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Walmart Using AI to Transform Legal Landscape, Cut Costs

#artificialintelligence

Artificial intelligence tools can draft contracts, write answers to legal complaints, or answer simple questions. They may not replace a lawyer's to-do list, but they could save time. Walmart and Nationwide Insurance are among the companies experimenting with how artificial intelligence tools can streamline their in-house legal departments and their work with outside counsel, and save money in the process. The use of more advanced data tools also is a growing cost-saving trend. That ultimately could drive law firms to change their thinking.

  Country: North America > United States > Nevada > Clark County > Las Vegas (0.06)
  Industry: Law (1.00)

Walmart Using AI to Transform Legal Landscape, Cut Costs

#artificialintelligence

Artificial intelligence tools can draft contracts, write answers to legal complaints, or answer simple questions. They may not replace a lawyer's to-do list, but they could save time. Walmart and Nationwide Insurance are among the companies experimenting with how artificial intelligence tools can streamline their in-house legal departments and their work with outside counsel, and save money in the process. The use of more advanced data tools also is a growing cost-saving trend. That ultimately could drive law firms to change their thinking.

  Country: North America > United States > Nevada > Clark County > Las Vegas (0.06)
  Industry: Law (1.00)