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International In-house Counsel Journal logoInternational In-house Counsel Journal logo

The Rise of Generative AI: Benefits and Dangers for Professionals

Abstract

It is, of course, the topic of the moment. It is producing both fear and excitement in roughly equal measures, particularly for the legal profession. However, the important point is that, for the legal profession especially, doing things in the same old way is no longer an option; in fact, it is increasingly a recipe for disaster. I believe that those who are prepared to innovate and embrace what is increasingly becoming known as the 4th Industrial Revolution are the ones who will prosper. In addition, the generations that follow me have been raised in a world where the internet, a mobile phone, Wi-Fi, Bluetooth, “folders” on a disc drive, and so on, are simply additional natural appendages. These generations are more open to technological innovation and will increasingly occupy senior positions in all the professions. Change, as a result, will only accelerate.

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Author

Portrait image of Ian McDougall
Ian McDougall
EVP & General Counsel, LexisNexis, USA

Ian McDougall is the Executive Vice President and General Counsel for LexisNexis, Legal & Professional. Mr. McDougall is also President of the LexisNexis Rule of Law Foundation; A non-profit charitable organization registered in the US and established to advance the Rule of Law. Since 2023 he has been a Trustee and Board member of the Civil Liberties Trust in the UK and an Adjunct Professor at IE University in Madrid, Spain, teaching the Rule of Law and Artificial Intelligence & the legal profession. At LexisNexis, Mr. McDougall has stepped into varying roles, including Interim CEO – AsiaPac, Interim HR Director and Interim Managing Director for LexisNexis New Zealand. Mr. McDougall was a founder member of the United Nations Rule of Law Steering Committee and was a member of the UN General Counsel Advisory Board.

Company

LexisNexis logo

LexisNexis

LexisNexis® is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. LexisNexis is part of RELX Group and serves customers in more than 100 countries with more than 15,000 employees worldwide. Through the integration of information and technology, LexisNexis uniquely unites proprietary brands, advanced Web technologies and premium information sources. Across the globe, LexisNexis provides customers with access to billions of searchable documents and records from more than 45,000 legal, news and business sources. To help customers win in their own marketplace, LexisNexis delivers Total Solutions—innovative products and services to address specific customer needs in order to improve productivity, increase profitability and stimulate growth.

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