GPT-3.5 in Legal Tech: Challenges and Considerations for Law Firms
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Recently, several legal tech companies have started using GPT-3.5, a powerful language model (LLM) similar to the AI behind ChatGPT, in their offerings. However, most law firms are unlikely to adopt this technology soon, as it requires advanced expertise and technical knowledge that they lack. Additionally, ethical and practical considerations may deter them from pursuing this. Although some law firms, such as Baker McKenzie, are experimenting with GPT models, the number of firms using this AI is expected to remain low for the near future, as even experienced firms with data science teams may struggle with the complexities of GPT-3.5. Experts agree that training such a large and advanced LLM is a new and challenging area, with few people having the required skills and knowledge.
Law Firms Struggle to Keep Up with GPT-3.5 Adoption
Law firms may be cautious about using GPT-3.5 due to concerns over security and privacy. Lawyers have obligations to maintain client confidentiality, which may be compromised when using a third-party system like GPT-3.5. However, Microsoft's recent launch of an Azure OpenAI Service may offer a more secure solution. The extent to which law firms will adopt GPT-3.5 also depends on its impact on their business model. For firms that bill by the hour, the reduced time required for tasks may lead to lower revenue. The industry is grappling with these long-term issues as AI technologies continue to improve.
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