Taking a step back will put you two steps forward.
As reiterated during numerous conference sessions, the “garbage in, garbage out’ adage is all too real when it comes to producing accurate, reliable, and actionable results with AI. Make an extra effort to get your data house in order before investing in pricey and ‘data sensitive’ AI tools. Again, the DMS, as the central hub for firm content and expertise, provides an ideal starting point.
With the legal AI gold rush in full effect, not everything that glitters is gold. While the pressure to deliver on AI’s promise as quickly as possible is tremendous, the responsibility to produce AI that is safe, secure, reliable, and, just as importantly, aligned with firm challenges to solve specific problems is greater. With that in mind, Actionstep recently established a dedicated AI Center of Excellence, incorporating AI expertise, AI best practices for law firm management, and a future-focused roadmap powered by AI. Driven by direct law firm feedback and insights from surveying the mid-sized market, this roadmap meets firms where they are in relation to AI and how AI can help them improve the way they manage and run their firms.
Actionstep’s Chief Product Officer, Triona Buckley, noted that while the market is saturated with standalone GenAI tools focused on streamlining content production and review tasks, AI focused on supporting the management, operations, and business of midsize law is only just now emerging. “Our plans for incorporating AI functionality into our platform will help legal and management staff leverage AI securely and seamlessly to manage both the business and legal side of law firms,” Buckley shared. “Taking a step back before jumping into the AI fray by spending extra time with customers to understand their AI journey truly, and adding AI capabilities that address their priorities, will pay off in a big way.”
Interested in more specifics about Actionstep’s AI Center of Excellence and how midsize law firms are participating… Check out Triona’s exclusive ILTACON Live podcast with legal luminary Bob Ambrogi.