In 2023, the legal world is started to experience a revolution with the advent of commercially available generative artificial intelligence (AI) tools. These tools, powered by advanced models such as Open AI’s ChatGPT-3, significantly increased in sophistication and capability, thereby taking the legal world by storm. Although the current models have their limitations, the technology is quickly evolving, and the implications for the legal profession will be massive.
The article examines some of the significant developments in generative AI, including their potential applications and the risks that come with their use.
The generative AI is transforming the legal industry, including legal drafting, law firm marketing, recommending law firms, and assisting judges in drafting court rulings.
However, some of the challenges that come with generative AI is that the accuracy and reliability of some of the generative AI models are still in question, and their use raises concerns about copyright protection and legal inaccuracies. Furthermore, students may use generative AI programs like ChatGPT-3 to cheat in exams, which is a growing concern in law schools worldwide.
The exponential growth in the sophistication and capability of generative AI tools is poised to transform the legal industry in ways never before imagined. The potential applications of this technology and the risks that come with their use. It is essential that the legal industry continues to monitor these developments and strikes a balance between the benefits of generative AI and the potential legal risks.