Advantages of artificial intelligence in the law profession
Artificial intelligence and alternative providers of legal services are changing the legal profession and the way in-house legal departments and law firms operate by becoming an indispensable assistant of lawyers-particularly the in-house lawyers. Artificial intelligence stimulates the creative and deductive thought of lawyers and increases the ability to learn. The incorporation of artificial intelligence has helped legal professionals to go through all the relevant legal documents of law cases and agreements in lesser time. It has stimulated the judicial process by enhancing the in-depth knowledge about the law cases which has helped lawyers for the more rational establishment of logic evidence in favour of their clients. Advantages of artificial intelligence in the law profession are as follows:
- Ensures a quicker contract analysis
- Delivers the most suitable value of specific judicial concepts
- Related documents regarding particular cases can be easily tracked just by typing the law keywords
Artificial intelligence(AI) has a very bright future in the law industry as senior law professionals use it for a quicker case study analysis. Following will happen in future:
- It will simplify the analytical process in the judicial service.
- It can collaborate both personal and professional data to develop a case strategy
- It will scrutinize legal records with effective implementation of case machine learning technology
- It will provide well-researched guidance to senior law professionals
The advancement of technology is the prime reason behind it. AI will be upgraded gradually to provide the services mentioned above to the law professionals to make the judicial process faster.
Significant risks in using AI are follows
- It can take away the job of several junior law professionals. A recent study has depicted that 5 million jobs will be under threat of AI by 2020.
- Inappropriate use of AI can show irrelevant data to legal professionals who can mislead them in the judicial procedure
Opportunities are as follows:
- A quicker judicial process
- A transparent approach of providing justice to the innocent
The senior law professionals and firms having profound knowledge will be beneficial.
The law professionals and firms having the least technical efficiency will come under pressure. Moreover, junior law professionals who assisted seniors in the case study analysis will also be under pressure.