In this episode of Further Comments, hosts Damien and Horace dive into the state of knowledge management (KM) in the legal industry, discussing why traditional KM practices fall short and how artificial intelligence (AI) can revolutionize the field. Horace shares insights from interviews with KM leaders and discusses the implications of AI innovations like large language models on the future of legal practice. The episode covers the challenges of data organization, the role of AI in legal support, and the importance of capturing data exhaust. They also explore the concept of 'good enough' AI tools and the potential for open-source solutions to democratize access to sophisticated legal technologies. Tune in for a deep exploration of KM and AI's transformative potential, set against the backdrop of an industry ripe for innovation.
00:00 Introduction and Greetings
00:32 Upcoming Seminar Announcement
01:25 Why Your KM Sucks
01:45 Interviews with KM Leaders
02:07 AI and Knowledge Management
02:37 Misconceptions About AI in Legal Tech
03:49 The Role of AI in Legal Work
05:38 The Future of Legal Contracts and AI
13:53 Binding Bot Arbitration and Access to Justice
15:39 AI's Impact on Legal Support Staff
19:19 KM Teams and AI Integration
21:24 The Goal of Knowledge Management
21:55 Taxonomically Tagging 'It Depends'
22:10 SALI and FOLIO's Collection Efforts
22:55 Top-Down and Bottom-Up Ontologies
24:03 Creating an Expert System
24:47 Challenges in Knowledge Management
25:36 The Role of Large Language Models
28:46 Data Exhaust and Its Value
33:38 The Future of Context Windows
34:55 The Importance of Tagging and Quality Control
40:06 Optimism in Open Source
42:16 Upcoming Guests and Closing Remarks