9 Essentials for GenAI in Legal Practice

Key Takeaways from FBE Guidelines

• Maria Dymitruk

The legal profession stands at the threshold of a profound transformation, driven by the rise of generative artificial intelligence (GenAI). Those who follow developments in the field of AI and technology law have encountered such statements countless times. However, it is possible that this idea has also reached the attention of those not deeply immersed in the world of AI and law on a daily basis. But is this truly the case? Has the much-discussed AI-based transformation already begun to shape the profession for all of us in the legal field? If GenAI is not yet being utilized in my law firm, does that suggest I am falling behind? Or perhaps, some may be unaware that colleagues within their own law firm or legal department are already incorporating GenAI in the delivery of legal services? So many questions, yet so few answers. One thing is certain: even if not today, over time, more and more areas of the legal services market will benefit from improvements through the use of GenAI. This will occur in a non-linear manner, varying across different areas of legal practice and firms, but it will happen. So, how can we prepare for this? This article aims to explore this topic, offering insight into how lawyers can navigate the evolving landscape of GenAI technology while upholding the integrity of the profession.