Before the volcano erupts, smart lawyers may want to think twice about investing too heavily in AI or thinking it’s a panacea for all problems – by Stephen Embry and Melissa Rogozinsk. All four parts of this series are available via links on each part of this series.
It’s time for lawyers and legal professionals to follow the money to assess the risks of AI. By Stephen Embry and Melissa Rogozinski.
Stephen Embry and Melissa Rogo Rogozinski identify the multiple risk factors involved in the increasing usage of AI in the legal sector, including infrastructure gaps between chip capacity, demand for energy sources and building new data centers, as well as vendor dependencies, promises and deliverables. This four part series is available on LLRX.
Stephen Embry and Melissa Rogozinski challenge the assumption fueling the explosion of AI use in legal is that it will save gobs of time. These savings will inure to the benefit of lawyers and clients, will lead to fairer methods of billing like alternative fee structures, will get better results, improve access to justice, and lead to ‘world peace’. Well, maybe even the vendors would not go so far as to guarantee the last one. But vendors do seem to be guaranteeing everything but that. And pundits talk as if AI will transform legal from the ground up. Law firms are buying into the hype, investing in expensive systems that do things they barely understand. See also Part I of their article here.