Artificial Intelligence has reached consultancies and law firms, which today means their digital transformation. Every day, more companies decide to use Artificial Intelligence to make automated decisions, which will entail risks, as will be explained in later publications.
However, in addition to these risks, Artificial Intelligence must be promoted from an ethical perspective and respectful of any fundamental right, for which the creation of a Spanish Agency for the Supervision of Artificial Intelligence has been proposed in Spain.
This digital transformation cannot be implemented solely and exclusively by the Office itself, but must have the assistance of specialized companies , in such a way that the arrival of Artificial Intelligence is as simple and less expensive as possible for the legal entity.
Why is Artificial Intelligence important in a Law Firm?
For some years now, the application of technological techniques has made it possible to obtain much more precise information in a faster manner than was previously the case.
Specifically, in the legal field, some of the points for which Artificial Intelligence is relevant are the following:
- Firstly, document review has traditionally been time-consuming. However, thanks to the use of different techniques, as well as machine learning , the analysis time is drastically reduced, as is the error rate.
- Classifying and searching for documents also allows for obtaining much more efficient responses than if they did not exist, and in this regard, see judicial decisions from a particular Court.
- Additionally, Artificial Intelligence can also help obtain legal results, automate administrative tasks and even provide advice.
Is the implementation of Artificial Intelligence in a Law Firm a quick process?
No. It is a slow process and will depend on the type of law firm and its objectives.
What advantages and disadvantages does Artificial Intelligence offer to a law firm or consultancy?
As for its advantages , it is worth highlighting:
- Greater precision and efficiency.
- Improve customer service.
- Reduction of costs and saving time.
On the other hand, the disadvantages of Artificial Intelligence applicable to Law Firms are:
- Implementation cost.
- Risk of errors being made by Artificial Intelligence and its responsibility.
Any Artificial Intelligence tools applied to law firms and consultancies?
- LawGeex: Document review and automation of activities.
- CoCounsel – Casetext: Its origin is OpenAI 's Artificial Intelligence, obtaining adequate responses in the legal field.
- Kira Systems : Analyzing legal documents efficiently and effectively.
- Neota Logic : Development of software solutions thanks to Artificial Intelligence.
Have new profiles of Lawyers emerged thanks to Artificial Intelligence?
Yes. More and more lawyers are deciding to train in this field, for which they usually use courses and master's degrees from various professional entities. Although Artificial Intelligence is not going to replace, for now, lawyers who know how to use it, those who do not have a handle on it will be replaced.
However, in the third quarter of 2023, sources in the field of Artificial Intelligence in Law Firms have indicated that Junior Lawyer profiles will be replaced by Artificial Intelligence .
Conclusions:
The implementation of Artificial Intelligence is a valuable tool for Law Firms that can improve their development in a framework as competitive as the legal sector.
For this reason, it is recommended to be properly advised and to ensure that the application of Artificial Intelligence is adapted to the objectives, environment and practice areas of the Law Firm.
In short, Artificial Intelligence poses challenges and risks for Law Firms , so it is important to ensure its ethical and transparent use, as well as to inform those who use it about how decisions based on algorithms or Artificial Intelligence systems should be made.
