![]() ![]() Who in your organisation needs to know about this?.In the interests of procedural fairness, we also decided to give ChatGPT a right of reply to express its 'thoughts' on our analysis when it came to the question of risks in legal practice. What are its real or potential limitations?.What are ChatGPT's possible applications?.This Insight will help legal professionals (and consumers of legal services) grapple with this question, by asking: So should lawyers the world over be worried or excited by the future of AI in the legal profession? Much of this astonishing user growth, and the resulting existential dread among legal practitioners, can be attributed to ChatGPT's seemingly miraculous capacity to produce, near-instantaneously, compelling written works on a wide array of topics, including answers to legal questions and drafts of legal documents. ChatGPT hit this milestone in just five days. For Spotify, five months, and Instagram 2.5 months. It reportedly took Netflix 3.5 years to reach its first million users. There's no denying the meteoric rise of the chatbot. Many lawyers have been asking similar questions: will my job exist this time next year? How accurate is it at answering the questions I have to deal with today? And is this the end of copyright as we know it? Is your next lawyer a chatbot? 7 min readĪs legal professionals around the globe settle into another year of work, they find themselves wondering whether a new existential threat has arisen in OpenAI's much-discussed AI chatbot, ChatGPT. ![]()
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