How will new AI technologies shape the future of law? And how can legal professionals ensure they adhere to legal ethics while benefiting from new technologies?
In part VI of our new series, Filevine’s legal futurists Dr. Cain Elliott and Dr. Megan Ma, along with Senior Director of Product Alex McLaughlin, help lawyers answer these questions — and prepare for the future of their practice.
Missed previous parts, visit the links below, or view the whole AI, Ethics, and Legal: A Deep Dive Into the Future of Legal Tech Webinar on YouTube.
- Part I - An AI Primer for Legal Professionals
- Part II - Unveiling the Complexity of Bias and Intellectual Property in AI
- Part III - AI and Mitigating Risks of Legal Malpractice
- Part IV - Embracing the Future: Exploring AI Explainability and Weighing Potential Gains and Harms
- Part V - Unlocking Efficiency and Collaboration: AI in Action at Filevine
During a recent webinar, Filevine experts Filevine shed light on the exciting advancements in AI technology that are set to transform workflows and enhance productivity. One of the key features discussed was AI Fields, which enables users to leverage existing data in Filevine to extract valuable insights. Let's dive deeper into the details and explore some examples that showcase the potential of AI Fields.
AI Fields: Extracting Insights from Data
AI Fields is a groundbreaking feature available to all Filevine customers, offering a host of possibilities for optimizing data analysis and information retrieval. With AI Fields, users can take advantage of Filevine's curated prompts to extract, summarize, or produce information based on documents stored within the platform.
For example, consider demand requests. New technology can gather all the necessary information from the Filevine repository, as well as utilizing templatized .VINE files to ensure consistent quality. This streamlined approach empowers law firms to deliver high-quality demands efficiently.
Data analysis is another notable application of AI Fields. By selecting the document and specifying the desired analysis type, users can automatically summarize depositions, identify inconsistencies with page and line references, extract specific codes, and even generate objection logs, drafts, and safety rules. These powerful features reduce manual effort, save time, and enhance accuracy.
Sneak Peek: AI Fields in Action
During the webinar, Alex McLaughlin provided a sneak peek of AI Fields in action. Demonstrating the user interface, he explained that AI Fields can be set up through the customs editor in Filevine. By selecting the document and the desired analysis prompt, users can upload the file and let AI perform the analysis automatically.
The results are then populated in the designated field, making it easy to access and utilize the extracted information.
Embracing AI for Enhanced Workflows
The introduction of AI Fields and its integration within Filevine represents a significant step forward in leveraging AI technology to improve legal workflows. By harnessing the power of AI, users can extract valuable insights, automate analysis processes, and make more informed decisions.
AI Fields, along with other AI-driven features discussed in the webinar, signify Filevine's commitment to providing cutting-edge tools that empower legal professionals to work smarter, faster, and with greater precision. The future holds immense possibilities as AI continues to revolutionize the legal industry, and Filevine is at the forefront of this transformation.
Note: To learn more about AI Fields and other AI innovations at Filevine, interested readers are encouraged to watch the upcoming webinar to comprehensively explore these groundbreaking features.
The Power of AI-Powered Prompts: Simplifying Legal Workflows
In the future, will legal professionals become mere prompt engineers for AI? Not according to Filevine’s legal futurists. Their research emphasizes the importance of staying focused on practicing law while leveraging AI tools.
But understanding how to deploy AI prompts can enhance document analysis, accelerate legal processes, and open up more time for other legal tasks.
Prompts: Unlocking New Possibilities
Alex McLaughlin, the mastermind behind the prompt feature, revealed the exciting development of 35 initial prompts that will be rolled out across various document types, covering a wide range of practice areas.
These prompts, carefully curated and tested, aim to provide accurate, consistent, predictable, and reproducible results. The prompts have been meticulously designed to prevent AI-generated content that lacks factual basis, commonly referred to as "hallucinations."
Transforming Document Analysis
Dr. Cain Elliott and Alex McLaughlin delved into the immense potential of prompts in streamlining document analysis. They highlighted the example of depositions, a familiar and often labor-intensive task for legal professionals. With the power of prompts, AI can analyze and summarize depositions at an astonishing speed.
In comparison to the hours it takes for a human analyst to scrutinize a deposition, AI can accomplish the task in seconds. The efficiency gains provided by prompts in document analysis are truly remarkable, enabling legal professionals to work with unprecedented speed and accuracy.
A New Era of Efficiency
Alex further illustrated the effectiveness of prompts with a compelling example involving police reports. Deciphering complex police reports can be a time-consuming and challenging task.
However, AI-powered prompts can summarize and extract critical information from an eight-page police report in a mere 15 seconds. This significant reduction in analysis time frees up legal professionals to focus on the ultimate analysis and decision-making process. The prompts act as a valuable assistant, providing insights and organizing data to enhance efficiency.
Enhancing Accuracy and Verification
Dr. Cain Elliott emphasized the reliability and verifiability of prompt-generated results. By prompting AI to provide page numbers where specific information appears, legal professionals can easily cross-reference and verify the extracted data.
This additional layer of transparency and accountability ensures that the AI-generated insights align with the source document, giving legal professionals the confidence they need to make accurate assessments.
Embracing AI without Becoming Prompt Engineers
The introduction of prompts within Filevine represents a major leap forward in utilizing AI to simplify legal workflows. By harnessing the power of AI, legal professionals can save valuable time, increase productivity, and improve the quality of their work. The prompts feature enables legal professionals to focus on the practice of law while benefiting from AI's capabilities.
Text-Based Analysis: A Strong Foundation
While Filevine's AI capabilities currently revolve around text-based analysis, Dr. Cain Elliott assured participants that additional modules are in the works to handle photographic evidence, videos, depositions, diagrams, and handwriting.
Although these features are not available yet, the team is actively working to expand the AI capabilities to cover a broader range of inputs. The focus on text analysis serves as a strong foundation upon which Filevine aims to build further functionalities.
A Once-in-a-Generation Transformation
The current advancements in AI represent a once-in-a-generation event that will revolutionize the way legal professionals work. By embracing Filevine's AI capabilities, users will have access to cutting-edge tools that enhance their workflow, elevate their practice, and keep them at the forefront of industry innovation.
Connect with Filevine
To stay updated on the latest developments and connect with Filevine, users are encouraged to engage with the company on social media platforms. Whether it's LinkedIn for professional discussions, Twitter for tech enthusiasts, or Facebook for broader interactions, Filevine welcomes users to join the conversation and be part of the AI-powered transformation.