The rise of artificial intelligence mistakenly gets a bad rap because people think it will decrease the job market. However, the opposite is actually true. AI will help free up a lawyer’s time that can often be bogged down in repetitive and mundane tasks. This ultimately allows lawyers to increase efficiency and focus on higher-level billable tasks, such as advising clients, negotiating deals, and appearing in court.
Here are three examples of where AI has made an impact in the legal industry so far:
- Systems such as Ross Intelligence help eliminate many of the common due-diligence errors, which are often the result of lack of time to conduct a thorough investigation.
- AI can also sort through documents in a fraction of the time, easily picking up on deviations from standard contract wording, pointing out changed areas or sections where lawyers should give a more thorough review.
- With predictive coding, lawyers can upload relevant and non-relevant documents into a system so that data can be located more efficiently than traditional, Boolean-based logic.
Learn more about the “Real Uses of AI in Law Firms.”