City law firms ‘sleepwalking into a crisis’ over AI overreliance

cityam

06/18

legal sector faces a potential crisis of judgment due to AI As legal tech valuations skyrocket, and AI dominates the airwaves, City law firms have been warned they are ‘sleepwalking into a crisis of ...

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It was found that, rather than transforming legal practice, AI tools are simply being layered onto old ways of working. The intense pressure of billable hours and heavy workloads creates a major behavioural risk, as time-poor lawyers are uncritically accepting AI outputs without fully interrogating them.Headlines have been lighting up with hallucination issues at several law firms across both sides of the At","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","AGIX":"通用人工智能 ETF-AGIX","AI":"C3.ai, Inc.","BK4587":"ChatGPT概念","BK4211":"区域性银行","AIYY":"YIELDMAX AI OPTION INCOME STRATEGY ETF","BK4528":"SaaS概念","CHCO":"City Holding Company","BK4588":"碎股","AIPO":"Defiance AI and Power Infrastructure ETF","BK4585":"ETF&股票定投概念","BK4023":"应用软件","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","ARTY":"ISHARES FUTURE AI & TECH ETF","BK4543":"AI"},"translate_title":"金融城律师事务所因过度依赖人工智能而“梦游般陷入危机”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":0.9,"AIPO":1.5,"ARTY":1.5,"AGIX":1.5,"AIYY":0.6,"CHCO":1.5,"CHAT":1.5},"content_text":"legal sector faces a potential crisis of judgment due to AI As legal tech valuations skyrocket, and AI dominates the airwaves, City law firms have been warned they are ‘sleepwalking into a crisis of judgment’ by treating AI as a definitive authority rather than a collaborative tool.A report by Positive Group, exclusively shared with City AM, stated that the legal sector faces a potential crisis of judgment due to its overreliance on AI, with data showing more than 60 per cent of lawyers now actively use the new tech in everyday tasks such as drafting, research, and client delivery. It was found that, rather than transforming legal practice, AI tools are simply being layered onto old ways of working. The intense pressure of billable hours and heavy workloads creates a major behavioural risk, as time-poor lawyers are uncritically accepting AI outputs without fully interrogating them.Headlines have been lighting up with hallucination issues at several law firms across both sides of the Atlantic, with ‘fake’evidence presented to the courts, in the case of Pinsent Masons, a junior lawyer was blamed. \n\nThe report suggested that AI is directly dismantling the traditional apprenticeship model of training juniors by automating high-volume, repetitive foundational tasks, such as document review and basic research, where juniors used to develop their skills. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAs a result of junior lawyers not receiving the same training, the report highlighted that there is now 「less requirement to go and interrogate sources,」 leaving firms highly vulnerable to over-trusting AI outputs. Francesca Bennetts, partner at A&O Shearman, stated: 「The skills that make a good lawyer, critical thinking, creativity, and attention to detail, are the same skills needed to be an AI-augmented lawyer. The tools may have changed, but the foundations of good practice remain the same.」","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}