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Legal Tech Company Seeks To Bring AI To Lawyers

#artificialintelligence

Artificial intelligence programs are being used in more applications and more industries all the time. The legal field is an area that could substantially benefit from AI programs, due to the massive amount of documents that have to be reviewed for any given case. As reported by the Observer, one company is aiming to bring AI to the legal fields, with its CEO seeing a wide variety of uses for AI. Lane Lillquist is the co-founder and CTO of InCloudCounsel, a legal tech firm. Lillquist believes that AI can be used to help lawyers be more efficient and accurate in their jobs.


Artificial Intelligence and Law: Will Robots End the Legal Profession? - The Market Mogul

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Advancements in AI, Big Data, the Internet of Things and automation have many industries worried that these systems will push them out, absorb their work, make humans redundant, or accelerate the speed of business too fast for them to adapt. From formal models of legal reasoning to automated information extraction from legal databases and texts, the interaction of artificial intelligence and law will disrupt the contemporary status of legal practice. With the latest'wonder automation' in the form of JP Morgan's COIN, building upon the adoption of AI systems by firms such as Clifford Chance, and development projects like Denton's NextLaw Labs leading the way, are lawyers set to be replaced? AI will spell the end of lawyers. However, the age of automation and digitisation gives birth to an even more beautiful legal specialist: the cyber-lawyer – an augmented specialist, combining the processing power of AI with powerful searches of legal indexes in mere seconds through Big Data, produced through a human interface.


Artificial Intelligence and Law: Will Robots End the Legal Profession? - The Market Mogul

#artificialintelligence

Advancements in AI, Big Data, the Internet of Things and automation have many industries worried that these systems will push them out, absorb their work, make humans redundant, or accelerate the speed of business too fast for them to adapt. From formal models of legal reasoning to automated information extraction from legal databases and texts, the interaction of artificial intelligence and law will disrupt the contemporary status of legal practice. With the latest'wonder automation' in the form of JP Morgan's COIN, building upon the adoption of AI systems by firms such as Clifford Chance, and development projects like Denton's NextLaw Labs leading the way, are lawyers set to be replaced? AI will spell the end of lawyers. However, the age of automation and digitisation gives birth to an even more beautiful legal specialist: the cyber-lawyer – an augmented specialist, combining the processing power of AI with powerful searches of legal indexes in mere seconds through Big Data, produced through a human interface.


Beyond the Hype: Putting AI to Work at Liberty Mutual #ILTASS18 #ILTACON - Above and Beyond KM

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According to Kreutzer, "It's only AI when you don't know how it works; once it works, it's just software." Why did Liberty Mutual even consider using AI? As a life long geek, Jeff thought that AI was a cool thing to explore. The purpose of this exploration was to try to reduce some of the cognitive load, some of the lower-value tasks that slow the legal department's lawyers down. Ultimately, it was intended to allow the lawyers to focus on higher-value tasks.


AI and the Transformation of Law: Goodbye Time Sheets

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Every working day, I sit behind my desk and record what I do in increments of 6 minutes. Every qualified lawyer in private practice has been exposed to it, whether it be in the form of manually recording it via time sheets, or entering it directly into a specialized computer program. Within the next five to ten years, the onset of automation and artificial intelligence (AI) will lead to a revolution of the legal industry that will likely transform that model completely. For the most part, law firms make their revenue by billing their clients by the hour. Lawyers are accountable for their entire day.