How Gen AI Will Transform the Legal Industry Faster Than You Think: Insights from David Cohen скачать в хорошем качестве

How Gen AI Will Transform the Legal Industry Faster Than You Think: Insights from David Cohen

The legal industry stands at a technological crossroads, with AI reshaping everything from document review to client service delivery. In this episode of Between the Briefs by Steno, hosts Adrian Cea and Joe Stephens sit down with David Cohen, Senior Counsel at Reed Smith, to explore the evolution of legal technology over four decades, focusing on how AI is transforming E-Discovery and litigation practices. What You’ll Learn: How to safely implement AI in legal practice while protecting client confidentiality and avoiding AI hallucinations Why law firms must adapt their business models as AI reduces billable hours while increasing efficiency How to leverage AI as a collaborative tool rather than just a utility The critical balance between AI adoption and maintaining essential legal skills for new attorneys Why AI's impact on the legal industry is likely underestimated and how firms can prepare for accelerated change The pathway to using AI for improving access to justice and making legal services more affordable David Cohen is a Senior Counsel at Reed Smith, bringing over forty years of litigation experience and pioneering expertise in E-Discovery and legal technology integration. As a former chair of the EDRM Board of Project Trustees, David has established himself as one of the industry's leading practitioners in E-Discovery, particularly in financial services litigation, mass tort, and government investigations. Throughout his career, he has been at the forefront of technological adoption in legal practices, witnessing and shaping the evolution from paper-based discovery to today's AI-driven solutions. It’s all about balancing innovation with client value, security considerations, and the evolving landscape of legal technology - tricky but possible! Highlights: 00:00 Introduction & Meeting 02:09 Criminal Law, White Collar Work, and Finding His Niche 05:31 The Document Avalanche 08:52 Tech Waves in Law 13:26 From Predictive Coding to Generative AI 15:58 The Double-Edged Sword of AI in Law 21:09 Generational Shifts in Law Firms 26:38 Training the Next Generation with AI 30:21 AI in Courtroom Prep 33:55 The Economics of AI and Big Law 38:05 Why AI’s Impact Is Underestimated Quotes: "AI is gonna get better and better and do more and more of what more senior lawyers do. And so, we're all gonna have to be prepared to adapt and learn how to leverage Gen AI in the best ways possible." "My hottest take in the industry is despite the fact that everybody's talking about AI, I still think people are actually underestimating what the impact is going to be." "I think AI brings tremendous promise to reduce the cost of legal services for individuals to make it more affordable." Call us at (888) 707-8366 or email [email protected] to see how we can improve the litigation process for you. Follow Along Website https://steno.com/ LinkedIn www.linkedin.com/company/14792831 Facebook www.facebook.com/stenocourtreporting Instagram www.instagram.com/steno_reporters Twitter   / steno_reporters