Impact of Artificial Intelligence on the Legal Sector
The term “artificial intelligence” has been gaining much popularity in the recent era of automation and technological advancement. Artificial intelligence is basically an intelligence displayed by machines in contrast with the natural intelligence displayed by humans and other humans. The capabilities which are generally classified as “artificial intelligence” includes successfully understanding human speech, competing at a high-level strategic game, interpreting complex data, including images and videos. In short, artificial intelligence has been defined as “something which hasn’t been done yet”.
In the recent times, various fields have witnessed the impact of artificial intelligence. With the recent advancement in technology and the advent of artificial intelligence, the question that arises in everyone's mind is whether artificial intelligence is going to replace lawyers and how it is going to impact the quality of legal services.
Although there have been various media reports regarding the disruptive effects of artificial intelligence, experts across the globe have refuted such reports and have laid emphasis on ‘artificial intelligence’ being helpful to lawyers to a significant extent.
Experts are of the opinion that as artificial intelligence is still in its infancy, it is only the lower level tasks assigned/performed by junior lawyers that might get replaced by automation in the near future, but as far as its impact is concern, artificial intelligence may provide considerable opportunities to young lawyers to exhibit their talent in the years to come.
With the coming of artificial intelligence, there have been new standards set in different fields. The advent of artificial intelligence may provide a bunch of new, young and dynamic lawyers with ample opportunities to excel. The advancement in this field might help lawyers having years of experience to automate the work which is tedious, time-consuming and monotonous while conducting legal research on relevant case laws, legal document generation and review thereby enabling them to provide more superior counsel to its clients.
With artificial intelligence gaining more ground machines would be performing tasks much quicker and in a more convenient, efficient and cost-effective manner, which would otherwise have been laborious and time consuming for lawyers thereby resulting in huge cost saving.
The biggest positive is that an artificial intelligence system may provide an opportunity to perform tasks such as due diligence, cybersecurity, data prevention in a more secure, faster and a cheaper manner and in a more fashioned way otherwise than it being performed by a bleary-eyed and high-priced team of lawyers. However, as artificial intelligence is still emerging and so are the many legal issues associated with it, in the coming years lawyers will have plenty of opportunities to advise their clients on issues surrounding regulatory framework and standards given that there are no meaningful artificial intelligence related laws that can be relied upon, no legal ethics, intellectual property protection, etc.
The downside is that as artificial intelligence is still in its infant stage, it cannot be approved as a full proof automation with no flaws. In the years to come as the usage of artificial intelligence system driven machines will increase, so will the increase in usage of data thereby generating a significant amount of information. This will result in a need to keep a check on how artificial intelligence solution provider protects and uses its data.
As the amount of data continues to grow with the development in technology, the laws find it difficult to keep pace with the increasing amount of data and this gives rise to challenges pertaining to law enforcement access to data, with the advent of artificial intelligence. An increasing use of artificial intelligence in the near future may lead to patent litigation subject to intellectual property protection.
In addition, as more lawyers make use of artificial intelligence systems for their convenience, it is inevitable that such systems will make mistakes that may result in significant damages, so the question that arises is how will the liability be determined and who is going to be roped with the liability to pay damages? Will lawyers be subject to negligence and malpractices claims from their client? It is for these risks which makes automation a challenging task ahead and it will be interesting to see how lawyers mitigate these risks and other issues associated with artificial intelligence.
While you cannot deny that artificial intelligence is starting to gain ground, clients need to ensure they have access to all relevant information and knowledge about recent trends, laws pertaining to automation. They should be aware of the regulations passed by the government of respective countries and amendments made regarding the same.
Artificial intelligence in the legal sector might help potential customers to get their issues resolved with greater efficiency and in an expedited manner. The customers may get best decisions from their legal provider using artificial intelligence systems and being innovative at the same time. Using artificial intelligence, might get top human talents at their disposal and also ensures the quality of services provided.
At Business Law Chamber (BLC), we are a team of young, experienced and energetic lawyers, chartered accountants and company secretaries all working together. This gives ample comfort to the clients as regards our quality and range of services. We believe in delivering quality work expeditiously and have certain cost optimisation techniques thereby making it feasible for our clients to avail our services at affordable costs. However, we also believe that it is very important to keep pace with the latest technology and stay updated.