Credit: kras99/Adobe Stock 3 Things to Consider Before Using AI
It's especially important for legal professionals to understand how to evaluate the quality of today's AI products, and to consider more than just the tech.
October 30, 2024 at 10:01 AM
6 minute read
These days, artificial intelligence is making headlines for its potential to change the world. In reality, though, it's already breaking big ground in the workplace. In a recent work trends report from LinkedIn and its parent company Microsoft, three out of four knowledge workers around the world reported using generative AI.
When it comes to the field of law, 69% of attorneys responding in Bloomberg Law's 2023 State of Practice: Tech & Compensation survey believe generative AI can be used ethically in legal practice. Among other things, AI can help legal professionals do more efficient case research (in seconds as opposed to hours) or more deeply analyze legal briefs to avoid missing key details.
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Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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