Legal AI Services
The legal AI field is going to benefit a lot from new innovations. It will enhance everything from efficiency, review of voluminous documents, or contract generation. Our firm has been taking advantage of proprietary software.
We use it to analyze cases from opening arguments to the verdict. And we have the ability to analyze a prospective jury pool. We have the ability to analyze this perspective. Or judge and analyze probability based on prior rulings or decisions. The law and law firms in general and the entire legal community should embrace AI. This is because it benefits who we serve, which are our clients. It will make life a lot easier in the way of dispute resolution. This is because you can have two reports generated, one by the plaintiff one by the defendant. Then there can be an educated decision about where a case should go or should not go.
With that information, litigants or clients can make educated decisions. With this, they could streamline the process of litigation or dispute resolution. This is what we want as a society. It’s for us to be engaged and resolve disputes, one way or another, as efficient as possible.
I’ve had the opportunity to attend the Legal Tech conference. I have also attended other conferences that showcases and highlights AI. It’s of great benefit to lawyers and individuals who practice law in general. It’s also for people who are in the legal community who don’t practice law. Because it gives us education and training on exactly what’s coming to market. It allows us to foreshadow the issues. It allows us to determine and decide on the underpinnings of legal decisions. We can then deal with these legal issues.
Other Applications of AI
These are further examples. AI helps decide how to regulate drones, autonomous vehicles, autonomous robots, and soldiers. It can help with other analyses. Then there’s a whole other area of data that has other implications in regulation. Those shows and seminars are an excellent resource for lawyers and non-lawyers alike.
One of the areas that AI has benefited law firms is in contract review. Contracts are general standard contracts in most contexts. People use the term boilerplate, I don’t like that term. There are commonalities in contracts. They are similar in causes and covenants that one expects to find in a particular type of contract. Of course, there are different contracts for different transactions in different circumstances. We need to use them in a proper way, and you need to meet with your counselor to discuss that.
AI helps by letting the attorney run a contract through an algorithm software system. That software system can suggest certain causes or provisions that might be missing. Or it can suggest the deletion of certain clauses or provisions that may not be appropriate. The software presumably takes a wide body of data. This is along with a library of other contracts, in a particular setting, and applies it.
AI helps the lawyer do her or his job in a more efficient manner. It also helps the client save resources in getting a contract. It can be a contract that is as thorough and as salient as possible. So I do believe there’s a tremendous value in incorporating AI into the legal practice. It gives specific help on contract reviews as our firm does.