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 artificial intelligence end 360


Artificial Intelligence ends 360,000 lawyer hours for bank (via Passle)

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Yet another announcement from a global behemoth declaring itself committed to Artificial Intelligence (AI) and Machine Learning. In this article reported by the Irish Times and international press, it is notable that the consequence of American bank, JP Morgan Chase's commitment to AI is the redundancy of banking lawyers in mundane document or contract review work. They say 360,000 hours of lawyers billable work goes up in a puff of smoke because AI replaces lawyers reviewing banking documents. A headline to make any middle class professional quake in their boots. AI definitely has a role to play in the mass review of standard contracts.