Machine Learning is a type of data analytics founded on the idea that systems can learn from data and identify patterns in order to make decisions without the need for human involvement.
Whether it is a virtual assistant able to provide medical advice or an advisory chatbot who helps with generic enquiries – the use of AI technology is increasingly becoming a disruptive force in the workplace.
It is most certainly not a foreign concept in the legal sector either.
Edward Chan, Banking Partner at Linklaters:
“AI is an indispensable tool for coping with the ever growing amounts of data that lawyers have to handle in running complex matters.”
The Law Society released a report stating they believe 67,000 legal jobs will be replaced by 2038 due to the automation of services.
Should we fear that robots are coming for our jobs?
Definitely not. AI should be thought of as a new and exciting way to accelerate and promote business. Machines are able to do the more simple and mundane tasks of lawyers quicker and more accurately.
The Law Society equally predicted that there will be 80,000 new jobs created in the next decade, with 25,000 being introduced by 2025.
Rather than believing jobs in the legal sector will decrease, it is better to view the role of lawyers as changing. Lawyers will find themselves with more time to focus on the analytical and strategic aspects to their work. AI will never be able to replace the relationship of trust between lawyer and client and the ability to give immediate personal advice while showing real empathy.
So where can we use AI to improve the legal services?
- Reviewing documents and legal research
- Performing due diligence
- Contract review and management
- Predicting legal outcomes
- Automating the work of barristers’ clerks
- Civil claims and petitions
- Dealing with compliance