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Navigating AI in law
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August - Volume 2
Check Out the Latest LegalTech News!
Below is a rundown of all the important things happening in the legaltech sector. |
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So, lawyers aren't using AI?
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Yesterday while I was doom scrolling through LinkedIn, I came across a recent survey conducted by LinkedIn on 16,000 professionals that revealed that lawyers are a profession that is least likely to use AI at work. Only doing a little bit better than the military. People in the comment section, a lot of whom were lawyers, weren't surprised. They gave reasons like:
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Lawyers With AI Skills Earn A 49% Wage Boost
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You'll be happy to hear that research undertaken by the finance firm PWC has revealed that lawyers with AI skills could earn 49% more on average than their non-AI-skilled US counterparts. In the UK the number is slightly lower, but still significantly high.
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AI Legal Tools Caught Hallucinating Again!
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You will be shocked to hear that between 17%- 33% of the time AI legal research tools offered by LexisNexis and Thomson Reuters (Westlaw) hallucinate. These new shocking stats come from research that Stanford University recently conducted. These figures wouldn't be astonishing with the number of AI research tools on the market, but these are just the figures of two of the most established law software companies.
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AI Course/Certification for Lawyers
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Attention to all lawyers and legal professionals looking for a great AI foundation that won't break the bank. There are very few courses out there, most of them are not very good, and the best ones will have you selling your home to be able to afford them. To accommodate everyone, I've covered a range of different courses, and have pointed out what you have to look out for.
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Lets work together
If you are a law firm or solo practitioner that wants to get into contact with some of the legaltech companies we cover, then drop us an email. We notoriously don't charge any money for helping lawyers.
If you are working on a legaltech product that you want us to share on our platforms let us know. Yours in LegalTech
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Important updates in our community |
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Best AI Drafting Tool for Lawyers
Watch AllDrafts in action. |
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Automate contract drafting/Bulk Contract Creation
Watch this tutorial on automating contract drafting/form filling/document creation. |
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New Tutorial: AI Case Summary Tool for Lawyers and Law Students
With descrybe.ai, you can instantly search through 2 million judicial opinions, spanning 28 states (including the recent additions of New York and Florida). Our unique summarization and search process utilizes generative AI to surface and scan relevant opinions, significantly reducing your research time. |
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