How You Can Use Digital Technology to Benefit Your Firm
Artificial intelligence, or AI, is no longer the stuff of dreams. It’s here and it’s available to help you streamline your law practice. If you’re looking for ways to more productively serve your clients, or reduce time spent on repetitive or monotonous tasks, AI can help. Here are some ways you can harness the power of AI to benefit your practice:
- Legal research — Prototypes exist of “AI lawyers,” machines that can perform many of the mundane jobs lawyers spend hours doing every day. For example, one AI lawyer can peruse more than a million pages of content per second, zeroing in on the cases and precedent necessary to structure a sound legal argument. That can expedite research and save clients substantial money. AI means that you can conduct legal research anywhere you have a connection—without a dedicated terminal—on a desktop, laptop, tablet, or smartphone. With the right tools, you can instantaneously conduct a search in the middle of a trial or even in the middle of a cross-examination.
- Discovery — AI also offers substantial promise as a tool to simplify, streamline, and ensure greater accuracy in the discovery process. AI can be used to review vast quantities of documents, confirm information, identify potential areas of concern, and shorten the discovery period. That can allow attorneys to handle more cases and generate more revenue.
- Document review and filing — AI offers the potential to sort documents by type or case. For example, algorithms can be created to allow AI to identify and flag different types of contracts. In addition, you can set up the AI to recognize whether certain clauses are in a contract and even to verify that information in a contract (for example, a legal description of property) is accurate. AI will help you ensure consistency in the contracts or pleadings you prepare, and can notify you of filing or contract dates.
- Helping you decide whether to go to trial or settle — With access to the right data and the proper artificial intelligence, you can make better decisions about whether or not to pursue a settlement. AI can provide years’ worth of statistics about prior results in cases similar to yours, giving more confidence in your ultimate decision.
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