The Future of Law Is Today
Summary Kenneth Carter shares his journey from being a lawyer to founding Ozeki, a legal tech company focused on automating and enhancing negotiation processes. He discusses the limitations of generative AI in legal contexts and introduces the concept of “artificial discretion” as a more effective approach. The conversation explores the nuances of negotiation strategies, the role of trust in negotiation, and the evolving landscape of legal careers in the face of automation, emphasizing the need for a multidisciplinary skill set in the future of law. The Future of Law Is Today is the official podcast of The Legal Tech Guide (thelegaltechguide.com [http://thelegaltechguide.com]). Takeaways * Generative AI has limitations in legal applications due to its tendency to hallucinate. * Effective negotiation requires understanding both parties' values and needs. * AI can augment human negotiators rather than replace them. * Negotiation is about creating value through trade-offs, not just redlining documents. * Building trust in negotiations involves sharing selective information. * A diverse skill set enhances problem-solving capabilities in law. * Young and future lawyers should embrace multidisciplinary approaches to their careers. * The legal profession is evolving with the tech. * Creativity and adaptability are essential for success in the changing legal landscape. Chapters 00:00 From Lawyer to Founder: A Journey of Optimization 02:57 AI Beyond LLMs and Language Generation 04:41 Agentic AI: the New Frontier 11:18 Agentic Legal Tech to Automate Negotiation, Not Document Generation 14:03 Creating Value by Fixing the Broken Negotiation Process 19:52 Building Trust in Negotiations: The Indifference Curve 22:18 Coming Up With the Ozeki Name 24:24 Advice for New and Aspiring Lawyers: Embrace Multidisciplinarity 28:55 Keeping It Human: Modeling for a Children’s Book Keywords legal tech, AI, negotiation, law, future of law, legal careers, technology in law, discretion, negotiation strategies
19 episodes
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