Recently, while OpenAI is facing several lawsuits alleging potential infringements of privacy and intellectual property rights in multiple jurisdictions across the world, it simultaneously spotlights the ethical conundrums surrounding the intersection of artificial intelligence and law and underlying the shadow of technological advancement in legal frontiers. It is hence indispensable to appreciate the contours of such convergence at this juncture in order to assess whether the growth of artificial intelligence in legal sector satisfies the test of time and effectiveness. The present research article thus focuses upon analyzing the bright sides, the challenges and the far-reaching impact associated with the intersection of artificial intelligence and law.