Does that mean we don’t need lawyers anymore? – Not so fast – Let’s see how AI Changing The Legal Community…
In the legal community, AI is expected to have a significant impact on the way consultants use technology in the home, and we expect that to happen. Many lawyers believe this is all new because they have heard so much about artificial intelligence (AI) and its potential impact on legal practice. AI, or artificial intelligence as it is used to simulate human intelligence and decision-making, has been the subject of much research and development in recent years.
According to our 2017 report, more than 90% of lawyers and bar associations in the US agree that AI will become commonplace within the legal profession within the next decade. Lawyers will not be able to prevent AI from entering the market, but they will be able to use AI to provide a much larger group of clients with more efficient and affordable legal services.
The integration of AI into the legal profession will significantly impact law firms’ business model and change the dynamics of jobs in the legal sector. AI legal technology will not replace lawyers, but the tools will dramatically change both the way lawyers provide services to their clients and the way they do their work.
Businesses are starting the future of the law by consolidating their decisions about what instruments to adopt and by eyeing even advanced technologies with suspicion. If lawyers are to become more familiar with artificial intelligence, a good start is to acquire a good understanding of its potential applications in the legal profession. Many law schools design curricula to introduce law students to artificial intelligence.
The academic community believes we are in a hurry to jump on the AI bandwagon. Just as lawyers evolve to use computer technology, they can do so in the legal profession.
The impact of AI on the legal profession will give lawyers more time to engage in more complex tasks, rather than sorting through volumes of data. The real worry is that legal-department executives and law firms will find that traditional values are being replaced by competitors that use AI to maximize data and improve service. Legal technology is improving and customers will focus on understanding the technology and the results of AI. Legally, the efficiency of new products will be undeniable and we will put pressure on our legal industry to adopt them. Law firms with their headquarters in-house or outside the firm will always be able to supplement their technical requirements with allied professional firms.
We conclude by arguing that strengthening patent rights for artificial intelligence and looking at other legal forms, such as antitrust, do not hold much promise for achieving genuine artificial intelligence. Rather, law schools, law firms, and lawyers should work to harness the power of artificial intelligence to better channel big data, improve the legal profession, and accelerate in the evolving world of digital technology. Work to familiarise lawyers with artificial intelligence-related legal cases and methods that they can propose to judges, and provide neutral information relevant to artificial intelligence in court.
This will allow lawyers and policymakers to enact and implement laws that help society mitigate the impact of artificial intelligence on society and the potential ethical dilemmas that it creates, without stifling innovation. This primer on artificial intelligence for the legal profession is intended to familiarise lawyers with the concept of artificial intelligence and its application in legal practice. The discussion aims to increase the understanding of artificial intelligence in the legal profession.
AI is causing dramatic changes in the legal industry, and general counsel must develop internal measures to ensure that their organizations are always ahead of the game. As companies take advantage of AI, business consultants must also develop strategies to ensure that AI is successfully implemented in legal departments, according to a recent report by the American Bar Association.
Improving the awarding process is an exciting feature of AI, and several companies offer sophisticated AI systems. Technology is only one part of this, but it is accelerating the process of changing the way law firms generate money and how lawyers deliver value. In our recent article “Automating the Lifecycle of a Lawyer: The Future of the Legal Industry,” we discussed the need for more law firms to expand their services, and the potential for artificial intelligence in the legal industry.
Here we look at how AI is changing everyday legal practice by changing the profession and skills that lawyers need. We are investigating the stages of incorporating artificial intelligence into the law, all of which are created by a combination of technology, business models and the needs of the legal community as a whole. How does AI affect law firms, lawyers, law schools and law enforcement?
AI is also changing legal marketing and the way lawyers market themselves and interact with consumers. AI automates the marketing process and seems unstoppable, but it is changing not only the way lawyers market themselves, but also the way consumers are connected.