Aparna Bundro, Business Development and Communications specialist and former lawyer, comments on whether AI robots may be the next inflection point in the legal industry after NewLaw, and considers the extent to which law firms will be inclined to invest in AI robots. As evolutionary beings, we are constantly looking for ways to extend ourselves, to rewire and upscale our abilities, and artificial intelligence (AI) is becoming a big part of our modern reality, and what some call trans-humanism. Whether AI brings to mind Kubrick, the Internet of Things or Smartapps, the applications of the technology are endless. But what does this mean for lawyers? But for the tech-savvy maverick practitioners, who welcome the opportunity to'change lanes' every once in a while, AI in a legal universe can bring more opportunities than threats.
Traditional law has paved a trail of stagnation, but now that AI and ALSPs have broken into the industry, suddenly nothing is certain. My research on the NewLaw industry unraveled the two biggest sectors of Alternative Legal Service Providers; LPOs and Alternative Staffing Providers. Together, the two sectors cater perfectly to the legal market; one arm focuses on completing menial legal labour with cost effective outsourcing, and the other arm focuses on insourcing experienced legal talent for projects that necessitate expertise in a certain area. Soon though, these two arms will become one fully functioning limb, homogenizing the industry to achieve versatility and supersede the benefits of turning to a traditional law firm. It seems masochistic to abide by TradLaw standards when law firms and in-house counsels finally have the option to automate tasks or outsource/insource various legal work.
ISBN: 978-1-78358-174-0 (Ark Group, 2014) Author Chrissie Lightfoot – named in the 2015 list of the'World's Top Female Futurists' & LinkedIn as the No.1 best-connected & most engaged woman in the legal industry, 4th in all sectors, 2015. "It's here at last! Four long years of waiting are over. Its innovative style, approach and language went where no-one else had quite been before." Wait'til you get a load of Tomorrow's Naked Lawyer! Tomorrow's Naked Lawyer takes off from where The Naked Lawyer left you.
Probably the biggest single driver of change in the industry is the increasing advance of technology. Everyone has read about the perceived threat of artificial intelligence (AI) and how it's set to take lawyers' jobs – and although Michael Skapinker of the Financial Times wrote recently that, like plumbers, lawyers are not yet approaching their'Uber' moment and remain largely a "disruption-free profession", other commentators take a slightly different view. Richard Susskind, for one, might disagree – having written in his book Tomorrow's Lawyers: An Introduction to Your Future: "AI will disrupt not just the world of practising lawyers but also our common perception of the legal process." It's important to note that artificial intelligence isn't something to be afraid of; adopted in the right way, it will enable lawyers to perform their work more effectively. It's clearly crucial in any law firm or corporate legal department for work to be resourced appropriately – and if some of this work can be done by a machine more quickly and more efficiently than by a human, then of course that option should be considered.
There are three categories of intelligence in the legal vertical--intellectual, emotional, and artificial. Many lawyers have elevated IQ's, though relatively few seem to possess high EQ's-- commonly called'people skills'. Only the best lawyers--trusted advisers-- have both. Artificial intelligence (AI), a recent entrant in the legal vertical, scores high on IQ, but the jury is still out on whether machines can develop comparable EQ. What kind of intelligence is required for legal delivery?