Generative AI is stirring excitement and potentials within the legal sector, although its impact in sparking a wave of fresh business startups, particularly in Canada, appears to be lacking. In view of several Canadian legal tech firms, the ubiquity and affordability of generative AI leaves scant room for novel enterprises to establish viable products. Read more on Law.com
Despite this, existing companies are seizing plenty of opportunities. They continue to collaborate closely with their clients to refine and perfect their offerings. The full scope of implications and prospects surrounding generative AI’s influence in the legal realm continues to unfold.