AI

Legal Research, AI and the Canary in the Mineshaft

Legal Research, AI and the Canary in the Mineshaft

One of the sobering experiences of training to be a lawyer – the dawning realisation that it isn’t all dramatic cross-examination and fighting for the underdog – is legal research. Like learning a new language (let’s say, German), it’s a long and often tedious process. Some trainees, admittedly, seem

Valuation and Treatment of Business Interests on Divorce in England and Australia

Valuation and Treatment of Business Interests on Divorce in England and Australia

‘The valuation of private companies is a matter of no little difficulty.’[[1]] The definition of ‘value’ is the present value of expected future net economic benefits to be generated by an asset. This definition alone gives an indication as to the complexities in arriving at a reasonable value of

AI and Family Law

AI and Family Law

Breakfast meeting, Support through Courts, 8 October 2024 AI has the real likelihood of transforming the practice of family law solicitors more than the major conceptual changes from the Children Act, the seismic shift from White or the speed of response needed from lis pendens of EU law – a transformation

Tech Corner: Ethical AI for Family Lawyers

Tech Corner: Ethical AI for Family Lawyers

A conversation between Kay Firth-Butterfield and Rhys Taylor Rhys Taylor: Could you tell me about your current role please? Kay Firth-Butterfield: Currently, I run my own consultancy, education and thought leadership company called Good Tech Advisory through which I give speeches and help companies and countries think about their design,

Fabricated Judicial Decisions and ‘Hallucinations’ – a Salutary Tale on the Use of AI

Fabricated Judicial Decisions and ‘Hallucinations’ – a Salutary Tale on the Use of AI

The Information Commissioner’s Office defines Artificial Intelligence (AI) as ‘an umbrella term for a range of algorithm-based technologies that solve complex tasks by carrying out functions that previously required human thinking’.[[1]] There can be no doubt that the use of AI within the legal market is growing rapidly.

Are You There ChatGPT? It’s Me, Charlotte – ChatGPT, Generative AI and the Law

Are You There ChatGPT? It’s Me, Charlotte – ChatGPT, Generative AI and the Law

Readers will probably have heard by now of OpenAI’s ChatGPT. Many of you will have experimented with it, or one of the other available generative artificial intelligence (AI) models such as Microsoft’s Bing. If you have not yet utilised any of these new technologies, you will very likely

Mltpl: A New Business Valuation Tool

Mltpl: A New Business Valuation Tool

Introduction Business valuations are often associated with high costs, long delays and, in many instances, subjective analysis and unsupported conclusions. Inevitably, questions arise as to their utility, given their inherent fragility. It does not have to be this way. Mltpl is a new automated business valuation software that uses cutting