From listening to investing shows discuss AI, and playing around with it a little on META and elsewhere,
I’m starting to conclude that AI, at least on the consumer level, is so much BS.
Every time they describe what AI can do, it sounds like what computers and word search programs have been doing for decades.
Has anyone’s business really been revolutionized by AI? Other than the companies selling AI?
Top global law firm DLA Piper announces addition of CoCounsel to enhance practice and client services(From the article)
On March 15, leading global law firm and long-time Casetext customer DLA Piper announced it will implement CoCounsel, our first-of-its-kind AI legal assistant, in their practice. CoCounsel is built on GPT-4, the most advanced large language model from OpenAI and the first AI to pass the bar exam.
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“Casetext’s CoCounsel is changing how the law is practiced by automating critical, time-intensive tasks and freeing our lawyers to focus on the most impactful aspects of practice,” said Frank Ryan, DLA Piper’s Americas Chair. “No firm wants to be the last one to implement this game-changing technology.
The firm’s use of CoCounsel is indicative of the strength of the product—it amplifies the capabilities of lawyers by increasing their efficiency and enhancing the quality of their work product. Other law firms already using CoCounsel in beta include Am Law 100 firms Sheppard Mullin, Ogeltree Deakins, and O’Melveny.
With increasing adoption among law firms, CoCounsel is poised to transform the practice of law. Because the tool has the potential to save up to 60% of attorneys’ time, users will have significantly more hours for more complex, strategic work, accelerating and deepening their skills and freeing them to serve more clients.
Impact on the business of law is likely to be more gradual, but just as profound. While decreasing the time it takes to complete work could reduce the number of billable hours, it could also mean increased rates for enhanced work quality and more specialized expertise. It’s a win-win: Attorneys can become more agile and have greater freedom to focus on work they enjoy more, while clients—potentially quite a few more of them—benefit from higher-quality representation and faster turnaround