AI/ML Applications in Law and Compliance

Summary: Some industries are a clear slam-dunk for AI/ML applications and some less so. The legal, regulatory, and compliance businesses (law firms, internal legal departments, and the contract review and regulatory compliance departments of heavily regulated industries) fall in this last category. This is a review of seven companies found by TopBots to be successful; pointing to opportunities others can follow. Remember just a few years ago when we were looking forward to now or a little beyond and imagining what applications AI/ML would have in different industries. Some of those prognostications were slam dunks as they applied to customer propensity or using machine vision to count whatever widgets you were interested in.