The Tech Revolution in International Arbitration: The Impact and Use of AI on Lawyering and Adju...*

Описание: Please note that this summary of the panel was AI-generated and therefore has not been fully vetted for accuracy.

The session on Day 4 of Washington Arbitration Week, hosted by Ian Laird from Crowell & Moring, focused on the transformative impact of artificial intelligence (AI) in international arbitration. The panel featured notable participants including Annie Lesperance, Liz, Kelly Bellina, and Jeff Singer, who shared insights on the current and potential uses of AI in legal practices.

The discussion began with an overview of the various applications of AI in arbitration, particularly in streamlining research and analysis of lengthy arbitration awards. Liz highlighted her use of AI tools like ChatGPT to efficiently handle extensive data sets and summarize key arguments in arbitration cases. Kelly emphasized the importance of AI in enhancing legal research and document preparation, while Jeff discussed the ethical considerations and limitations of AI in his role as an arbitrator.

The panel also addressed the risks associated with AI, such as the potential for inaccuracies, biases in data sets, and the challenges of handling complex legal tasks. They noted the importance of verifying AI-generated information to maintain the integrity of legal work. Emerging guidelines and regulations were discussed, with JAMS and the Silicon Valley Arbitration & Mediation Center taking proactive steps to establish frameworks for the use of AI in arbitration.

Looking ahead, the panelists expressed optimism about AI's potential to revolutionize legal practices, reduce reliance on junior associates for routine tasks, and shift business models away from traditional billable hours. They emphasized the need for ongoing training and adaptation within law firms to effectively leverage these technologies.

The session concluded with a call for collaboration among legal professionals to navigate the evolving landscape of AI in arbitration and to ensure that its implementation enhances access to justice and efficiency in legal processes.

Authors: Annie Lesperance, Kelby Ballena, Jeff M. Senger, Esq, Elizabeth Dye, Benjamin I. Malek