sa 1587215940 Artificial Intelligence Shaping The Legal Sector Of Today - Artificial intelligence in Commercial and Business Law

How Is Artificial Intelligence Shaping The Legal Sector of Today

There isn’t any denial that Artificial Intelligence (AI) is one of the latest technologies that is gaining popularity rapidly. Its effect is visible in almost every sector of the world. The presence of AI is quite evident in the courtrooms too. As pointed out in the previous article, Legal tech is the latest trend in today’s time! Law firms are using different technologies to manage their tasks much more efficiently.

How is Technology Overtaking the Markets?

Here’s what Maryam Salehijam, a book author who has an LLB and Ph.D. in Law, has to say on the topic:

“Fortunately, we live in the age of technology, which means we have new solutions to the age-old problem of billable hours.  In the past, legal technology was considered by some to be a threat to law firms by undermining the billable hour model and breaking the lock that lawyers once held over legal information. However, it is clear that if a law firm implements the right technology, it can stay ahead of its competitors and help its lawyers to reach their professional goals.”

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The Competency Brewing up

It isn’t just about the technology entering; it matters how efficiently it is being used too. There are multiple ALSPs and the Big 4 accountancy firms that are a competition to the other firms in the legal industry. Amidst all the competition, technology is one of the biggest factors that aid in the success of any firm in the legal business.

Thoughts of Benjamin Alarie

Benjamin Alarie is the CEO of Blue J Legal. Blue J Legal is a brand in itself and leads the industry in developing legal technology powered by machine learning. The main aim of the company is to help tax practitioners gain unparalleled visibility into challenging areas of law.

Benjamin states: “In the immediate future, AI will enable lawyers to focus on the highest value work for their clients. Machines can handle much of the busy work that used to eat up hours of time, and AI is increasingly being applied to more complex tasks. This frees up human expertise to think more creatively and effectively, once freed up from the minutiae”.

Five Roles of AI in the Legal Industry

Automated Legal Services

Regardless of how amazing your team of customer service reps are, they will experience bad days from time to time and get exhausted. After all, they’re only human. A sophisticated AI might actually become a perfect representative. Bots never get frustrated, never have a bad day, and never, ever, accidentally say the wrong thing in front of a customer.

Judge Bots

While Artificial Intelligence assistants can support judges in their decision-making process by predicting and preparing judicial decisions, robot judges can replace human judges and decide cases autonomously in fully automated court proceedings. Take Xiaofa, for instance; a robot stands in Beijing No. 1 Intermediate People’s Court, offering legal guidance and assisting general society with getting hold of legal terminology.

Artificial Intelligence Partners with Lawyers

With the time savings of automated review, research, and document quality control, artificial intelligence frees up attorneys’ time and mental energy for higher-level work. This enhances creativity, allowing attorneys to add unique value and focus completely on the work that computers can’t do.

Other tasks that can be done by AI which can be handy for lawyers are:

  • E-Discovery
  • Legal research
  • Document management and automation
  • Due diligence
  • Litigation analysis
  • Increase productivity
  • Improve access to justice
  • Better client-centered experience

What Does the Future of Law Hold With Artificial Intelligence Coming in?

The innovation being brought by AI into the legal industry is completely going to change the face of the sector.

There are endless backlogs in many court systems, even today. With AI coming in, individuals will be able to get better and quicker access to justice. The technological aspect has already made a lot of advancements in legal businesses. For instance, people can submit their arguments and evidence through a dedicated online medium. Thereby moving the judgments on the internet and reducing time in the courtrooms.

In the future, with AI booming up, legal tech is only going to get better. Rather than just the decisions being made online, it is going to be much more than that. For instance, AI will result in the creation of a system where the tech product will be able to guide people too. There will be a diagnostic system where can people can get guidance about the various legal options they have.

Also, they can understand about assembling of evidence, alternative ways as solutions for disputes, etc. Further, AI is of great use when it comes to making predictions. Thus, one can expect a system with the most likely outcomes for a particular dispute.

Artificial intelligence and legal sector

Support From Those in the Industry

The biggest roadblock at any point in time is going to be the political aspects of bringing in this technological change. The support of lawyers, firms, and judges is essential to shift more towards legal tech. Also, to switch to simplified ways to make court systems much more efficient.

 At the same time, the law institutions imparting education should change the curriculum to generate 21st-century lawyers. The 21st-century lawyers can take the legal industry forward at a quicker pace.

Final Words About Artificial Intelligence

It is supposed to be an accumulation of efforts from the universities teaching law, lawyers in practice, judges, and law firms. This effort is essential to bring about this technical change for the better. Artificial Intelligence has the potential to bring about massive innovation and make the system of courtrooms much more effective.

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