Victorian Legal Services Board 2024 Risk Outlook

The Victorian Legal Services Board’s (VLSB) “2024 Risk Outlook” outlines the major risks facing Victoria’s legal sector in 2024. Cybersecurity remains a critical concern, as the Board has noted the growth of cyber attacks over the past year. Law practices are urged to implement robust security measures like multi-factor authentication and regular software updates whilst…

Law Society of Ontario provides comprehensive guidelines on the use of generative AI in legal practices

The April 2024 Futures Committee Report of the Law Society of Ontario provides comprehensive guidelines on the use of generative AI in legal practices. It emphasises the rapid evolution and integration of generative AI technologies, urging legal professionals to embrace these advancements while considering the ethical and professional implications. The report outlines the potential of…

One of the key challenges for the legal profession when considering AI is its tendency to produce inaccurate information

On 7 March, the ABA Judicial Division, in collaboration with Thomson Reuters, organised a webinar to address the challenges encountered by lawyers when using generative artificial intelligence software, such as ChatGPT, and in particular its tendency to produce inaccurate information, a phenomenon referred to as “hallucination.” The webinar covered various approaches to this problem. One…

The Law society of Hong Kong publishes an issue paper on the use of AI in the legal sector

The Law Society’s Position Paper underscores the pervasive influence of AI on society and acknowledges that it is presenting both challenges and opportunities. Urgency is emphasised, urging proactive collaboration to address challenges and harness opportunities beneficially. The paper stresses the choice between proactive engagement or passive acceptance of AI’s impact. By issuing this paper, the…

The Law Society of New South Wales to establish a taskforce to help solicitors navigate AI

The Law Society of New South Wales, under new President Brett McGrath, will establish a taskforce of legal and tech experts to aid 40,000 solicitors in navigating AI opportunities and challenges while guiding government regulations. This initiative, announced during the 2024 Law Term opening, underscores the society’s commitment to supporting the profession amid technological advancements…

What measured AI looks like in today’s legal practices

UK law firms are increasingly embracing AI, with over a quarter already utilizing some form of AI and nearly half actively exploring its integration. AI’s appeal lies in its potential to enhance efficiency, particularly in contract writing, accessing case law, and reviewing precedents. However, concerns about risks associated with AI integration exist among one-third of…

New legal tools required to mitigate the risk posed by AI

Jason Matheny, who served as President and CEO of RAND Corporation, asserted that the swift progression of artificial intelligence (AI) hastened global existential risks. During a keynote address at the 33rd Annual Review of the Field of National Security Law conference, Matheny underscored the democratization of perilous capabilities, citing the potential for a single individual…

Solicitors Regulation Authority report looks at the risks and opportunities of AI in the law

A recently published report in the Risk Outlook series sheds light on the transformative impact of artificial intelligence (AI) within the legal services sector. The document underscores potential opportunities, such as the streamlining of administrative tasks through AI, enabling firms to allocate resources more efficiently for intricate assignments. Automation, in this context, offers cost reduction…

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