Walchet Talks
Brian Kennedy | Generative AI for Legal Teams
Dec 19, 2023
Brian Kennedy, Senior Practice Innovation Manager of Real Estate at Bryan Cave Leighton Paisner (BCLP), talks about Large Language Models (LLMs) and the issues they face including hallucinations. He discusses the legal tech products using LLMs, how law firms can spend their Generative AI dollars, and shares insights into how BCLP uses Generative AI.
24:41
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Quick takeaways
- Accuracy and potential hallucinations are issues in Generative AI for legal teams, but there are ways to mitigate these problems.
- The legal tech market for Generative AI products offers both general multipurpose assistance and specialist products for law firms to choose from.
Deep dives
Basics of Generator AI for Legal Teams
Generator AI for legal teams involves using large language models to process natural language and generate human-sounding responses. These models are trained on massive datasets and use a transformer architecture to predict the words that should follow in a given context. Accuracy is a concern since the models are trained on information scraped from the web, which can be unreliable and incomplete. Additionally, the models can sometimes generate content that didn't actually exist, leading to potential hallucinations. However, there are ways to mitigate these issues, such as fine-tuning the models, using prompt engineering to guide their responses, and implementing guardrails that limit the sources and databases they can cite.
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