Artificial Intelligence and Transactional Practice

Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City.

Episode Description: 

Michael Regan (Fordham Law ‘24) and Jennifer Greenberg (Fordham Law ‘24) interview Daren Orzechowski, Partner, Global Co-Head of Technology, Allen & Overy LLP about artificial intelligence and transactional practice. They cover the impact of the growth of AI on legal practice for entrepreneurs, key AI considerations for entrepreneurs and the changing role of lawyers as AI technology continues to improve. 

Episode Roadmap:

• [:34] Third year Fordham Law students Michael Regan and Jennifer Greenberg introduce themselves and their guest  Daren Orzechowski. 

• [1:25] The application of artificial intelligence as it applies to the legal and entrepreneurial space. 

• [2:32] The impact of AI technology on both transactional practice and business owners. 

• [3:55] The impact of the growth of AI on legal practice for entrepreneurs. 

• [5:06] Law firm pain points that AI has the potential to help resolve. 

• [6:22] Considerations for entrepreneurs who want to use AI instead of consulting a law firm. 

• [8:38] Key points for helping clients understand the integration of technology into legal work. 

• [10:50] Daren’s preferred AI platforms in the office. 

• [12:20] Challenges that accompany AI solutions, including ethical biases. 

• [14:18] Possibilities in the future of startup companies as AI continues to develop. 

• [15:20] The role of lawyers in critical decision making as AI improves. 

• [17:13] Tactics for effectively implementing AI technology in legal work. 

• [19:21] Daren’s recommendations for new lawyers as they transition into the office. 

• [22:44] Who holds the keys for the responsibility of AI? 

Tweetables:

• “Artificial intelligence is very much in the public discussion right now.  There’s a lot of confusion about what it is and what it isn’t.” - Daren Orzechowski

• “AI presents a lot of different possibilities where people can be developing solutions either out of existing platforms or out of new offerings that can help law firms of all sizes.” - Daren Orzechowski

• “Technology can’t be used for all things, it has to be used for certain things and we have to use it in a responsible way.” - Daren Orzechowski

• “Lawyers are going to continue to play a tremendous role in this process [as AI improves].” - Daren Orzechowski

• “This is not the end of lawyers.  AI is not a replacement.” - Daren Orzechowski

Additional Resources:

• Fordham’s Entrepreneurial Law Clinic

• Follow us on Twitter @FordhamELC

Sponsors:

• Nasdaq Educational Foundation

• Fordham’s Entrepreneurial Law Advisory Council

Disclaimer:

The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Po