24 Voices for 2024 | GOV | Excerpt | NetDocuments

The Rise of AI in Legal LLM Capabilities Are Evolving

WHAT LEADING VOICES ARE SAYING

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There’s currently a lot of interest in how to tap into machine learning to answer some of the typical questions a general counsel would ask relative to contracts. For example, ‘What have we agreed to? How much money do we spend?,’ and other historical considerations that can inform decision

making. In the future — in the near future, hopefully — we’ll be able to use machine learning to tap into some of those data stores, allowing a better understanding of risk across contracts and forecasting for future spend based on prior outcomes.

Mike Ferrara Managing Director, FTI Consulting

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24 VOICES FOR 2024 LEGAL TECH TRENDS IN AI & AUTOMATION

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