OasisLMS

Speakers: Vince DiMascio, PwC Partner, Technology & Transformation and Ryan Schick, Principal, Attorney at Law, Activate Law

1. The Impact of AI on the Legal Profession
   1. AI has the potential to be highly disruptive in the legal sector
   2. Generative AI models being applied to support knowledge work today
      1. Drafting
         1. Summarization, clause generation, and text analytics to enhance efficiency and reduce manual effort of legal professionals and support staff
      2. Summary, Extraction, Analysis
         1. Extract information from complex legal texts quickly
         2. Enhanced decision-making and risk assessment due to AI models identifying critical clauses, obligations, and insights across large data sets
      3. Research and Information Retrieval
         1. Enhance legal research with querying of case law, statutes, and regulatory policies
         2. Leverage existing legal knowledge to surface relevant precedents, improve due diligence, and streamline compliance issues
   3. Automation Trends & Implications
      1. Legal is among the top sectors exposed to AI-driven automation
      2. One-Fourth of Current Work Tasks Could be Automated by AI in the US and Europe
      3. Substantial investments are being made into legal AI tools, resulting in significant potential for disruption of the legal function
      4. Necessity to be proactive in setting strategy on the role Gen AI will play
         1. Dramatic Impact on Cornerstones of Sector (Operations, Pricing, Productivity, Workforce shape and size, Use of Technology)
         2. Critical Questions will need to be Considered
         3. Big Decisions to Make for your Firm/Business
            1. Strategic Alignment
            2. Pace of Adoption
            3. Areas to Prioritize
            4. Sustainable Tech Solutions Partner

            5. Level of Investment

2. Gen AI Use Cases in the Business and Practice of Law
   1. Productivity Improvements
   2. Novel Service Offerings and Client Engagement Transformation

   3. Streamlining Legal Operations

3. Tools & Agents
   1. Gen AI Models: Public to Bespoke Solutions
   2. Generative AI Modes of Implementation
   3. Challenges and Approaches for Lawyers
   4. Legal Sector AI Solutions & Demos
   5. Shifts in Legal Technology Procurement
      1. In House Development
      2. Short Term Licensing

      3. Changes in the Evaluation Process

Evaluation of Legal Gen AI Tools and Mapping Priorities

1.0 Credit CLE