Within Comply, you’re not only gets a best support for the business, you can also discover newest technologies that we might implement in our work.
As 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. 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?
There's no denying the meteoric rise of the chatbot. It reportedly took Netflix 3.5 years to reach its first million users. For Spotify, five months, and Instagram 2.5 months. ChatGPT hit this milestone in just five days. 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. So should lawyers the world over be worried or excited by the future of AI in the legal profession?
This Comply will help legal professionals (and consumers of legal services) grapple with this question, by asking:
What are ChatGPT's possible applications?
What are its real or potential limitations?
What are the risks?
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.