What are the advantages of AI in the legal sector?
Intelligent Interfaces which can provide a degree of guidance to those both who are legally trained and those who are not to assist with the completion of more basic forms and legal documents.
As a direct result of improving performance in these key areas, client service delivery has already been improved drastically by the early adoption of these technologies into the modern, more technologically proficient legal practices. We look forward to a future where these technologies can be linked together and will operate in tandem to allow us to deliver better client service and help us forge long-lasting relationships with our clients.
Where are the tangible benefits for clients though and what are the likely impacts of Artificial Intelligence on the sector as a whole? There are numerous ways in which clients can hope to see marked improvements in the way that business is conducted amongst the top legal practices. First of all, an overall reduction in costs and time wasted is likely to be seen as a result of increased automation and the provision of self-service options for clients relating lower level legal work such as standard contracts, non-disclosure agreements, discovery, and document review. This, in turn, will allow firms to refocus their attention on more high-value work and lead to a situation where established global giants will be competing with specialist boutique firms for high value, technical legal issues.