Over the years, mankind has been making a lot of technological discoveries. Most of these discoveries have gone ahead to change the world for the better by impacting how we communicate and carry out basic tasks.
Among such discoveries is Artificial Intelligence (AI) which is gaining popularity in the world for changing how people do business. However, it’s important to note that AI is also being incorporated in other sectors like the legal sector.
This is because AI generally entails computers performing different tasks that would normally require human intelligence, like making data-based decisions, translating languages, and recognizing objects and speeches.
For this reason, Artificial Intelligence is particularly suitable in the legal sector, where there is a lot of data to be reviewed and analyzed while using the results to make important decisions. Lawyers are finding AI technology very helpful because it has changed how they perform their administrative duties.
Below are some of the ways in which AI is being used in the legal sector to maximize legal administrative work;
1. Electronic billing
Before AI technology was ever discovered, lawyers used to make handmade receipts. However, when AI software development was introduced to the legal sector, electronic billing came into existence.
Electronic billing platforms provide users with an alternative to paper-based receipts. This has been particularly helpful in reducing disputes between lawyers and their clients since there is more accurate tracking and reporting. Also, it’s important to note that by using legal e billing software, legal firms can adjust line-by-line items. This allows the stakeholders to centralize the invoice review and ensure that all documents are routed directly to the right approver.
Therefore, legal firms that have adopted AI technology into their operations are bound to transfer savings to their clients a lot faster and more efficiently.
2. Due diligence
One of the most important tasks that lawyers carry out is assessing a legal situation and confirming facts and figures on behalf of their clients. The whole process of due diligence is important because it is through its findings that lawyers can advise their clients on their options and the most appropriate action to take.
While this process is beneficial for lawyers and their clients, it is usually time-consuming and tedious. This is because lawyers have to conduct a thorough investigation and obtain very crucial results.
However, as much as due intelligence is important for both parties, lawyers can end up making mistakes along the way and providing inaccurate data. But, when lawyers use AI to conduct due diligence, they’re able to search, highlight, and extract the relevant content for analysis.
Consequently, any other members of the legal team who need to conduct due diligence of similar content can search for the exact link using the software. This means that the legal team completes the task faster and without errors.
3. Document automation
We all know that there are a lot of documents involved in the legal industry, which translates to more tedious and time-consuming tasks for lawyers. When the legal teams are reviewing documents they have to search for those containing specific emails, keywords and topics, which is a lot of work and requires accuracy.
Even though this task doesn’t essentially require Artificial Intelligence, using the technology improves the accuracy, speed, and efficiency of the whole process.
For example, you’ll find the process of drafting a particular document which could have taken days to complete ends up only requiring a few minutes. Also, it’s important to note that using AI for document review means that the results can be updated statistically for easier access.
4. Legal analytics
At some point, a legal team has to research cases that happened some years back. This is meant to provide useful materials that will help support their argument in a current case.
However, finding the right cases from previous years can be a laborious and tedious process since the team has to look up headnote numbers from huge piles of documents. But, by using Artificial Intelligence, any legal team can gather all the information and points they need for a case in the shortest time possible.
Furthermore, they can use such results to track a particular judge’s predictions and orders. This gives the legal team an upper hand since they have all the materials they need to prepare thoroughly for a case and obtain victory for their client.
The legal sector seems to be adapting very well to Artificial Intelligence technology. Although not all legal firms have adopted the technology for their operations, those that have are already reaping the benefits.
This is because they can carry out otherwise tedious tasks more efficiently and in the shortest time possible.