Why Law Firms Must Prioritize AI Education and Training

DataPlus AI
March 12, 2024
2
min read

As artificial intelligence (AI) progresses at breakneck speed, education and training are critical for law firms to capitalize on AI's potential. In this blog, we explore key reasons why commitment to AI education is essential and outline how forward-thinking law practices can approach education and training.

 

Build AI Literacy Firmwide

To effectively leverage AI tools and advise clients on AI legal implications, law firms need attorneys and staff to be fluent in AI concepts and use cases across all practice areas and industries. Focused CLE (Continuing Legal Education) courses can provide a firm's lawyers with foundational AI literacy - understanding core AI techniques, interpreting outputs, and grasping the strengths, risks, and limitations of AI.

As AI becomes embedded in more legal tasks and business tasks from contract review to legal and business research and analysis, firmwide AI fluency translates into a key competitive capability. Firms investing in AI training create a distinct market advantage.

 

Stay Ahead of the AI Ethics and Regulatory Curve

Law firms have an ethical obligation to ensure their services and processes involving AI adhere to professional conduct rules around security, privacy, and ethics. Comprehensive CLE programs covering AI ethics, bias, transparency, and accountability help meet these requirements.

Additionally, AI regulations and laws governing areas like intellectual property, privacy, and automated decision-making systems are rapidly evolving. Firms must prioritize continuous education to stay compliant and position themselves as trusted AI advisors to clients as new AI rules emerge.

 

Safeguard Profitability with AI-Skilled Professionals

AI will continue to be adopted across the legal space for routine work like document review, due diligence, and research. It is inevitable that AI adoption will have a significant impact on the traditional billable hour model and emphasizing AI education on non-billable activities and processes will be key to increase efficiencies and safeguard profitability.

 

Upskill for the Future Impact of AI in the Legal Services Space

Law firms that prioritize comprehensive AI education and training will lead their peers, better serve their clients and overall be better equipped to capitalize on AI's potential, while mitigating risks.

Approaches to AI education and training

·      Relying on innovation teams for AI education and training.

·      Consider offering introduction courses and CLE credits.

·      Research, document, and share AI’s benefits across client industries.

·      Build dashboards with metrics and KPIs to understand who has been educated in AI, who is using it, and who is having issues.

·      Giving associates billable hours credit to spend time on innovation projects.

DataPlus AI — Co-Pilot for Legal Business Development

DataPlus is an AI-platform that offers three distinct skillset modes that allow business development professionals, researchers, and competitive intelligence staff to 1) Search; 2) Analyze; and3) Generate high-quality and thought-provoking insights that lead to meaningful conversations with their current and prospective clients.

By leveraging DataPlus, legal business development professionals can save time, streamline their client screening process, and gather deep insights about their current and prospective clients, industries, markets, and competitors. To learn more about DataPlus and experience the benefits, sign up to try the DataPlus platform today.

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