AI Vs. Lawyers: the race is still on!
Right from contract review and management to legal outcomes anticipation and performing due diligence to conducting legal research, the impact of AI in the legal industry is indeed worth mentioning. But lawyers, you are safe from the AI apocalypse, as of now.
The intensifying buzz and madness around the groundbreaking and revolutionary technology, AI, shows a clear indication of the fact that AI is here to stay. While negative comments have been passed on the technology, the media and popular personalities share optimistic views on AI. To add to the list, the convenience that AI provides with its blend of automation and smartness simply pulls people’s attention. The showstopper, AI has also attracted several business sectors. Enterprises facing issues in coping with efficiency, productivity, and accuracy requirements look for solutions offered by AI. And, the legal firms are no exceptions. We will soon see AI in the legal industry, revolutionizing and redefining the way legal activities have been carried out so far. AI works well for performing mundane, repetitive, and time-consuming jobs, as we all know. The legal professionals, on the other hand, are piled up with numerous tedious tasks, that actually have the scope to be automated. In this regard, AI can prove to be a strength for the law firms.
Until a few years ago, the legal industry has been least enthusiastic about new-age technologies and their adoption. Attorneys continued to get inundated by heaps of legal contracts, documents, and client information. Plus, legal research work was a time-consuming task. Such a busy schedule left them with negligible spare time at hand to take up strategic work like legal advising, studying, and preparing for their cases. But considering the immense potential that AI holds, the legal industry has now understood and realized the use cases of the technology. Soon, we will be seeing AI going mainstream, causing big changes in the legal industry.
As mentioned earlier, attorneys and paralegals have to deal with large chunks of legal data on a daily basis. The data could be in the form of contracts, case studies, client details, case proofs, and much more. They have to go through every page of every document mandatorily. Scrutinizing this tremendous level of data is easier said than done.
Along with this task, the lawyers are also expected to be available around the clock to answer client queries. Most of the times, the queries are so simple that they honestly do not require lawyers to respond personally. Here’s exactly where chatbots can play a role. With its astounding and friendly Q&A interface, chatbots can help clients with their doubts and queries. The features that make these automated agents stand out are 24*7 availability, prompt replies, and hassle-free communication. And, when the queries are beyond the relevance range of chatbots, they can even schedule appointments with lawyers.
Even though both tasks are monotonous, document analysis and legal research hold priority over the other legal tasks. These mundane tasks eat away a significant amount of lawyer’s time, slowing down other, potentially more important work. To shorten the document analysis turnaround time, there can be no better option other than AI.
