supporting the legal profession across Australia and New Zealand. For Service Provider Awardee Fovea IP, a big part of this support is integrating novel tech like AI into legal operations. Despite the “huge potential for automation, it [this area] is not where the funding is, and it’s also not where the attention is” in the health field. Their answers are sent to the cloud to be analysed by AI and, if they suggest a reason for concern, patients are be asked to attend an appointment.

In 2022, the World Economic Forum predicted 58 million jobs to be created by automation. This principle is at work in the legal profession today, AI has created new legal positions like AI legal knowledge engineers, teachers, etc. Hence, despite the rising dependence of AI, humans remain indispensable to the practice of law. For example, Imperial College Health Partners in the UK — which brings together NHS providers, universities and industry across north-west London — sees a big role for the technology in delivering health innovations using real-world evidence. Its chief executive, Axel Heitmueller, says AI systems already allow MRI and CAT body scans, and X-rays, to be read “perhaps more consistently than humans can”. As a result, artificial intelligence is increasingly becoming a force to be reckoned with in the medical field.

Pierson Ferdinand’s New Partner Talks Startup’s IP Risks, Deepfake Regulation and More

But, as in many industries, its full potential is only now starting to emerge, and uncertainty remains about exactly how AI can best be harnessed to deliver better, more efficient care — and improve the experiences of patients and healthcare staff. You can foun additiona information about ai customer service and artificial intelligence and NLP. The Chopin Law Firm LLC, based in New Orleans, offers clients over 100 years of combined legal experience. Specializing in personal injury, maritime law, and commercial litigation, the firm brings deep expertise to every case, ensuring top-tier representation.

• Hence, even when using the most advanced AI systems, the function of a legal practitioner remains akin to humans.
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• “We have annual budgeting [so] any savings are taken away from you if you achieve success .
• Almost all legal professionals (99%) agree using AI to help with basic admin tasks is ethically acceptable.

This innovation is sparing patients unnecessary trips and also helping the environment, Sala points out, by reducing the carbon footprint. She adds that AI has also begun to show its mettle in the field of rare diseases, pointing to a platform that has arrived at diagnoses even doctors have been unable to make after being fed information about patients’ symptoms and medical histories. The resulting information “will provide reliable guidance for clinicians, patients and caregivers to help personalise treatment as much as possible and prevent risks and complications”. However, while the technology is already contributing to the earlier detection of time-sensitive conditions, it is not yet “making people faster at what they do”, he cautions. With AI increasingly embedded in legal products and services, the importance of its ethical and responsible use is more important than ever.

What are the security risks of bring your own AI?

More ambitiously, AI is helping to determine when patients need a follow-up visit. Sala cites a chatbot named Lola, also developed at Vall d’Hebron with two ChatGPT App companies, AstraZeneca and Tucuvi. At the same time, AI is helping to make interactions between healthcare teams and patients easier and more productive.

This episode provides a rare glimpse into the day-to-day challenges and rewards of managing a high-performing law firm that prioritizes client satisfaction and operational excellence. This means that although automated processes can be put in place for routine tasks, the accountability for results must still reside with humans. The human-created training data used by AI systems can embed various social or other biases. AI systems learning from such data might reproduce the biases, resulting in harmful AI-driven decisions. As such, an awareness programme promoting the generative AI tool would educate users on the tool’s accessibility and functionality.

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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The myth that AI technology operates the same way as the human brain is yet to be rebutted is the root of these concerns. A major concern with AI, is the fear that it would take over jobs or roles currently filled by humans. This concern is largely because, people are not completely enlightened about technology.

In the landmark case of Zubulake v UBS Warburg, LLC, 220 F.R.D. 212 (S.D.N.Y. 2003), the US court emphasised the importance of electronic document preservation and production. The case highlighted the need for effective and efficient eDiscovery processes, which AI-powered tools can facilitate. ai in legal profession Automation tools like Legal AI, Chat GPT, HotDocs by leveraging AI and machine learning, provide templates, suggest language based on inputs, and even generate entire documents. These AI-driven management tools are redefining how legal professionals handle their caseloads.

In the law of defamation, for example, Google analytics can track the extent of a publication made on Google. It also contains several metrics that indicate how these users are engaging with the content. Section 8 of the extant law provides that a Statement is not defamatory unless its publication has caused serious harm or is likely to cause serious harm to the reputation of the ChatGPT claimant. Meanwhile, Altitude Recruitment, which to date has recorded back-to-back wins at the Service Provider Awards, focuses more on relationship building. Service Provider Virtuoso concentrates on helping clients to get the jump on tech issues before they happen. Service Provider Awardee Chisholm Clarke sees the legal recruitment space as a “constantly evolving” market.

World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. If a significant proportion of employees are routinely relying on external applications, then there is demonstratively a need for that digital tool. To ascertain the most appropriate generative AI solution, it is best to identify the use cases. That way, the most appropriate tool can be deployed to meet the needs of employees and to seamlessly fit into their existing workflow.

Thomson Reuters report, ‘Tech, AI and the Law 2024’ provides a nuanced perspective on the integration of gen AI within the legal profession. The findings reveal an overwhelming 95% of Australian private practice legal professionals believe that while AI is no substitute for thorough legal work, it does serve as a powerful accelerator. This article explores the transformative potential of gen AI in legal practice, while critically examining its limitations and the irreplaceable value of human expertise in delivering nuanced, high-quality legal services.

And, a further 83% of legal professionals are comfortable using AI for research and analysis tasks. This points to the overall excitement to use AI to better manage workloads, avoid drudge work, and accelerate both the speed and quality of outcomes for their clients. Although generative AI is a new technology, which could mitigate mundane and time-consuming tasks, data protection continues to remain a key concern.

Yet, as businesses navigate the complexities of AI adoption, the balance between getting the most out of technology and maintaining the integrity of expert-driven work remains a critical consideration. Whether you’re a legal professional, a business owner, or simply interested in the intersection of technology and law, this episode offers valuable perspectives on managing a modern law firm in a competitive market. The discussion also covers why continuous innovation is critical for standing out and making a meaningful impact in the legal industry.

In the UK’s NHS public healthcare system, at least, there may be little incentive to improve this aspect of operations, he acknowledges. “We have annual budgeting [so] any savings are taken away from you if you achieve success . And so, therefore, it doesn’t make a big difference whether AI has anything to offer.” But integrated care systems in the US, for example, could benefit from the technology, he suggests. We do not accept any responsibility or liability

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article. If you have any complaints or copyright issues related to this article, kindly contact the author above. Nick shares behind-the-scenes insights into creating scalable systems that maintain balance between effective operations and nurturing client relationships.

Contract analysis tools can review and extract key terms and clauses from legal contracts, making it easier for Lawyers to assess contract risks, obligations, and opportunities. Moreover, AI can help automate the contract management process, ensuring compliance with contract terms and deadlines. By using AI to handle routine contract-related tasks, legal professionals can allocate more of their time to strategic and complex legal matters. Some common contract review AI tools for Lawyers are Lawgeex, Ironclad, Spellbook, Harvey, Kira, Linksquares, Onit.