Security, trust and quality key to genAI and full cloud adoption – find out more with Elite
Generative AI was the hottest of topics last year, and law firms of all stripes are taking notice — especially since so many clients are starting to ask about it. While it’s exciting to see such openness to the potential of genAI, the proof is still in the pudding and it’s important to understand the potential legal use cases to get the most out of it, as with any automation tool. No wonder there’s a sense in some quarters that it may take time to get right. Lessons will be learnt from early adopters, but firms will not want to fall too far behind.
One major issue to be thrashed out is how the value created via genAI should be monetised. When it takes less time to deliver work, but the standard stays the same or improves, there are commercial implications for both law firms and their clients. Increasingly, the quality of outputs is likely to become more important than the time spent producing them when it comes to perceived value.
Another key consideration is that accuracy, data protection, trust and oversight are always front of mind in the law. GenAI solutions must not only deliver the required functionality, but be designed with a responsible, ethical approach, and kept in check by human supervision, with robust safeguards in place to ensure sensitive information is only used securely, in compliance with regulations.
Read more on Briefing https://mag.briefing.co.uk/2024/02/27/sponed-frontiers24-elite/content.html
