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☆ AI could become a lawyer's greatest help in the courtroom
  + stars: | 2024-06-20 | by ( Matthew S. Smith | ) www.businessinsider.com   time to read: +8 min
Courtesy of Danielle BeneckeA lawyer's copilotFounded in 1949, Baker McKenzie has over 6,500 lawyers working in 70 offices worldwide. The firm's work building generative AI to produce legal draft advice for high-volume employment-law questions recently won an award from Law.com. Courtesy of Jake HellerAI won't replace lawyersThere's another fear likely to push lawyers toward AI: other lawyers. Lawyers might also turn to AI to address a force meant to tame AI: regulation. "I think in three to five years, not using AI for legal work will be tantamount to refusing to use online search for legal work today," Ziniti said.
Persons: Michael Cohen, Donald Trump, Cohen, isn't, Danielle Benecke, Baker McKenzie, Benecke, Cecilia Ziniti, It's, copilot, Ziniti, Cecilia Ziniti Ziniti, CoCounsel, CoCounsel isn't, Jake Heller, Thomson, Heller, they'd, it's Organizations: Google, Law.com, Federal Trade Commission, Microsoft, AI's, IBM, CoCounsel, Thomson Reuters, Times, American Bar Association
☆ Legal AI race draws more investors as law firms line up
  + stars: | 2023-04-26 | by ( Sara Merken | Thomson Reuters | Sara Merken Reports On Privacy | ) www.reuters.com   time to read: +3 min
April 26 (Reuters) - With more and more lawyers at major law firms using fast-advancing generative artificial intelligence tools, legal AI startup Harvey said Wednesday that it raised $21 million in fresh investor cash. Sequoia Capital, which is leading the Series A fundraising round, said more than 15,000 law firms are on a waiting list to start using Harvey. The company says it builds custom large language models for law firms. Technology companies and investors have rushed to embrace large language model-based generative AI since Microsoft-backed OpenAI's ChatGPT debuted in November. Casetext in March released its AI legal assistant product, CoCounsel, which uses GPT-4 to speed up tasks like legal research, contract analysis and document review.
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