[Market Trends] How AI Impacts the Practice of Law | IBM Technology
📌 AI in Law: Boosting Efficiency, Preserving Humanity
This video discusses the impact of artificial intelligence (AI), particularly generative AI and large language models, on the practice of law. The speaker emphasizes the overwhelming amount of information lawyers deal with, from client cases to statutes and regulations. Generative AI aids in efficiently gathering facts, conducting legal research, analyzing laws and facts, and drafting documents, making the legal process more efficient. However, the importance of human judgment and ethical considerations in using AI tools is stressed, as AI cannot replace the critical role of lawyers. The video highlights the need for lawyers to review and refine AI-generated documents and remain vigilant about privacy and ethical obligations.