As the corporate legal profession continues to evolve, a major breakthrough has recently emerged: generative artificial intelligence (AI).
Generative AI technology is revolutionizing the way legal departments work, streamlining mundane tasks and providing more efficient and cost-effective solutions. As generative AI technology creates new ways of working for corporate legal professionals, the importance of data protection and ethical considerations when using generative AI technology is growing.
The role of generative AI in shaping the future of legal work is becoming increasingly important as technology continues to advance. Generative AI technology offers a wide range of possibilities for in-house lawyers, making processes more efficient and cost-effective. It is transforming the way lawyers think about legal work and providing solutions to complex problems that were not previously available.
However, generative AI technology cannot replace humans entirely. It should be viewed as a tool that complements the work of humans by providing them with insights they wouldn’t otherwise have access to.
“We don’t view generative AI as a replacement or displacement necessarily of humans or jobs,” says Joel Hron, head of AI and Labs at Thomson Reuters. “We view humans as a critical component in the loop of generative AI,” he adds, emphasizing the importance of taking ethical considerations into account when developing generative AI tools for use in the legal profession.
Generative AI Integration
Corporate legal professionals need generative AI integration with cutting-edge products that provide sophisticated automated document review, predictive analytics, and research tools to help lawyers save time and money when doing their work.
One of Thomson Reuters’s most advanced applications is generative AI-Assisted Research on Westlaw Precision, which combines the latest in large language models with the most powerful legal search engine, WestSearch Plus, and trusted authoritative content with exclusive editorial enhancements to give lawyers relevant answers to their legal inquiries.
The innovative use of generative AI technology could transform how corporate legal departments approach legal work, making processes more efficient while opening up new possibilities for in-house counsel.
Data and Ethics in Generative AI
As the development of generative AI technology is undeniably changing the legal landscape for corporate in-house legal professionals, keeping data protection and ethical considerations top of mind when creating generative AI tools is paramount. Data protection laws provide a legal framework for the collection and use of personal data, as well as guidelines to ensure both technology providers and users handle this data responsibly. Furthermore, ethical considerations are crucial when creating algorithms that attorneys will use to make decisions with potentially life-altering consequences.
When developing generative AI technology for corporate legal professionals, organizations must consider both data protection laws and ethical issues as they craft their solutions. Transparency and explainability are necessary components for building trust in technology, while regular testing ensures accuracy and fairness in decision-making processes. And organizations must consider the potential harms of their products before deploying them into production systems; mistakes can have costly consequences if not addressed before they happen.
Learn more about how Thomson Reuters’s generative AI solutions can help revolutionize your legal department.