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Connections

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10/3/2023 3:35:41 PM | 1 minute read

Legal Geek 2023 preview: GenAI's impact on the legal industry

Big data technology and data science illustration. Data flow concept. Querying, analysing, visualizing complex information. Neural network for artificial intelligence. Data mining. Business analytics.
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Bernhard Fiedler
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Bernhard Fiedler
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As I prepare to attend this year's Legal Geek conference, I find myself eagerly anticipating the discussions surrounding GenAI, a topic that has significantly evolved since last year's event. The legal industry has been on an exciting journey of transformation, and GenAI is at the forefront of this revolution. This year, I am particularly intrigued by how the discourse has evolved and the profound impact GenAI is expected to have on the role of individuals within the legal ecosystem.

The evolution of GenAI: from promise to reality

At last year's conference, GenAI was not a topic at all, with discussions primarily centered around its potential to streamline legal processes, enhance research capabilities, and improve decision-making. However, the year that has passed has seen remarkable advancements in GenAI technology. It has moved from being a promise to a tangible reality, reshaping how legal professionals approach their work.

The role of people in a GenAI world

One of the key questions on my mind is how the introduction of GenAI will redefine the roles of individuals within the legal industry. While there may be concerns about automation replacing human jobs, I believe that GenAI will empower legal professionals rather than replace them. To name just a few, topics to look forward to include:

  • Augmented decision-making
  • Enhanced efficiency and productivity
  • Improved legal research
  • Enhanced access to justice

Key learnings anticipated at Legal Geek 2023

As I look forward to this year's Legal Geek conference, I am eager to learn and share insights about the evolving landscape of GenAI in the legal industry. Some of the key takeaways I hope to gain include:

  • Real-world use cases
  • Exploring ethical considerations
  • Strategies for human-AI collaboration
  • Adaptation and upskilling

Stay tuned, there is more to come.

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ai, genai, gen ai, legal tech, legaltech, technology, antitrust and competition, banking and finance, capital markets, climate change, corporate m&a and securities, emerging markets, employment and labor, energy, esg, ethics and anti-corruption, financial service regulation, intellectual property, litigation and disputes, privacy and cyber security, projects, real estate, regulation and investigations, restructuring, risk advisory, tax, antitrust and competition

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Bernhard Fiedler
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Bernhard Fiedler
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