Artificial Intelligence (AI) or computer intelligence is known as the capability of computers to learn from information and adapt accordingly to perform various tasks. In the legal department, AI is already in action – with helping lawyers as well as clients. There are many different ways in which AI has been applied, some of these are:
- Assisting lawyers in conducting research regarding the case
- Producing insights into case and finding loopholes
- Automating legal processes
- Generating results that predict litigation outcomes
- Automatic and electronic billing
LegalMation is a technology company that works to revolutionize the practice of law via technology. By providing cutting-edge AI tools to practicing attorneys and legal professionals, LegalMation produces pleadings, allegation, discovery requests and responses, response strategy, formatting, etc. It is the first company that focuses only on AI to enhance litigation tasks and provide out-of-the-box solutions.
With platforms in New York, California, Texas, Florida, and New Jersey LegalMation has acquired 50% of the nation’s AIlitigation volume. The CEO of LegalMation, James M. Lee, states that the mission of the company is to assist attorneys in using artificial intelligence for routine tasks so that they can focus on more important strategies and decisions.
Pros and Cons of AI Lawyers
The advances in technology over the years have sped up the process of developing and integrating artificial intelligence in numerous public and private sectors. There is no doubt that AI possesses transformative features. However, there are legal concerns that have been raised.
One major concern that comes with AI is the fact that judgments may not always be right. Artificial intelligence produces outcomes with the help of algorithms. This is a big drawback of AI because people do not work on algorithms – AI treats humanity as a commodity. Unless until all possible have been anticipated and programmed, AI can produce bad judgments.
Moreover, several attorneys have expressed concerns of the cost of purchasing and supporting AI technologies. Another concern is that of reliability, confidentiality, and ethical considerations. Attorneys doubt the fact that AI is not equipped to handle situations where ethical considerations need to be contemplated. Lastly, the accountability factor comes in. Humans when making an error can be held accountable and asked why the mistake was made. If an AI system overlooks something important, there would be no explanation.
AI Can Improve Efficiency at Legal Firms
However, many firms, especially big legal firms believe that AI can improve efficiency and save time. AI can analyze data more thoroughly and quickly compared to humans. Moreover, AI can also find potential errors. AI consists of many tools, including predictive coding, which can be used to identify risks and mistakes ahead of time.
There is no doubt that AI can produce a higher quality of work because AI, unlike humans, does not get bored, distracted or tired. This means that efficiency is always 100%.
What Does AI Mean for Lawyers
AI does not mean that lawyers are out of a job, it simply means that now they have a tool that assists them in their work. Not only does it decrease the overall frustration and stress of an attorney it also cuts down the time taken with hours of case studies and researches. All in all incorporating AI can create positive momentum in a law firm – which then creates stronger and better client relationships.