ILTACON Archives - 成人VR视频 Institute https://blogs.thomsonreuters.com/en-us/innovation-topics/iltacon/ 成人VR视频 Institute is a blog from 成人VR视频, the intelligence, technology and human expertise you need to find trusted answers. Wed, 02 Oct 2024 16:47:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 The Transformative Role of AI in Professional Tools: A Conversation With David Wong and Leann Blanchfield /en-us/posts/innovation/the-transformative-role-of-ai-in-professional-tools-a-conversation-with-david-wong-and-leann-blanchfield/ Wed, 02 Oct 2024 13:33:39 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=63286 Leann Blanchfield, head of Editorial, 成人VR视频, said now is the most exciting time in her 30+ years with the company.

In the latest , Blanchfield shared how the power of generative AI 鈥 and the dramatic leap it鈥檚 making in how professionals across industries can access large quantities of data 鈥 is transforming the legal industry and beyond. Blanchfield credits the more than 1,500 attorney editors on her team, who create and enhance content, with harnessing the power of generative AI for legal research.

Human expertise is just one component of how 成人VR视频 is capitalizing on the potential of generative AI. Three elements are critical, as David Wong, chief product officer, 成人VR视频, noted in his comments about the launch of CoCounsel 2.0 at ILTACON: 鈥淲e have the data, the expertise, and the tech. Few have all three in such quantity and depth.鈥

In the new , Wong focused on the role of human domain experts, noting they鈥檙e key to the process of creating and validating data used by AI models for professional research.

鈥淭here’s a lot of both prompt engineering, fine tuning, and system refinement that’s necessary to get quality to a usable spot,鈥 Wong said. 鈥淓xperts, experienced researchers and experienced lawyers can help to gauge whether or not the systems are correct. We couldn’t have an objective, quantified measure of quality on these systems without the editors, without those experts.鈥

Wong and Blanchfield discussed the importance of human experts in ensuring the accuracy and reliability of AI.

鈥淢aintaining accuracy is at the heart of what the editorial team does,鈥 Blanchfield said. 鈥淚t鈥檚 the number-one priority across every editorial team. We maintain our content to be accurate and trusted.鈥

Wong acknowledged it鈥檚 challenging for the team to process and update unstructured, constantly changing data in real time. He said that 成人VR视频 ensures that its AI models are customized and meeting the varying needs of various jurisdictions through a combination of software and algorithms that take advantage of the LLMs.

鈥淪o when you ask a question of , for example, we are running an end-to-end algorithm which runs search, retrieves data, re-ranks, interprets and then ultimately passes that information to a large language model to synthesize and produce the answer,鈥 Wong said. 鈥淚t’s a very complicated system which involves multiple types of technology, multiple types of information retrieval.聽Processing unstructured, dynamic data and customizing AI models requires integrating multiple technologies and algorithms to optimize performance.鈥

Hear more of Wong and Blanchfield鈥檚 insights on integrating AI into professional tools and ensuring that information is trustworthy in the of the TechConnect series, which brings diverse and dynamic perspectives from all corners of the technology world with thought-provoking questions and conversation.

]]>
ILTACON Highlights: CIOs鈥 Perspectives on Document Management Systems, Generative AI, and More /en-us/posts/innovation/iltacon-highlights-cios-perspectives-on-document-management-systems-generative-ai-and-more/ Fri, 23 Aug 2024 13:56:54 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=62759 Steve Assie, general manager, Global Large Law Firms, 成人VR视频, attended and moderated a panel discussion for CIOs from G100 and G200 firms. Below, he shares his takeaways from the panel and the conference.

What truly stood out to me at ILTACON was the energy and enthusiasm of the event. I was struck by how the collaborative atmosphere among attendees 鈥 ranging from seasoned legal professionals to tech enthusiasts 鈥 created an enriching environment for knowledge exchange and networking.

The conference center was brimming with excited representatives from law firms and vendors showcasing innovative solutions. Everyone was grappling with how 鈥 and when 鈥 generative AI could transform the practice of law.

The insightful sessions on cybersecurity, data privacy, and the future of legal tech trends provided valuable takeaways that are likely to shape the industry in the coming years. Overall, the conference underscored the rapid advancements and the pivotal role of technology in transforming the legal landscape.

CIO insights

I moderated a among G100 and G200 CIOs. The CIOs discussed the evolving role of the document management system, the opportunity for generative AI to drive efficiency improvements now and in the future, the evolving expectations of corporate law departments, and data security practices.

Audience attendees seemed especially interested in the tenor of the conversation around transformative AI solutions. One of the CIOs said that his firm was using CoCounsel as its AI assistant and that lawyers at the firm were eager adopters. He mentioned wanting to buy more seats. That was a fun moment for me!

CoCounsel 2.0

We hosted a number of extremely well-attended events, including customer dinners, an appreciation event, and other celebrations. The opportunity to share perspectives and learn from law firms was invaluable.

I was thrilled to see that the announcement of CoCounsel 2.0 seemed to generate the most excitement among product news. Jake Heller, head of Product for CoCounsel, 成人VR视频, showcased a side-by-side view on the speed of the application, highlighting how CoCounsel 2.0 moves more than 3 times faster than the current version CoCounsel Core. After customers saw that, they were clamoring for access.

On a personal level, I enjoyed seeing so many former colleagues and peers. The legal community is a tight-knit group. It was amazing to walk the halls of the conference centers and catch up with so many great people.

Check out other 成人VR视频聽ILTACON recaps, including the legal industry鈥檚 reaction to the聽launch of CoCounsel 2.0. and highlights from the 聽鈥淗ow Today鈥檚 Lawyers Are Enhancing Their Practice with AI鈥 session.

]]>
ILTACON Highlights: How Today’s Lawyers Are Enhancing Their Practice with AI /en-us/posts/innovation/iltacon-highlights-how-todays-lawyers-are-enhancing-their-practice-with-ai/ Thu, 15 Aug 2024 10:23:30 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=62639 Valerie McConnell, senior director, CoCounsel, 成人VR视频, was a panelist at the session, “How Today’s Lawyers Are Enhancing Their Practice with AI.”聽Below, she shares her takeaways from the panel and the conference.

A shift in the legal industry’s approach to technology

What stood out to me at ILTACON was the momentum behind the adoption of generative AI across the legal industry. It was striking to see how many law firms, regardless of size, have already integrated generative AI into their practices.

My personal highlight at ILTACON was participating in a panel discussion on the application of generative AI in legal practice. We received thoughtful and insightful questions from the audience, reflecting a deep interest in maximizing the potential of generative AI.

During the panel, we conducted a quick audience survey, and nearly every attendee indicated that their firm was already using generative AI. This widespread adoption reflects a significant shift in the legal industry’s approach to technology, signaling that generative AI is already playing a pivotal role in shaping legal practice.

The primary focus of interest in my panel was on the practicalities of implementing generative AI solutions within law firms. Attendees seemed particularly interested to learn about best practices for conducting a successful proof-of-concept, including strategies for testing the accuracy and reliability of generative AI software.

Attendees also seemed interested in understanding how to effectively measure ROI from adopting generative AI. The focus was not on whether law firms should adopt generative AI, but rather how to adopt this technology and derive the most value.

From skepticism to enthusiasm

One of the most surprising and encouraging moments at ILTACON was seeing the shift in attitudes toward generative AI. Where there was once skepticism and anxiety, I now see a growing acceptance and even enthusiasm.

The concerns that previously dominated discussions 鈥 like the potential impact on the billable hour 鈥 seem to have softened. Instead, there’s a growing recognition that generative AI is not just a disruptive force but a transformative tool that can enhance legal practice.

Many attendees expressed optimism that generative AI will ultimately expand the reach of legal services, enabling more people to engage with the legal system, pursue legal claims, and explore innovative legal strategies.

This is a guest post from Valerie McConnell, senior director, CoCounsel, 成人VR视频. Check out other 成人VR视频 highlights from ILTACON, including the launch of CoCounsel 2.0.

]]>
ILTACON Sneak Peek: CoCounsel 2.0 Combines the Power of Google Cloud AI, OpenAI, and 成人VR视频 /en-us/posts/innovation/iltacon-sneak-peek-cocounsel-2-0-combines-the-power-of-google-cloud-ai-openai-and-thomson-reuters/ Mon, 12 Aug 2024 09:48:50 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=62576 成人VR视频 today announced CoCounsel 2.0, the professional-grade GenAI assistant, will optimize for and combine the strengths of leading LLMs, allowing customers to realize the greatest value from this rapidly evolving technology.聽The next-gen CoCounsel AI assistant marks a significant milestone in the 成人VR视频 vision for a single GenAI assistant, enabling professionals across industries to accelerate and streamline entire workflows.

CoCounsel 2.0 draws on its robust set of specialized skills to handle complex, multi-step work, helping professionals quickly pinpoint key knowledge in vast databases, thoroughly communicate sophisticated information, and complete essential work with unprecedented speed.聽CoCounsel 2.0 generates answers three times faster than the current version, operates more intuitively, and delivers more thorough, nuanced results.

It also tests combining the unique capabilities and strengths from OpenAI, Google, and 成人VR视频, such as its industry-leading content and legal technology.聽 CoCounsel 2.0 will also bring additional and upgraded capabilities for legal professionals.

The just-launched Claims Explorer in Westlaw Precision with CoCounsel simplifies claims research by enabling legal professionals to enter facts and identify applicable claims or counterclaims. , the end-to-end GenAI-enabled solution from 成人VR视频, accelerates drafting by as much as 50%.

鈥湷扇薞R视频 is here for one reason: to ensure our customers reliably and safely realize the greatest possible value from this generational technology鈥攁s quickly as possible,鈥 said David Wong, chief product officer, 成人VR视频. 鈥淐oCounsel 2.0 is founded upon our ability to combine our data, expertise, and trusted content with cutting-edge technology. Partnering with leading LLM providers is a key part of our strategy and will help us deliver even more for our customers, enabling them to accomplish what they need to evolve their businesses more quickly and more effectively than ever.鈥

Wong will discuss CoCounsel 2.0 with Jake Heller, head of Product for CoCounsel, 成人VR视频, and Kriti Sharma, chief product officer of Legaltech, 成人VR视频, in their ILTACON session, 鈥淢aximizing Impact and ROI: Harnessing the Full Potential of GenAI in the Legal Profession.鈥

鈥淐oCounsel 2.0 is more powerful than the first generation of CoCounsel and accessible from within 成人VR视频 products 鈥 beginning with Westlaw Precision and Practical Law 鈥 plus from within Microsoft 365, beginning with Word, Teams, and Outlook. It’s exactly what our legal customers are looking for,鈥 Sharma said. 鈥淒ebuting CoCounsel 2.0 at ILTACON is the perfect fit, as it鈥檚 all about realizing successful legal strategies for transforming the legal industry. I’m thrilled for the opportunity to share our powerful CoCounsel 2.0 vision and discuss how legal professionals can embrace professional-grade GenAI to streamline their workflows and boost productivity while maximizing ROI.鈥

鈥淲e鈥檝e always been on the leading edge of emerging technology and it鈥檚 incredibly fulfilling to experience our vision 鈥 of providing every professional we serve with a GenAI assistant 鈥 becoming reality for our customers,鈥 Heller said. 鈥淲e鈥檙e seeing a growing maturity in the adoption of AI, and legal professionals are ready for the practical application and optimization of GenAI. CoCounsel 2.0 enables them to use GenAI to its fullest potential to drive efficiencies and productivity gains 鈥 working with the tools they already use every day.鈥

For more on CoCounsel 2.0, read the press release. Check out more Innovation Blog posts for product news, leader insights, and customer perspectives on how 成人VR视频 is paving the way for the future of professionals.

]]>