Everyone is talking about AI. It’s not just the tech community that has AI on its mind; everyone from your favorite takeout palace to your grandparents’ best friend’s dog is talking about AI, even if they don’t have more than a mere grasp of what it actually is or all they know is that AI is bad.
But the thing is, AI is used in a wealth of industries and places you might not even think it is used or expect it to be these days. And not all AI applications or uses are bad; they extend far beyond the reach and capabilities of ChatGPT. One such area is law. Did you know AI is revolutionising the work lawyers do and how they do it? Let’s take a look.
Discovery but Without the Paper Cuts
In the past, discovery meant hours and hours of research, poring over endless files, late nights, and a lot of coffee. And that’s before we mention billable hours for the client. But in today’s landscape, AI has transformed how discovery works, and AI-backed tools are cutting down the processes so that lawyers aren’t buried under paperwork for days or weeks.
Documents and evidence are processed faster with more efficiency and accuracy. GenAI in eDiscovery is capable of scanning huge data sets and surfacing the documents that actually matter. While lawyers still need to double-check and make the final call, it can make discovery much easier and more painless than it once was.
Sharpen Strategies with Tech
But it’s not just paperwork that’s getting smarter; legal tech is now able to offer data-driven insights. Analytics can flag patterns in past cases, analyse performance and outcomes, suggest a lower-risk strategy, and identify areas where a current strategy might falter and fail.
These insights and suggestions are effective tools that enable lawyers to see things more clearly from different angles. They can make more informed decisions about the way forward, how to rest to prepare for trial or settlement, and how to put their judgment in the right place for more wins. It’s not about the tech taking over; it’s about helping lawyers make the right decisions faster.
Improved Compliance
Law is complex; everyone knows this. You don’t need to be a lawyer to understand this aspect of law. This is why, outside of the courtroom, lawyers are using legal tech to help them keep contracts and all areas of compliance in check, from using platforms to scan agreements for unusual terms to identifying breaches, flagging potential liabilities, and tracking obligations across different jurisdictions. And with this task in hand, thanks to tech, law firms are able to focus on the areas where their skills will benefit clients more, instead of clause spotting.
Collaboration Not Chaos
AI-driven platforms are helping lawyers bridge the communication gap between clients, teams, and colleagues involved in each case. Forget trying to chase people to keep up with what is happening via endless email chains, bulky file transfers, and missed calls.
These days, shared platforms, cloud storage, and real-time tagging keep everyone on the same page, allowing them to work together seamlessly.
Read More: When to Hire a Data Analytics Consulting Company: Key Indicators
