AI In the Law
What is Artificial Intelligence?
Basically artificial intelligence is "machines that respond to situations consistent with a traditional response from humans, and that normally require a human level of expertise. Artificial intelligence if utilized properly can help people anticipate problems or deal with issues as they come up.
Artificial Intelligence can be used to create a usable database of legal cases, automate processes and streamline other processes. Artificial intelligence will never be an outright replacement for attorneys, rather it will remove the necessity for a lot of the more tedious, mundane work lawyers do and allow them to focus their time on the aspects of their job that require analysis and legal knowledge.
Review Documents and Legal Research
AI has the ability to digest thousands of posts, articles and help requests and categorize them into a helpful database system. This gives you data on trials, types of clients and legal needs in an organized, clear way.
Help Perform Due Diligence
When starting a case there is a lot of background information research that will need to be performed on behalf of the client. There are fags and figures to be checked and prior case decisions that need to be reviewed. Artificial intelligence can automate this tedious task for attorneys thus freeing up their time for other things.
Contract Review and Management
Attorneys and paralegals mark up items, edit contracts and counsel clients if they should sign or not sign. This due diligence help clients negotiate better terms. AI can help analyze contracts in bulk as well as individual contracts.
Predict Legal Outcomes
By automatically categorizing and indexing thousands of trials at once you can use computer models to predict the outcome of a specific kind of case in some specific set of circumstances. Know ahead of time if you are likely to win or not and be aware before you walk into court if it advisable to settle or not.