TotallyLegal recently attended the Legal Futures conference where the emergence of Artificial Intelligence was discussed by industry experts.
Artificial Intelligence, or AI, is a technology that many large law firms are beginning to adopt.
- Global law firms Dentons are using IBM Watson’s ROSS Intelligence, a digital legal expert
- Riverview Law: have developed an AI partnership with the University of Liverpool
- Clifford Chance: currently investigating a number of AI technologies.
What are the reported benefits?
Speed: Matthew Whalley, Head of Legal Risk at Berwin Leighton Paisner, use technology by RAVN Systems in their real estate department and says the technology “can process unbelievable volumes of legal data” and “perform legal analytics in excess of 10 million times faster than a human being”.
Making sense of data: Riverview Law have invested in technology to improve work efficiency of lawyers, allowing them to focus on more strategic areas. Staff with limited training will be able to “create, automate, maintain and evolve complex end-to-end workflows and processes for all areas of legal, compliance, risk and related activity”.
To view more articles on the impact of AI on the legal market visit www.legalfutures.co.uk