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AI Isn't New to Law: How the Practice of Law Should Embrace AI
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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In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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