Mar 23, 2023, 4:03 PM
(from the Brookings Institution) Artificial intelligence (AI) could reshape the practice of law. The recent introduction of large language model-based systems such as GPT-3 and GPT-4 marks the first time that widely available technology can perform sophisticated writing and research tasks with a proficiency that previously required highly trained people. Law firms that effectively leverage emerging AI technologies will be able to offer services at lower cost, higher efficiency, and with higher odds of favorable outcomes in litigation. New AI-based firms could offer services that fill the role junior associates traditionally fill.
15
years is the target ceiling for a school plant's financial "age."
