Wealthy Way AI Meets the Law: Subpoenas, Hallucinations & Smart Usage
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Oct 12, 2025 Discover the intriguing intersection of AI and law, as experts explore the potential legal risks when using AI for confidential strategies. Learn about the complications arising from AI's hallucinated data and why courtroom experience is irreplaceable. Delve into how AI can enhance the drafting process while still requiring human oversight for accuracy. The podcast also touches on the importance of blending AI and human counsel to streamline legal tasks, as well as the evolving landscape of AI technology.
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AI Chat History Can Be Evidence
- Ryan used ChatGPT to vet a gray-area tax strategy and the model warned him not to do it.
- He realized the chat history could be subpoenaed and show his thought process if challenged.
AI Lacks Real-World Legal Judgment
- Chad points out ChatGPT lacks courtroom experience like jury trials, timing, and legal intangibles.
- That absence makes AI unreliable for full legal representation despite sounding convincing.
Draft With AI, Get A Fast Lawyer Review
- Use AI to draft documents (like demand letters) and then ask your preferred lawyer to quickly review them.
- This speeds work: prepare with AI, then spend minutes with counsel instead of days drafting from scratch.