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Remember when AI was the stuff of science fiction? With the release of OpenAI's GPT-3 and GPT-4 and other AI generative systems into the consumer market in late 2022, artificial intelligence became an accessible tool that can be applied in almost every computer environment. UBS, the global financial services company, reported that GPT-3 and GPT-4 reached 100 million active monthly users only two months after its release, making it the fastest growing internet app in history.
AI systems began to be integrated into commonly used information storage systems years ago. But when corporate service providers applied AI technology to solve industrial problems, its presence seemed purely benign. Now, as AI tools become available to the general public, the prospect of people "being replaced" by an AI application seems more threatening.
We know that AI will not replace lawyers, but how much legal work can it be trusted with?
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What Law Firms Need to Know Before Trusting AI Systems with Confidential Information In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.
During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.
The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.
As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.