LexFusion

Not all #GenAI tools are engineered equal.   While the unparallelled momentum behind GenAI is largely due to it being a general purpose technology that builds upon prior, compounding technological supercycles, many applications of GenAI need to be engineered to be fit-for-purpose. This is especially true in complex domains like legal. The video below explains why.   As shown in the video, Macro outperforms Adobe on in-document chat despite using the same LLM to ask the same questions of the same contract. The difference lies in all the complementary engineering Macro has done to make complex documents more navigable—the background graphing that turns every defined term and cross-reference into a clickable hyperlink. For more progress, promise, pain, and peril read LexFusion’s latest snapshot synthesizing our present perspective on GenAI in Legal: https://lnkd.in/gxrBXyyB Access the YouTube video here: https://lnkd.in/g8dH3sFu With - Joe B. | D. Casey Flaherty | Paul Stroka | Christina Wojcik

#LexFusionGuide The missing-feature fallacy is a hallmark of legal tech sales fails. Instead of saying, “we are not interested right now,” potential buyers demur by identifying an absent feature as their barrier to purchase. New founders often run off to build this sale-critical enhancement only to learn it was not in fact dispositive. While many buyers go to great lengths to avoid saying “no” outright, no remains the answer. Buyers are being nice, instead of kind.   The missing-feature fallacy has become prominent in many discussions around GenAI. While the legal industry has moved at unprecedented speed, for us (it is all relative), much of the adoption resistance is grounded in what the tools can’t do yet.    This game, of course, is endless. There is always one more thing the tool might do—until the machine achieves precognition while also being able to pick up my dry cleaning. And, even then, the everything-tool must be completely intuitive, with zero learning curve, implementation dip, or deviation from existing ways of working.   For more progress, promise, pain, and peril read LexFusion’s latest snapshot synthesizing our present perspective on GenAI in Legal: https://lnkd.in/gxrBXyyB With - Joe B. | D. Casey Flaherty | Paul Stroka | Christina Wojcik Hotshot Inc. | Agiloft | Factor | New Era ADR | Priori | Litera | DISCO | Macro | Insight Optix | Expert Institute | LegalBillReview.com

🔍 Researching and purchasing contract management software can be overwhelming, but it doesn't have to be! Join Bloomberg Law's Molly Huie, Stephanie Corey of UpLevel Ops, and our very own Christina Wojcik from LexFusion as they share insights on navigating the CMS evaluation process with ease. Don't miss this valuable discussion! Register here: https://lnkd.in/eFSyJJFc #ContractManagement #LegalTech #LexFusion #BloombergLaw #UpLevelOps With - Joe B., Paul Stroka, D. Casey Flaherty, Factor, Agiloft, Macro, Litera, LegalBillReview.com, Expert Institute, Insight Optix, New Era ADR, DISCO, Priori

#LexFusionGuide GenAI is moving fast. We inherently struggle to maintain perspective on just how fast. Expectations enjoy a permanent lead on execution. Unmet expectations are a recipe for disappointment. Disappointment can color our view on the pace of progress. Sometimes, it is worth stepping back. This AI is the worst we will ever have. Yet what we currently deem disappointing seemed far-fetched less than two years ago. For some perspective, the video below demonstrates the rapid evolution of AI image generators—using the prompt, “lawyers scared of robots taking their jobs.” For more progress, promise, pain, and peril read LexFusion’s latest snapshot synthesizing our present perspective on GenAI in Legal: https://lnkd.in/gxrBXyyB With - Joe B. | D. Casey Flaherty | Paul Stroka | Christina Wojcik Hotshot Inc. | Agiloft | Factor | New Era ADR | Priori | Litera | DISCO | Macro | Insight Optix | Expert Institute | LegalBillReview.com

Want to know how to (or help train others to) write an email in outlook using Copilot - or at least see what it looks like? Check out this new Hotshot Inc. video - Drafting a Microsoft Outlook Email Using Copilot (part of our new AI topic that has lots of short videos to help provide GenAI training to everyone in your org). Check it out! https://bit.ly/4fgOATy

Sharing a memorable moment from the Priori Dinner in San Francisco! It was an incredible evening filled with laughter, insightful conversations, and networking with industry leaders. Anna Richards, PMP, Sheena Loren Ferrari, Matthew Chiu, Iain Cunningham, Jenny Lee, Matthew Wheatley, Karen Helten With - Joe B. | D. Casey Flaherty | Paul Stroka | Christina Wojcik Hotshot Inc. | Agiloft | Factor | New Era ADR | Priori | Litera | DISCO | Macro | Insight Optix | Expert Institute | LegalBillReview.com

In an era where the line between myth and reality is increasingly obfuscated, our friends D. Casey Flaherty and the team at LexFusion offer crystal clarity on the current state of #GenAI in Legal via this brilliant, entertaining piece. Come for the summary and hilarious cartoons... stay for the detailed analysis. Thought leadership at its finest. #legalops #legaltech #CLOC Joe B. Paul Stroka Christina Wojcik

#LexFusionGuide: Now that LLMs exist, an LLM is the easiest part of an LLM-enabled application. Because the LLM part is relatively easy, we’ve had a Tribble-like explosion of “thin-wrapper” applications where, in essence, the product is merely another access point, a simple overlay, to a commercially available LLM like GPT-4. These products introduce features native to LLMs can already do (summarize, translate, chat). But the thin wrappers are mostly a fancy UI, implying added value but, in reality, delivering limited impact. Even with LLMs, it is not easy to produce Easy Buttons, and, as LexFusion predicted, there has been an avalanche of garbage products.   But the application layer is maturing quickly. Thick-wrapper applications, with the complementary engineering that makes them fit for purpose, are starting to enter the arena.   For more progress, promise, pain, and peril read LexFusion’s latest snapshot synthesizing our present perspective on GenAI in Legal: https://lnkd.in/gxrBXyyB With - Joe B. | D. Casey Flaherty | Paul Stroka | Christina Wojcik Hotshot Inc. | Agiloft | Factor | New Era ADR | Priori | Litera | DISCO | Macro | Insight Optix | Expert Institute | LegalBillReview.com

In theory, GenAI could be pure hype. Hype can exist in a vacuum—i.e., without any underlying substance. That is, we can experience hype with no underpinning inflection.   The inverse is not true. We never enjoy genuine inflection points sans hype. No matter how legitimate the leap forward, there will be all manner of wild-eyed predictions that seem silly, or pompously premature, in retrospect. This dynamic is, for lack of a better word, annoying. But righteous frustration does not obviate the import of the core advancement. LexFusion persists in our position that GenAI cannot be dismissed as mere hype.   Progress. Promise. Pain. Peril. Read LexFusion’s latest snapshot synthesizing our present perspective on GenAI in Legal: https://lnkd.in/gxrBXyyB #GenAI #LegalCommunity #LexFusion #LegalTechnology #LawStudents #Lawyering #Law With - Joe B. | D. Casey Flaherty | Paul Stroka | Christina Wojcik Hotshot Inc. | Agiloft | Factor | New Era ADR | Priori | Litera | DISCO | Macro | Insight Optix | Expert Institute | LegalBillReview.com

Go Christina Wojcik and Stephanie Corey!