AI is already transforming the legal profession by improving efficiency, for example saving time on mundane tasks. Some of the main types of AI used within the legal sector include:
- practice management automation
- predictive coding
- document assembly
- contact creation
- client letters
- classifying documents
- prioritising cases
- managing contracts
- financial management and business planning
- legal research
- case outcomes
- voice recognition
- social media post management
- website 24/7 chatbots
We would love to hear about how you use AI in your practice?
AI can also pose risks such as biased data, lack of accuracy and accountability, and amplification of a bias from naturally skewed data. Despite this, AI can play a hugely valuable role in researching and putting cases together by quickly assessing documents and case law and help recognise key legal concepts and arguments.
As AI grows it will offer affordable solutions to all sizes of law practice and its adaptability across law firm departments will make tasks superefficient. As its advantages grow, it will eventually out-weigh any descision to not use AI. The time-saving, distribution of resources and increased productivity provided by AI will be difficult to ignore.
Our next article delves deeper into examples of how AI is used in law practices.
