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Editor’s Note: The legal industry is on the cusp of transformative change, driven by the integration of generative AI. This emerging technology promises to reshape legalresearch, drafting processes, and client interactions, offering efficiency gains and a redefined approach to client services.
Vanderbilt Law School recently launched an exciting new initiative called the Vanderbilt AI Legal Lab (VAILL) to explore how artificial intelligence can transform legalservices and access to justice. We have our human centered mission to harness AI to expand access to legalservices, and legal knowledge.
The market size of legal tech is ballooning , underscoring the demand for innovative legal software and its growth potential. Legal technology is reshaping client engagement, business operations, and delivery of legalservices. What is the Legal Tech Industry? Is Legal Tech a Growing Industry?
He also discusses the difficulty in training new lawyers as LLMs make some tasks too easy, the coming market efficiencies in legalservices, and the strategic curation of knowledge that will still require human judgment. And the market for legalservices is dramatically underserved.
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