1. AI for Legal Research
AI is now capable of reading millions of pages of law in mere seconds. This technology can scan legal documents to highlight specific pages for attorney review. This way, there is no need to charge for the time spent performing legal research. Lawyers who make use of AI for discovery really do enjoy a competitive advantage. When used properly, AI empowers attorneys to analyze massive amounts of information in little time and take on that many more clients.
2. AI for Document Review
AI is now capable of reviewing documents and highlighting them as important for specific cases. This tech identifies documents based on relevancy then sets its learning algorithms in action to pinpoint documents with similarities. In the end, this technological assistance ultimately reduces attorney workloads. Perhaps more important is the fact that AI heightens the efficiency of contract revisions by identifying standard clauses for specific applications. AI sorts problems faster with as few mistakes as possible. The bottom line is humans make mistakes that today’s AI does not.
3. AI for Predicting Case Results
AI has advanced to the point that it can store years or decades of legal information, analyze it and detail the chances of a successful outcome. This tech reveals information about similar cases, making it easier to determine if settling or pursuing litigation is the best course of action. Attorneys who use AI for this purpose will spend that much less time analyzing, negotiating and attending court hearings. Though attorneys do not strictly follow the guidance provided by AI programs, the information revealed by this amazing technology certainly proves insightful when determining how to proceed with legal cases. Law firms will continue to use AI to predict legal outcomes as we rapidly transition to a brave new high-tech era of work and life.