According to an article from Canadian Lawyer, the LegalTech Summit in Toronto, scheduled for June 12, 2024, will explore the transformative effects of artificial intelligence on the legal profession. Panelists, including experts from prominent law firms such as Norton Rose Fulbright Canada LLP and McCarthy Tétrault LLP, will discuss how generative AI can enhance productivity and require new skill sets from legal professionals. They emphasize that AI can automate routine tasks such as document review and analysis, which allows lawyers to focus on more complex skills like empathy, creativity, and client relationships.

The summit will also address the shift from traditional billing methods to alternative fee arrangements, driven by AI's efficiency in legal service delivery. Despite these advancements, the panelists acknowledge that the future of the legal profession remains uncertain, as the rapid changes brought by AI continue to evolve.