The changing face of legal services – insights on how four firms have already started to use GenAI

In this latest issue of Lawtech Insight, we talk to four City firms about the impact of generative artificial intelligence (GenAI) on how their business offering is evolving and adapting to new ways of working. Practitioners from EY, Shoosmiths, Simmons & Simmons and Travers Smith discuss an array of issues, ranging from the skillset needed of future trainees to how the pricing model of legal services will change. Their insights cover the importance of employee engagement and training and – perhaps most importantly – how to make sure that any lawtech you use adds real value to your business.

The changing face of legal services – insights on how four firms have already started to use GenAI

In this latest issue of Lawtech Insight, we talk to four City firms about the impact of generative artificial intelligence (GenAI) on how their business offering is evolving and adapting to new ways of working. Practitioners from EY, Shoosmiths, Simmons & Simmons and Travers Smith discuss an array of issues, ranging from the skillset needed of future trainees to how the pricing model of legal services will change. Their insights cover the importance of employee engagement and training and – perhaps most importantly – how to make sure that any lawtech you use adds real value to your business.

EY

‘The career path for future lawyers will diverge significantly from that of their predecessors, starting with their training’

Shoosmiths

'Studies have shown that GenAI works much better where users keep a keen eye on it and spot errors. In legal work, it’s essential’

Simmons & Simmons

'Act cautiously until you have clarity and certainty about the key aspects, like information security and confidentiality. Once you have that solved, be ambitious’

Travers Smith

‘Forward-thinking firms will be looking to leverage their AI capabilities in automating lower-value tasks when marketing their more complex legal expertise to clients’

If you found this article useful and are looking for other practical hints on tech adoption, our previous issue of Lawtech Insight has tips on procuring and investing in tech.

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EY

‘The career path for future lawyers will diverge significantly from that of their predecessors, starting with their training’

Shoosmiths

'Studies have shown that GenAI works much better where users keep a keen eye on it and spot errors. In legal work, it’s essential’

Simmons & Simmons

'Act cautiously until you have clarity and certainty about the key aspects, like information security and confidentiality. Once you have that solved, be ambitious’

Travers Smith

‘Forward-thinking firms will be looking to leverage their AI capabilities in automating lower-value tasks when marketing their more complex legal expertise to clients’

If you found this article useful and are looking for other practical hints on tech adoption, our previous issue of Lawtech Insight has tips on procuring and investing in tech.