ARTICLE
8 June 2023

Many Entries In The AI Legal Market

FL
Foley & Lardner

Contributor

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
A quick Google search finds MANY new AI companies offering AI services for lawyers. These include Legal ChatGP...
United States Technology

A quick Google search finds MANY new AI companies offering AI services for lawyers. These include Legal ChatGPT (https://lawchatgpt.com/), Rally Legal (https://www.rallylegal.com/), and Spellbook Legal (https://www.spellbook.legal/). Some say they are "assisting" lawyers, other say they are doing simple legal tasks that attorneys can then review.

The AI tools available today tout that they can:

1. Improve document management,

2. Speed up legal research,

3. Streamline contract review and analysis,

4. Help with client communication, and

5. Reduce costs for due diligence and eDiscovery.

However, none of the AI tools offer aspects of legal services most valued by clients (at least not yet) including strategic counseling, negotiation, and advocacy.

Lawyers have one of the hardest, most underappreciated jobs in the world. They're not even close to being replaced by AI. But AI can certainly help them work faster and more accurately than before.

www.spellbook.legal/...

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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