Welcome to CO/AI

We slow AI down so you can speed up

Our mission is to make 1,000,000 people AI Literate

Today’s Letter:

Generative AI Within Law Firms (4 min)

A new Thomson Reuters report

The Big Picture:

• A new Thomson Reuters report reveals that while awareness of generative AI and ChatGPT is high among law firms, actual adoption remains low

• 91% of respondents had heard of the tech, but only 5% are using or planning to use it

• Partners are more bullish than associates, with 59% believing it should be used for legal work

Why it Matters:

• Accuracy concerns and data privacy risks are holding firms back from diving in, despite seeing potential to streamline work

• Midsize firms see generative AI as a way to level the playing field and compete with larger firms on complex matters

• 15% of firms have warned against unauthorized use and 6% have outright banned it, reflecting the early, cautious stage of the tech

What do you Think?

What to do Tomorrow:

• Engage in firm-wide education around the capabilities and limitations of the technology to inform decision-making

• Work with trusted legal tech vendors to explore generative AI features with appropriate security and governance measures

• Develop clear policies and guidelines around authorized use of generative AI tools to mitigate risks

Read the Full Report Here: