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AI is now a significant part of the legal industry, and technology companies such as LexisNexis are at the forefront of this technology shift. We sat down and talked with Jeff Reihl, the Executive Vice President, and Chief Technology Officer at LexisNexis, and discussed the current state of AI and its relevance to the legal and research sector. The recent survey conducted by Lexis uncovered that 39% of lawyers, 46% of law students, and 45% of consumers agreed that generative AI tools will significantly transform the practice of law. During Reihl's sixteen years at LexisNexis he witnessed many innovations such as the nearly universal adoption of iPhone and other mobile products, cloud computing, and document automation, but the speed a acceleration around Generative AI tool like GPT 4.0, Bing, Bard, and others is causing even the big players in the legal industry to quickly adjust to the demands of the market.
Of course, Lexis is not a new player in the AI field for the legal industry. They began using tools like Google's BERT AI as early as 2018 and included AI functionality in many of their products on the backend of the resources. With the popularity of chatbot-like AI and the interaction that users are now demanding, it will require a shift in Lexis' approach going forward. One focus that Reihl stresses, however, is that unlike the public AI chat tools, Lexis' approach will take in the issues of privacy, security, citation of sources, and the ability to understand how their tools get to the results its users see. Less "black boxes" and more transparency is the goal.
Links:
Twitter: @gebauerm, or @glambert
Voicemail: 713-487-7821
Email: [email protected]
Music: Jerry David DeCicca
Transcript
4.7
2424 ratings
AI is now a significant part of the legal industry, and technology companies such as LexisNexis are at the forefront of this technology shift. We sat down and talked with Jeff Reihl, the Executive Vice President, and Chief Technology Officer at LexisNexis, and discussed the current state of AI and its relevance to the legal and research sector. The recent survey conducted by Lexis uncovered that 39% of lawyers, 46% of law students, and 45% of consumers agreed that generative AI tools will significantly transform the practice of law. During Reihl's sixteen years at LexisNexis he witnessed many innovations such as the nearly universal adoption of iPhone and other mobile products, cloud computing, and document automation, but the speed a acceleration around Generative AI tool like GPT 4.0, Bing, Bard, and others is causing even the big players in the legal industry to quickly adjust to the demands of the market.
Of course, Lexis is not a new player in the AI field for the legal industry. They began using tools like Google's BERT AI as early as 2018 and included AI functionality in many of their products on the backend of the resources. With the popularity of chatbot-like AI and the interaction that users are now demanding, it will require a shift in Lexis' approach going forward. One focus that Reihl stresses, however, is that unlike the public AI chat tools, Lexis' approach will take in the issues of privacy, security, citation of sources, and the ability to understand how their tools get to the results its users see. Less "black boxes" and more transparency is the goal.
Links:
Twitter: @gebauerm, or @glambert
Voicemail: 713-487-7821
Email: [email protected]
Music: Jerry David DeCicca
Transcript
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