Paul Weiss Assessing Value of AI, But Not Yet on Bottom Line

For a world that bills by the hour, generative AI is still getting a lot of leeway before having to prove a return on the investment.

The artificial intelligence boom has many predicting a transformation in how lawyers work. But law firms are largely still testing the software and moving carefully as they figure out how to navigate generative AI’s well-publicized risks, including the accuracy problems known as hallucinations and threats to confidential client data.

At Wall Street firm Paul Weiss, AI testing has included nearly a year and a half using the legal assistant tool known as Harvey. The ...