Before the holidays, I wrote an article for the ILTA blog on eight things corporate legal should know about generative AI. Here are some highlights.
The article is titled Generative AI: Eight Things Every Corporate Legal Department Needs to Know and it’s available here. Let’s face it, as a corporate legal professional, you may be “all in” on generative AI and ways to apply it to your job. Or you may be a skeptic and you’re not sure that it’s ready for prime time. Most people are a bit of both, and for good reason. For every story about GenAI doing amazing things (like being better than doctors at diagnosing illnesses), there’s one about it doing confounding things (like yet another case of a lawyer including GenAI created fake case citations in a court filing), or downright scary things (like telling a student to “please die”). Yikes!
Nonetheless, generative AI already provides several proven benefits to legal teams and it’s only going to get better. How do you maximize the great things it does and minimize the risks it could bring to your legal team and the company as a whole? I wrote about eight things your team needs to know about using and applying GenAI to maximize success, here’s one of them:
It Has to Add Value, Otherwise Why Do It?
In your exuberance to deploy generative AI, your legal team should still ensure that GenAI initiatives align with broader organizational objectives, such as improving efficiency, reducing costs, or enhancing risk management, while identifying high-impact use cases that can deliver the most value. Automating routine tasks like contract drafting, streamlining legal research, enhancing compliance monitoring, optimizing eDiscovery processes, or supporting policy development are the “why” you consider using GenAI in the first place. Focus on strategic priorities like these to maximize the benefits of GenAI while ensuring its integration supports overall business goals.
So, what are the other seven of eight things corporate legal should know about generative AI (at least in my humble opinion, anyway)? Find out here, it’s only one click! You can count on me! 🤣
So, what do you think? Where does your organization stand in adopting generative AI? Please share any comments you might have or if you’d like to know more about a particular topic.
Disclaimer: The views represented herein are exclusively the views of the authors and speakers themselves, and do not necessarily represent the views held by my employer, my partners or my clients. eDiscovery Today is made available solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Today should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.
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