Business Law
Business Law News ISSUE 3, 2022
Content
- B-LAW B-LAW B-LAW: ETHICS FOR BUSINESS LAWYERS CONFLICTS OF INTEREST IN M&A TRANSACTIONS
- Business Law News Editorial Team
- Executive Committee of the Business Law Section 2022-2023
- James P. Hill Receives Business Law Section's 2022 Lifetime Achievement Award
- Legal Fee Tax Write Offs Made Simple
- Letter From the Chair
- Letter From the Editor
- Table of Contents
- Tax Myths About Irs Statute of Limitations
- Transactional Lessons From the Bankruptcy Battle Over Silver Linings Playbook
- Zombie Foreclosure: What Is It and How Can It Be Fixed
- What Lawyers Need To Know About Ai In the Law Amid the Latest In Legal Language Mimicry
WHAT LAWYERS NEED TO KNOW ABOUT AI IN THE LAW AMID THE LATEST IN LEGAL LANGUAGE MIMICRY
Written by Dr. Lance Eliot
ABSTRACT
This article explores the emergence of Artificial Intelligence (AI) technology known as Large Language Models (LLMs) that are able to generate or transform text into computer-produced narratives appearing to be human-written. Besides examining the rise of LLM technology in contemporary societal uses such as chatbots, the latest in legal research is embarking on trying to use such AI to perform legal tasks. A recent research effort described here has applied an LLM to the California Bar Exam and illustrates the strengths and weaknesses of this latest AI capability. Lawyers, judges, and others in the legal profession will likely encounter LLMs in the latest LegalTech used for law offices and within the courts, thus, legal professionals need to be sufficiently apprised of the benefits and drawbacks associated with this newest form of AI.
INTRODUCTION