Law Without Lawyers: A Conversation With Damien Riehl Bubble Trouble: Laying Out Inconvenient Truths About How Business And Financial Markets Really Work podcast

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Bubble Trouble: Laying Out Inconvenient Truths About How Business and Financial Markets Really Work »
Law Without Lawyers: A Conversation with Damien Riehl

23h ago 49:31

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One of the first casualties of the AI race may be lawyers, and that’s where we go this week with Damien Riehl who is at the front line of disrupting the legal profession. Law without lawyers? Really? Are we moving from if to when this tipping point becomes reality.

For more on Bubble Trouble, including transcripts of the show, visit us online at http://bubbletroublepodcast.com

You can learn more about Richard at https://www.linkedin.com/in/richard-kramer-16306b2/

More on Will Page at: https://pivotaleconomics.com

(Times below correspond to the episode without considering any inserted advertisements.)

The AI Revolution in Law: Disrupting and Democratizing Legal Services

In this episode of Bubble Trouble, hosts Richard Kramer and Will Page delve into the disruptive potential of AI in the legal profession with guest Damien Rio from vLex. The discussion explores the transformative impact of AI on access to legal services, the operational overhaul of legal tasks through large language models, and the future implications for lawyers, courts, and clients. Damien shares insights on his groundbreaking work in automating legal processes, addressing the challenges of legal backlog, and the potential for AI to democratize access to law worldwide. The episode also touches on the impact of AI on litigation strategies, private versus public legal data, and the future landscape of legal arbitration.

00:00 Introduction and Guest Welcome

00:44 Part One

00:52 Damien's Background and TED Talk

01:30 Part Two

01:30 Introduction to V Lex

02:30 The Role of AI in Legal Research

03:41 Disrupting the Legal Profession

07:54 Democratizing Access to Law

09:13 Challenges and Opportunities in Legal Tech

17:59 AI's Impact on Legal Disputes

23:58 The Role of Non-Lawyers in Legal Services

25:28 Democratizing Access to Law

25:58 Part Two

26:08 Economic Impacts of Legal Tech

26:59 Jevons Paradox and Legal Work

28:35 AI in the Judicial System

34:55 Global Implications of Legal Tech

38:18 AI's Limitations and Future in Law

46:45 Copyright and Patent Innovations

48:28 Conclusion and Future Prospects

49:12 Credits

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