Artificial Intelligence and the Legal Sector: Can AI Replace Lawyers?
- Feb 04, 2019
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A recent study by LawGeex examined the skills of 20 experienced lawyers and compared it with artificial intelligence. The task was to analyze the risks contained in five confidentiality agreements. The stakeholder group included legal directors, freelance lawyers and associates from large global companies, such as Goldman Sachs, Cisco and Alston & Bird.
Artificial intelligence reached 94% accuracy, while lawyers averaged 85%. In terms of speed, AI has skyrocketed, scrutinizing all contracts in just 26 seconds versus 92 minutes of lawyers.
Technology in the legal sphere
Technology and the legal sphere are already moving together. The amount of legal data in Brazil grows exponentially, making it necessary to quickly and efficiently analyze the documents produced, especially in relation to mass litigation. In this way, cognitive computing is crucial for lawyers to focus on more important demands.
The McKinsey Global Institute estimates that almost 1/4 of a lawyer's job can be automated with the use of AI. In addition, some research suggests that adopting legal technology (including AI) would reduce lawyers' work hours by 13%.
Many companies and law firms are using artificial intelligence as a virtual assistant who collects data and analyzes different types of documents in order to leverage the business and lower costs. It allows, for example, lawyers to focus on the most relevant sections of the contracts, overcoming the current search mechanisms and making the work of these professionals less repetitive and more productive.
The main changes to the IIA in the legal field that will soon take place are:
- Elimination of some positions that perform a mechanical work, as research assistant, since the machine will carry out this activity, allowing lawyers to concentrate on other tasks;
Research conducted in 2014 by the Canadian Bar Association found that the key to a viable, competitive and relevant legal profession is innovation, requiring greater investment in research and development.
Technology must be our ally. Therefore, it is important that the legal professional use the AI in their favor to carry out their activities in a more consistent and more accurate way, and thus, become more competitive and improve the area of law.