Generative AI

If 2023 was the year that introduced most legal professionals to the emerging world of generative artificial intelligence (Gen AI) technology, then 2024 is likely to be the year when law firms roll up their sleeves and figure out how to adapt their operations to take advantage of the benefits of Gen AI.

“Things are moving very quickly, so managing partners at law firms and C-suite executives at corporations need to really stay abreast of what’s going on in this space right now,” said Sean Fitzpatrick, CEO of LexisNexis North America, UK and Ireland, in comments during a recent Wall Street Journal event for law firm managing partners.

Fitzpatrick identified three specific steps that law firm leaders should be taking now to prepare for the more widespread adoption of Legal AI — Gen AI tools trained for the legal profession — that is underway: