Notes To My (Legal) Self
Season 6, Episode 19: AWS Report Analysis (with Olga V. Mack)
Dec 30, 2023
Expert in AI and workforce preparation, Olga Mack, discusses the impact of AI on the legal industry, including increased efficiency and accuracy, enhanced access to legal services, and the importance of addressing ethical and regulatory concerns. Legal professionals are predicted to require a blend of legal expertise and AI skills, including AI literacy, ethics, adaptability, and collaboration.
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Quick takeaways
- AI adoption in the legal industry is expected to bring increased efficiency and allow legal professionals to focus on strategic activities.
- AI-driven tools in the legal sector will reduce costs, making legal services more accessible and affordable to a broader audience.
Deep dives
AI Adoption Rates Predict Over 90% by 2028
According to a recent study by AWS and Access Partnership, AI adoption rates are predicted to reach over 90% by 2028. The study emphasizes that organizations and industries, including the legal sector, need to prepare for this transformative shift. It highlights the need for acquiring new skills, with employers expressing a willingness to pay a 37% premium for employees who are proficient in utilizing AI in their practice. It also acknowledges the potential skill gap and the importance of upskilling to keep pace with the changing landscape. This prediction reinforces the urgency for legal professionals to proactively educate themselves about AI and embrace its integration into their work.
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