In a recent podcast from @theBar, both Dennis Garcia, Assistant General Counsel for Microsoft, and Conor Malloy, Founding Partner of Chi Chi Legal, believe that people in the legal profession should not consider AI (Artificial Intelligence) as a threat, but as an ally.
With the help of AI, law firms can better manage mundane tasks faster and more efficiently, hopefully avoiding the possible pitfalls of over-reliance on technology.
AI is a branch of computer science in which computers learn to do work traditionally performed by humans. People consider this the Fourth Industrial Revolution. The First Industrial Revolution occurred when, in the 1700s and 1800s, machinery such as the cotton gin and the steam engine greatly increased productivity. About a century later, the Second Industrial Revolution focused on the utilization of varied materials for manufacturing and more sophisticated machinery such as rudimentary computers.
The use of electronics characterized the Third Industrial Revolution in the 1990s, together with the rise of the internet and social media. The Fourth Industrial Revolution, fueled by the marriage of man and machine, then gave birth to artificial intelligence.
Legal AI entered the picture when Jay Leib had a revelation while scanning documents related to a lawsuit. He quickly realized that printing and scanning documents was still an overly time intensive process, and could be further streamlined with technology. He and his business partner created a program that allowed lawyers to manage large volumes of documents more easily.
His next creation, NexLP, used AI to analyze the documents and detect trends.
With today’s technological sophistication, your imagination is your only limitation on how to use AI in the legal profession.
Even the most advanced AI application is not foolproof or invulnerable. It may have its limitations, but the benefits surely outweigh most of its shortcomings. What is more, technology just keeps getting better and better, so these limitations may be non-existent in the not-so-distant future.
Fortunately, many companies can help you mitigate the risk.
Every day, AI advances in leaps and bounds. Computers can now paint, compose musical scores and write poetry – all careers once thought to be exclusively human domains. Even with these advances, AI can read facial expressions with a high degree of accuracy, but it cannot express emotion.
AI can relieve humans of tedious tasks, but in fields with a high degree of human interaction, it cannot replacethe human touch.
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