MinterEllison’s Post

Are Specialist Law Firms too small to benefit from the efficiency GenAI provides? This is an interesting article from MinterEllison, a >250 Partner multinational top-tier law firm aiming to equip 80% of its lawyers and partners with AI tools by March 2024 to boost efficiency. While the need for caution is acknowledged and the importance of human oversight is highlighted, the article references significant time savings of up to 7.5 hours per week have been achieved using AI tools. It is also noted the AI tools need to be used to augment, rather than replace, human expertise. Three AI tools are being introduced to streamline various tasks, from drafting legal documents to generating client reports: (1) Microsoft Copilot, (2) a customized ChatGPT version, and (3) a document generation tool. But you do not need to have 2,500 employees to enjoy an AI assistant for your Office tools? SCOTi AI from smartR AI offers legal experts in a firm of any size their own private, secure Supersearch, Report Writer, Doc Analyst and Entity Analyst, out of the box. Pre-trained with open foundation GenAI, SCOTi AI is fine-tuned specifically for the custom domain, including reinforcement learning from your human feedback expertise. So if you're a local, specialised firm or a smaller enterprise what can you do to adopt and enjoy the best of GenAI productivity? ➤  Use smaller scale and expert local AI skills to avoid dependency on Big Business providers of AI with their LLMs focused on their own roadmap ➤  Adopt a mix of Generative AI, Predictive AI and Prescriptive AI to add workspace efficiency, protect expert knowledge delivery, and automate client outputs and engagement. ➤  Demand secure, sovereign and world-class GenAI agents that are specialised for your enterprise. SCOTi AI from smartR AI is a SLM with access to specialist Data Science expertise, ML Engineers & the latest GenAI agents, ready to bring the best AI solutions to your enterprise. SCOTi AI will prioritise data sovereignty & governance control. SCOTi AI is yours without Big consultancy fees, without the risk of ceding control to a large, higher risk LLM and without the rabbit-hole of well intentioned IT enthusiasts. Try SCOTi AI to confidently navigate your own AI production journey. You deserve a local expert small LLM environment that is your own powerful professional asset. Our team is here to collaborate, innovate and guide you in achieving professional AI project outcomes. Start the conversation today by emailing us at (inquiry@aeq.services) or send us a direct message. Please visit > https://lnkd.in/eqityEqC < to learn more about the pedigree of SCOTi™ AI & our team. Want to meet a data scientist & maybe take SCOTi™ AI for a walk? Contact Steve Hansen (ANZ & APAC), Oliver King-Smith (CEO) Neil Gentleman-Hobbs (Head of Partnerships & BD) or Greg James (US). #GenAI #Legal #Productivity #SME

MinterEllison Investing big in AI! Although unfortunately with Microsoft’s CoPilot 😣 Rather than a custom built AI for law like Evatt AI Whilst Copilots integration with the Microsoft suite- Word, Excel etc is helpful. It’s very much a 3rd rate AI LLM - with rates of hallucinations much higher than OpenAI Perplexity and Ollama . Critically as well - Microsoft Copilot doesn’t have case database access. Which means that in edge cases it’ll hallucinate rather than search through the more than 45 million cases & 1 million secondary sources available on Evatt AI . AI will make Lawyers Lives Easier But it’s important to use purpose build software in an industry like legal services - where accuracy , privacy and pinpoint accuracy are premier. If you’re interested in how Evatt AI is making lawyers lives easier - send our team an email, or click the link below: 👇 https://lnkd.in/eNp5da4i https://www.evatt.ai/

AI leadership and innovation at its best.

A great article in the AFR today with our CDO Gary Adler. We have an ambitious target of 80% of our people using AI at least once a week by March 2025. We continue to work with our people to adopt AI responsibly, embrace innovation and to understand how the technology can enhance the vital role they play. Exciting times ahead 💫 #ai #innovation #legaltech

🔍 Curious about Google's future regarding AI implementations? Watch our latest episode: "Lawyers Need to Invest in AI NOW – Unlock Efficiency & The Competitive Edge" WATCH ➡️: https://lnkd.in/eBetsh9z 📌 Want to elevate your law firm's marketing game? Schedule a FREE AUDIT here:https://lnkd.in/eY5FpSR8

The The L Suite (TechGC) 2024 AI Conference is this Friday in San Francisco! If you're at the event, stop by and listen in as Cai GoGwilt and Neema Hodjat, General Counsel Tripalink talk about the opportunities and challenges legal departments and teams face with AI adoption. *What has worked really well? *What has gone poorly? *What guidelines, policies and best practices can General Counsels offer? This discussion will provide a platform to exchange best practices, innovative solutions, third party AI governance tools and leadership insights to avoid pitfalls and successfully deploy AI tools across your company’s business operations. https://lnkd.in/gKZijZ4h

The legal landscape is complex, but AI prompts are transforming how we conduct research. Imagine automating routine tasks, analyzing vast data, and gaining unprecedented insights—all in record time! ⚖️✨ By leveraging AI, legal professionals can boost accuracy and delve deeper into case law and statutes, enhancing the quality of their work. With AI prompts, legal professionals can now automate mundane tasks, sift through vast data, and uncover insights previously out of reach. 🚀💡 Curious to learn more? 📚🔍 Read the full article here: https://lnkd.in/eKMwjMfH #Legaltech #Innovation #AITechnology #PromptEngineering

Listenning to the latest Brian Cox talk with Joe Rogan made me think about the expectations regarding our LLM powered Knowledge Base virtual assistants. Cox claims (paraphrasing) that being a scientist for decades tends to create a sense of confidence in saying: “I dont know” thanks to the humbling effects of wrong hypotheses and omnipresent failures. The same should apply to AI virtual assistants. Optimization is the way forward (answering solely the questions from the particular realm framed by the KB) not maximisation (trying to answer any possible question). A chatbot that proudly answers: “I dont know, I am not supposed to know, in fact why should I know?!” is a well tuned (and cost effective) one and that is what we are aiming for at Feedyou

Excited to announce our launch of Robin AI Reports 🗒 🖋 This is the industry’s first and only AI Reports Builder, and another powerful addition to the Robin platform. ⚡ We’ve built this product after hearing countless clients, executives, and lawyers explain the tedious process of manually creating tables during their due diligence processes for M&A transactions. The result? Generate and verify reports 5x faster, and loop key stakeholders in for quicker decisions. 🚀 💫 Let us know what you think! There are template Reports available to you in your Robin AI account. #generativeAI #LLMs #legaltech www.robinai.com/reports

With the recent approval of the EU AI Act aiming to regulate AI for a healthier digital environment, how do you envision its impact on the future of AI-driven customer support? Do you believe government regulations are necessary to ensure ethical and responsible AI adoption in contact centers? Share your insights and perspectives in the comments! SCTC - Society of Communications Technology Consultants International, Inc.