Gen AI and ChatGPT: Staying Ahead and Unlocking Opportunities in Wills, Estates, and Succession Law Session Overview: In this dynamic seminar we will delve into the world of Generative AI and ChatGPT, explore the transformative potential of AI technology in the legal profession, and discuss why it is crucial for lawyers to stay ahead of the curve. The session will provide practical guidance on using ChatGPT, and insights into the current and evolving state of AI in the law, offering valuable perspectives on the future of AI in the legal services industry. Showcasing different appetites and implementations in Australia and beyond, this session will culminate in a candid conversation with the CEO of Gilbert & Tobin on perspectives gained from his firm’s AI journey and the future of business-in-the-law. Session Outline: 1. Introduction: Generative AI and ChatGPT • •
A Brief overview of Gen AI including ChatGPT AI and the legal industry – the four important questions you need to ask yourself, now.
2. A Drive Behind the Wheel • •
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How to create a ChatGPT account and get started with the platform. Demonstrations of ChatGPT capabilities (with all relevant caveats) – current and potential future uses in private and professional lives, including examples relevant to Wills, Estates, and Succession Law. Practical tips on engineering effective prompts to elicit the most useful responses. Ethical and regulatory considerations related to AI implementation (light touch, as our afternoon ethics seminar will take a deeper dive).
3. Navigating an Evolving Legal Landscape - The Importance of Staying Ahead in this New AI Era • • •
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Why it is critical for all legal practices to ensure they adopt an informed and proactive approach, to remain competitive and relevant in a rapidly evolving industry landscape. Opportunity calls – how to embrace AI as a catalyst for positive change in your legal practice. Potential consequences of failing to adapt to AI advancements, including challenges and missed opportunities. Opportunity and risk management vs denial – the matrix that all legal practices will, as businesses, need to consider. Valuable strategies for staying informed and proactive in navigating the evolving legal landscape, ensuring we do not get left behind in the wake of competition.