Craig Smith quoted in “Will AI Take Over the World? Perspectives from Industry Leaders”

Partner Craig R. Smith was asked by The Industry Leaders about the rapid development and adoption of AI across industries and predictions for how this might affect the legal industry, in particular.

Craig shared his perspective on the increasingly important role of AI in the legal industry. He believes that AI tools will be especially useful in creating efficiencies for tasks like large document review projects and conducting legal research.

“On the litigation front, AI systems will quickly review and digest large document productions and summarize key themes and admissions in exhibits and depositions. Similarly, these systems will simplify the searching and analysis of prior art for challenging the validity of patents. Even legal research and brief writing will be routinely performed by generative AI platforms that are specifically trained for this purpose.”

Smith predicts that AI will make law firms more efficient by saving time and money. “In this AI arms race, patent firms will have the initial advantage of being able to test and deploy more robust AI systems before the Patent Office has an opportunity to catch up.”

Read the full article at theindustryleaders.org.