posted on 25 07,2018 / 11:58 am
Lawyers, like everyone one else – is affected by the way technology is evolving to assist us and perform tasks in the digital landscape of business today. Not only is the requirement for data at an all-time high, but the intelligent application of systematic tools to analyse this data into useable forms has become even greater. In order for legal professionals to stay on top of their game and law firms to remain competitive among peers, the efficiency and speed with which cases are dealt with is ever increasing. There are many companies offering technology services that use artificial intelligence to assist solicitors and law firms to advance beyond the mere availability and use of data.
“Constantly think about how you could be doing things better. Keep questioning yourself” ~ Elon Musk. What makes artificial intelligence so interesting is the application thereof to solve problems and continuously deliver better products and services. Simply stated, AI can be considered as the next generation of technologies which carry out tests to evaluate data. This means that AI can be particularly effective at finding results when applied to on interactions with users. For example, a Chabot on a law firm’s website can make a connection with a potential client and already collect the data and requirements of service based on a series of questions. Thus providing the technology for the initial contact intelligently as well as collecting data essential for business.
Other Areas Where Artificial Intelligence is Being Applied in Law
– Simplified methods of document discovery. Finding relevant information based on the AI program’s ability to sample data and identify what is relevant can be faster and more accurate.
– Improved methods of legal research through automated searches that are remembered and indexed intelligently.
– AI can assist in identifying patterns and mistakes (through learning) with contract and legal document analysis, thus streamlining tasks such as proofreading, error correction, and document organization.
In conclusion, it is easy to recognize that saving time can save money – but more importantly spending less time on mundane tasks can improve productivity. If lawyers can save time they can spare their creative energy for addressing the more important aspects of each case. Not to mention the reduction in stress and improved workflows that is the obvious result.