Generative AI and new legal tech to take industry by storm with new innovation and opportunities

Artificial intelligence is becoming a go-to tool in all businesses, and its inclusion in the legal industry has already begun through the development of legal tech. The changes are already apparent as legal tech can support an increase in the volume of legal work. Regulatory bodies are also leveraging the new technology for enforcement, which in turn, is increasing a company’s risk profile and exposure, fuelling a greater demand for legal services. Al Hounsell, Director ‒ Strategic Innovation and Legal Design, recently spoke with Canadian Lawyer on the topic: “What we've experienced so far is just a drop in the bucket.” As he explains, AI can be a game changer but its implementation must be accompanied by a structured plan to prevent any issues during the adoption curve. Firms need to have a clear plan of how to prioritize their business sectors to make it successful. To find out more, read the full article here.