Goto

Collaborating Authors

The Future Is Now: Lawyers, Artificial Intelligence, And Data Analytics

#artificialintelligence

In my last column, I humbly welcomed our robot lawyer overlords. After it was published, a number of people called me out on social media and chastised me for joining sides with the robots so willingly. It would seem that they were decidedly unfamiliar with the well-known meme to which I referred. Well, rest assured dear readers, I have every intention to resist any and all invading robot overlords unless and until I feel that resistance will be futile, at which point I plan to blindly welcome them. And, judging by the results of two recent technology surveys, my fellow lawyers are in my corner when it comes to resisting the robot lawyers who've come to steal their jobs.


The Future Is Now: Lawyers, Artificial Intelligence, And Data Analytics

#artificialintelligence

In my last column, I humbly welcomed our robot lawyer overlords. After it was published, a number of people called me out on social media and chastised me for joining sides with the robots so willingly. It would seem that they were decidedly unfamiliar with the well-known meme to which I referred. Well, rest assured dear readers, I have every intention to resist any and all invading robot overlords unless and until I feel that resistance will be futile, at which point I plan to blindly welcome them. And, judging by the results of two recent technology surveys, my fellow lawyers are in my corner when it comes to resisting the robot lawyers who've come to steal their jobs.


The Power of AI in Legal Research

#artificialintelligence

Both Lexis and Lexis demonstrate that artificial intelligence-powered legal research is a game-changer for lawyers and their firms, helping them find relevant information faster, more efficiently and cost-effectively. Artificial intelligence (AI), of course, refers to computer software and systems that rather than only relying on pre-programmed tasks, learn, plan, reason and process natural language as they go. For years now, we've incorporated AI-powered features into our legal research platforms to drive better insights in a user-friendly way, reveal previously unknowable connections in the data and incorporate real-time developments in the law. Simply stated, AI-powered legal research platforms can help lawyers do more billable work more quickly, allowing them to spend more time putting that research to good use by counseling clients, negotiating with opposing counsel or performing other higher-level work. This is particularly important for attorneys who provide their services on a flat-fee or contingency-fee basis, where more time spent on legal research could lead to lower profit margins.


Legal Solutions

#artificialintelligence

Lawyers have long been characterized as technology Luddites who are slow to change and wary of innovation. For corporate counsel, though, this stereotype may be fading. According to the results of a new Thomson Reuters report, "Ready or Not: Artificial Intelligence and Corporate Legal Departments", corporate counsel believe they are tech savvy but acknowledge that their comfort level and confidence with technology have limitations, specifically around artificial intelligence (AI). The applications and impact of AI are growing, and AI tools will undoubtedly affect how the legal profession practices over the next decade. Consider how dramatically technology inventions have already changed the practice of law: From typewriters to computers and from fax machines to email, each advance has been transformative in the law.


Encouraging small law firms to embrace new technologies and AI

#artificialintelligence

Legaltech news recently explored findings of the American Bar Association's Legal Technology Survey Report, which showed hesitancy – particularly among smaller firms – to adopt artificial intelligence (AI) tools. Accuracy and reliability were survey respondents' top two concerns around AI. Their reluctance to embrace new technologies may be understandable. New tools can be intimidating, especially for leaders of small firms and solo practices who – like most lawyers – don't have backgrounds in technology or science. Yet small firm leaders arguably stand to benefit the most from new technologies like AI, which can help them manage their practice and business more efficiently and effectively. The day-to-day challenges of practicing law in small firms – from business development to spending too much time on administrative tasks – are precisely those that AI and legal tech can address.