Artificial Intelligence trends and their impact on the legal sector

Artificial Intelligence trends and their impact on the legal sector

Robot human hand connectionWhile Artificial Intelligence (AI) is not new to the legal space, only now is it starting to gain real momentum, and lawyers can expect to feel the impact as the technology promises to change the way law firms do business. The legal sector is still in the early stages of discovering the full potential of AI; however innovative firms should take advantage of current and emerging technology if they wish to be market leaders in the industry.

What exactly is AI?

Often called cognitive computing or machine learning, AI is computers completing tasks traditionally performed by people. One way that AI has affected the legal space is its ability to process data to find patterns, perform tests, analyse and evaluate data to produce a set of results.

The law’s framework of rules makes it ideal for applying AI systems, where computers will process those rules, enabling them to complete tasks usually performed by lawyers. In simple terms, AI technology works by applying an amount of sample data and outcomes, previously examined by a professional, to a cognitive system, which is then able to analyse large amounts of data at high speed to produce a faster and more accurate result.

The goal of AI isn’t to change the nature of legal work or replace human lawyers, but to enable lawyers to concentrate on more cognitive tasks such as developing legal arguments, instead of spending long periods of time on routine duties like drafting and reviewing documents, extensive research of case files and other un-billable tasks.

Not only does the application of artificial intelligence save time in multiple areas, it also reduces human error or fatigue. However, AI presents its own set of risks including technology or algorithm errors, and inaccurate application, which may

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About the author:
Sophie Gould is the Head of Lexis®PSL In-house. Sophie worked as an in-house lawyer for 10 years including seven years as Head of Legal for Virgin Radio and Ginger Media Group. She has also run a legal risk and compliance training business.

 

Since joining LexisNexis in 2009 Sophie has worked on developing our legal and business content for the in-house legal community.  She also runs various networking and mentoring groups for in-house lawyers and works with schools to promote social mobility within the legal profession.