Everything seems to be shifting in the contemporary world. New technologies emerge every single day, and these technologies tend to change our lives for the better. One of the most impressive technologies in recent times is the development of artificial intelligence. The technology has been adopted by a number of organisations, including multiple law firms across the globe. Let’s take a look at how AI has affected the sector below.
Quality and efficiency
We all know artificial intelligence can now mimic the human mind and execute tasks that once relied upon rational human intelligence. This provision has helped the legal system improve the quality of their services and the efficiency of their processes.
AI for reviewing and researching
Researching and examining legal documents can be a tedious task facing many lawyers and judges, but this research is crucial in determining the direction of a case. The implementation of artificial intelligence through data mining techniques helps in the process by scanning and analysing documents of interest and coming up with results or sections that would be of much help to lawyers, judges and other legal sector professionals.
Performing due diligence
Dynamic business environments require help and expertise from the legal sector when it comes to signing and sealing contracts. However, this work is time-consuming because legal professionals are required to perform a comprehensive review of the documents and perform due diligence. AI, however, can conduct such tasks on the prospective partner and draw valid conclusions based on investigative results. At the same time, the technology can scan through documents, actively picking out elements that can potentially affect a client, such as the fraudulent misrepresentation of facts and figures.
Cheap to operate and run
Litigation processes have been made cost-efficient by the use of artificial intelligence. Back in the day, the process of collecting evidence and other relevant information was tedious, time-consuming, and expensive. Today, collecting electronic data and information is done with the touch of a button.