In this episode of Further Comments, hosts Damien and Horace dive into the state of knowledge management (KM) in the legal industry, discussing why traditional KM practices fall short and how artificial intelligence (AI) can revolutionize the field. Horace shares insights from interviews with KM leaders and discusses the implications of AI innovations like large language models on the future of legal practice. The episode covers the challenges of data organization, the role of AI in legal support, and the importance of capturing data exhaust. They also explore the concept of 'good enough' AI tools and the potential for open-source solutions to democratize access to sophisticated legal technologies. Tune in for a deep exploration of KM and AI's transformative potential, set against the backdrop of an industry ripe for innovation.00:00 Introduction and Greetings00:32 Upcoming Seminar Announcement01:25 Why Your KM Sucks01:45 Interviews with KM Leaders02:07 AI and Knowledge Management02:37 Misconceptions About AI in Legal Tech03:49 The Role of AI in Legal Work05:38 The Future of Legal Contracts and AI13:53 Binding Bot Arbitration and Access to Justice15:39 AI's Impact on Legal Support Staff19:19 KM Teams and AI Integration21:24 The Goal of Knowledge Management21:55 Taxonomically Tagging 'It Depends'22:10 SALI and FOLIO's Collection Efforts22:55 Top-Down and Bottom-Up Ontologies24:03 Creating an Expert System24:47 Challenges in Knowledge Management25:36 The Role of Large Language Models28:46 Data Exhaust and Its Value33:38 The Future of Context Windows34:55 The Importance of Tagging and Quality Control40:06 Optimism in Open Source42:16 Upcoming Guests and Closing Remarks

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