Recent advancements in large language models (LLMs) have already transformed how the legal industry perceives its workflows, and the next big question on everyone’s mind is whether their abilities to generate legal content such as contracts, arguments, research and more will turn out to be the cherry on top that truly revolutionizes the field. As with any emerging technology, there are concerns about the privacy, accuracy and reliability of these tools. This article breaks down how large language models and generative AI work, how they can be safely implemented in your law firm, and the promise it holds for the future of legal practice.
The Potential of Generative Models
Generative models, a subset of machine learning, have the capacity to create new, original data based on patterns they learn from existing data. For law firms and legal departments, these models can streamline a multitude of tasks, such as document automation, analysis and research, and even provide basic legal…
