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Roula Khalaf, publisher of the FT, selects her favorite stories in this weekly newsletter.
They consume great content treatment, cost a package to train and graft -having a good time passing time. Younger lawyers have much in common with generative artificial intelligence. Galling, then, for the first to face the payment stasi: the slaughter and the May ice cream Its salaries at £ 150,000 for now, while more expenses are launched in Ai.
Wait for the machines to continue to make more workload. Despite Fusty image, lawyers have been deploying technology for almost a century: Dictafons in the 1950’s and two decades later Ubiq reddish red This allowed the search for jurisprudence without resorting to libraries.
Today, technology is corrected to do it with documents, carry out due diligence, summarize cases and even write -in simple ones. Can deal with issues such as transport or litigation; One of the newest law firms in England uses and to prepare – The “educated” debt chasing letters for only £ 2.
Not all is just a thick job. Lexisnexis’s Lex Machina – There is no relation to this column: it helps to predict the result of cases of litigation based on the past behavior of the courts, lawyers and judges. A & O Shearman’s Ai antimonopoly tool The work on which jurisdictions require the regulatory files to be submitted and what information they will need before writing the necessary applications for missing data.
A few years, all this, all this may seem as picturesque as the Dictafon. The promoters of the AI see that the lagoons are connected to the Constitution, emphasizing the possible legal actions: You think that the pursuers of well -informed ambulances are in a breach of copyright, or even acting as a judge. The parts provide their grievances, the model spits a resolution.
For now, the case of junior lawyers is maintained. Finance is stacked. Time billing rates vary greatly, but assumes £ 600 at £ 700 in a Magic Circle company. Application of the end of less than 1,500 turnable hours leaves your salary several times to be inclined to the members’ pot.
Today’s young people are also senior tomorrow: succession planning is based on a young blood intake. Reports generated by something still need human supervision; It usually involves at least a certain degree of modification. Panglossian’s vision on AI also applies to the law: if it is easier to launch cases, more people will, thus expanding the cake.
But there is a more fundamental role for humans. Ai, with tentacles in all business areas and society, requires its own rules book. It is a massive company, ethics that covers, intellectual property, privacy and more. Legal Bigwigs in outbreaks still have a case.