Cheaper, Faster and Better? AI and the Future of the Profession - ADR Toolbox

With artificial intelligence (AI) in law, the question gets particularly interesting, as on the one hand, the technology could in theory mean easier access to legal services for those who cannot afford it. On the other, lower costs mean less resources to spend on new attorneys and on maintaining those whose work could be done faster, cheaper and arguably better by a machine. Some law firms are already making the transition to AI . Among them are Reed Smith (which adopted RAVN's document analysis tool), Baker & Hostetler (which adopted ROSS for legal research), DLA Piper and Clifford Chance (which both entered contractual agreements with Kira Systems this summer). And while some partners and clients may rejoice in the benefits of stacking AI against some of the biggest challenges facing law firm budgets today, some find the technology to be a threat to the profession.