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flag Bloomberg Law report: AI transforms legal industry, bringing efficiency yet raising liability concerns.

flag Bloomberg Law's recent report highlights AI's growing impact on the legal industry, covering topics like generative AI, state regulations, and operational changes in law firms. flag AI's role in law is seen as complex, offering efficiency but also new challenges, especially regarding liability and regulation. flag Legal experts emphasize the need for clear guidelines and caution in AI use. flag The Virginia State Bar also weighed in, stating that AI use should not automatically lower legal fees, underscoring the value of lawyer expertise in applying these tools.

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