Legal Flashcards
Legal tech start ups
Casetext (software named CoCounsel, works with latest version of ChatGPT) and Harvey.
Ironclad’s “AI assist”. For redlining contracts
AI takes over some legal work. What will be the focus of lawyers?
The impact, Mr. Allgrove said, will be to force everyone in the profession, from paralegals to $1,000-an-hour partners, to move up the skills ladder to stay ahead of the technology. The work of humans, he said, will increasingly be to focus on developing industry expertise, exercising judgment in complex legal matters, and offering strategic guidance and building trusted relationships with clients.
How much legal work can be automated?
One new study, by researchers at Princeton University, the University of Pennsylvania and New York University, concluded that the industry most exposed to the new A.I. was “legal services.” Another research report, by economists at Goldman Sachs, estimated that 44 percent of legal work could be automated. Only the work of office and administrative support jobs, at 46 percent, was higher.
Difficult for AI
Open questions like what is the most valuable evidence or who is the most credible witness
Invisible reputation (also mentioned in Sapiens)
These are examples of how your ‘invisible reputation’ follows you. I read that term on a post by Steven Bartlett, a judge on UK TV Show Dragon’s Den. (US version = Shark Tank.) With all three examples above, I might argue that both the positive and negative opinions were debatable, and based on little information. But they are incredibly important since they inform what people think you are good and bad at, whether people want to work with you, how they treat you.
The reputation is ‘invisible’ because it consists of things that people would not typically say to your face, write down, or put in your annual performance review. It isn’t provable with data. But, people in organisations and communities can’t and don’t rely only on what is provable or officially recognised. That would be too slow, and not rich enough a picture. Many authors and academics have recognised the power, importance, and enjoyment that gossip holds. In Sapiens, Yuval Harari argues it is critical for the survival of humankind.
