Core issues that the AI regulations seek to address Safety and security. Responsible innovation and development. Equity and unlawful discrimination. Protection of privacy and civil liberties.
AI-generated legal briefs reduce formatting errors and human mistakes. However, AI tools can sometimes "hallucinate" information and generate citations that human lawyers must carefully check. This risk is lower in contract drafting because these tools focus on preset guidelines and criteria.
ChatGPT can be a valuable starting drafting legal documents IF you keep in mind that all information and analysis must be verified, just like any other information you find on the internet or anywhere else.
One of the most common ways AI is used in law is during the electronic discovery (e-Discovery) process. During e-Discovery, lawyers identify and organize electronically stored information (ESI) in response to a request for production in a lawsuit or investigation.
Accuracy: AI excels in accuracy and thoroughness when creating legal documents like contracts. AI-generated legal briefs reduce formatting errors and human mistakes. However, AI tools can sometimes "hallucinate" information and generate citations that human lawyers must carefully check.
AI-generated content isn't protected by U.S. copyright laws.
Legal professionals are increasingly using both generative AI and large language models (LLMs) to generate legal communications and documents such as contracts, leases, and wills, as well as to conduct legal research.
AI can dramatically increase the speed at which legal research can be done, allowing lawyers to streamline the process of preparing for cases. AI can also assist in drafting legal briefs, reviewing legal documents and analyzing contracts.
“AI can help analyze and execute final contracts, but it won't do the full job,” said Lavan. “The technology is not at a point where it can handle these tasks unassisted. You still ultimately need a legal professional to review the final contract and ensure it's absolutely correct.”