How AI will Influence the Legal Industry

How AI will Influence the Legal Industry

AI is gradually infiltrating every industry and taking over most of the mundane jobs, previously handled by human beings working minimum wage. AI has not yet fully bloomed; it needs time to reach its full potential. For now, it is an expensive form of technology; the more advanced it gets, the more complex it becomes. Many professions are still far from the application of AI, and that is only because its use is unclear right now. The legal industry is one entity that represents negligible association with AI.

Lawyers can let out a sigh of relief because it appears that their jobs are safe. In addition, it seems unlikely that AI will produce a direct or momentous impact on legal jobs anytime soon. This does not mean that artificial intelligence is of no use in law firms or other legal organizations. Rather than taking over jobs, AI shall play the role of an assistant to the attorney. This will free them of several humdrum tasks, which take up too much of their valuable time and compromise productivity in the areas that matter more.

Routinely procedures like contract creation and documentation review are examples of assignments that AI can take care of painlessly. Automation of such duties is highly recommended as a computer can handle it all much more quickly and accurately. Apparently, AI is free of human errors and lacks the ability to procrastinate.

Imagine what it would be like if AI entirely replaced your lawyer. A person makes an appointment on the phone and walks into a law firm the next day, only to find out that a robot is going to discuss their appeal instead of a human being. Deprived of feelings and emotions, the robot will record everything they say or provide. The robot cannot think or make assumptions; it will simply suggest a solution based on machine learning. This could actually work for certain situations, but sounds infeasible otherwise.

Although a robot’s participation in court trials appears out of the question, AI will potentially take over supplementary positions in the legal firm. This implies that administrative assistants, paralegals, and legal associates will gradually lose demand. AI is smarter, faster, and does not require any emotional investment. Law firms will save a lot of time and money depending on AI instead of real people. This may sound threatening to someone who works for a law firm despite not having a degree in law, but it is true.

Legal organizations that refuse to take advantage of AI will in fact deny progress. It has become crucial to embrace new technology to keep up with competition, or simply maintain your place. Computers with their specialized software are capable to precisely sort out various things for us, including organization, calculations, and analytics. It would be ridiculous to manually do this stuff, end up with mistakes, and waste further time & energy making corrections. Lawyers will feel more relaxed supervising and reviewing the work of AI, rather than managing everything themselves. There is always a possibility that we shall prefer cutting-edge AI robots in the place of lawyers, many years from now.

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