Generative Artificial Intelligence: Benefits and Risks for Law Firms

Generative Artificial Intelligence: Benefits and Risks for Law Firms

Chicago, IL, February 09, 2024 – (PR.com) – The Association of Legal Administrators (ALA) has released its latest report on Artificial Intelligence and its impact on the legal industry. The paper titled “Generative Artificial Intelligence: Benefits and Risks for Law Firms” provides readers with a basic, non-technical and informative discussion of AI and the concepts of generative artificial intelligence (GEN-AI). It examines the relationship between ethics and the rapidly (and sometimes unchecked) world of GEN-AI, outlining the benefits and risks of this powerful technology as it relates to law firms.“This paper explains how AI and generative AI can benefit law firms and identifies issues that leaders in the legal industry should consider when using these technologies. In the near term, more firms will pursue approaches to incorporating the use of AI to gain competitive advantage and efficiencies in review Analyze legal documents and complete a number of time-consuming tasks., M.D. Def. As this paper explains, AI is not intended to replace humans; instead, it will reduce the overall time to get things done and help companies serve their customers. Better.

Authors Albert J. Marcella Jr., Ph.D., CISA, SISM, president of Business Automation Consultants, LLC, and Gary Renz, JD, PhD, associate faculty for engineering and science education, compiled research in 2023 regarding artificial intelligence and GEN-AI in particular, Like Open AI’s ChatGPT and DALL-E.

The white paper also discusses the benefits, risks, and ethical issues relevant to law firms using GEN-AI in their activities, including:

· Types of artificial intelligence and GEN-AI.
· How GEN-AI collects and processes data to make informed decisions.

Readers will also delve into various key activities and examples of current products and technology available to assist in conducting legal research, drafting litigation-related documents, researching intellectual property rights, drafting events, and contract analysis. It even has the ability to train legal administrative assistants. Discover the benefits and explore the ethical side of AI in ALA’s new whitepaper.

Read the full whitepaper as a downloadable PDF.

About the Association of Legal Administrators (ALA)
ALA is the leading professional association connecting leaders and managers in the legal industry. We provide extensive professional development, collaborative peer communities, strategic operational solutions, and business partner connections to empower our members to lead the work of law. For more information about ALA, visit alanet.org.

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