It's going to be dead-simple for a corporate legal department to use LLM tech through Copilot in the Microsoft tools they already use, sitting on a graph of knowledge that's already available and continuously updated. Once DMS systems and legal caselaw and resources are also connected, point solutions are going to have to work very hard to survive.
Of course, there are non-trivial questions to still resolve, such as permissioning sensitive materials that flow into the foundation model, which is paticularly important for law firms (think, ethical walls). But at the current pace, it won't be long ...
See and I wonder if long term DMS is even that relevant. DMS was built for a world in which you store knowledge for precedent and future reference. In a world with AI, storing those documents forever loses importance.
I’m a little sceptical about the ’One Ring to Rule Them All’ hype here. There are just so many unknowns in how this particular LLM works and the kind of training it has. It’s a real worry when you get this single voice stating that it’s the natural monopoly.
To be fair, I think there will be multiple LLM providers in the same way there are multiple big cloud providers. But in the same way that everyone’s on cloud, and no one is building their own servers anymore. I think that everyone’s going to be on an LLM.
It's going to be dead-simple for a corporate legal department to use LLM tech through Copilot in the Microsoft tools they already use, sitting on a graph of knowledge that's already available and continuously updated. Once DMS systems and legal caselaw and resources are also connected, point solutions are going to have to work very hard to survive.
Of course, there are non-trivial questions to still resolve, such as permissioning sensitive materials that flow into the foundation model, which is paticularly important for law firms (think, ethical walls). But at the current pace, it won't be long ...
See and I wonder if long term DMS is even that relevant. DMS was built for a world in which you store knowledge for precedent and future reference. In a world with AI, storing those documents forever loses importance.
Agreed, a strong case for replacement exists. But companies that offer a clear path to migrate from DMS and CLM will come out as winners
I’m a little sceptical about the ’One Ring to Rule Them All’ hype here. There are just so many unknowns in how this particular LLM works and the kind of training it has. It’s a real worry when you get this single voice stating that it’s the natural monopoly.
To be fair, I think there will be multiple LLM providers in the same way there are multiple big cloud providers. But in the same way that everyone’s on cloud, and no one is building their own servers anymore. I think that everyone’s going to be on an LLM.