Before addressing the root debate of how AI and machine learning are transforming law firms or taking up there business, we have to understand all the aspects that are related to it.
What is actually meant by AI (Artificial Intelligence)?
Human beings have intelligence that is inherited by birth and is only the natural process. When human beings add intelligence to technology and devices, and it starts to exhibit its quality, which is coined as Artificial or machine intelligence. Apart from performing the programmed algorithms or data analysis, the computer brain has entered into the legal space of the top lawyers in India.
The AI is having a massive impact on the people related to the legal-aid service because-
- Thorough research from a renowned company has assured that over 1 lakh people will be losing their importance in this field because AI will be taking up the bodily-job.
- With the ever-developing technology and advancements, it is only wise for all the legal service providers to slowly install AI and machine learning in the law firms, respectively.
- This way, there will be no fear of getting drifted from the competition in the market, and when technology is giving scope to remain stress-free, why not grab the opportunity instead of brooding over it!
Multiple ways in which the AI and machine learning is transforming law firms perhaps for good-
- If you want to get a divorce, you are mentally prepared that it will cost you a real much and may take up to a few years to settle the case between both the parties by the court. With Artificial intelligence coming into the scenario, various companies have started providing solutions to couples with bare minimum charges.
It is more like a one-stop solution, and you do not require a top lawyer in India to fight your case since it is self-guided. All you need to put in is what kind of outcome you desire for, and the rest will be done by the machine to solve your case!
- The machine on your desk has the power to provide better and most likely, correct predictions regarding the result of any case than any human brain. Researches have proved that the AI’s researched outcomes are much better prophecies than made by the lawyers. So the next time your client asks you what are his chances to win the suit, leave the answer on your AI for a definite clue.
- Legal service providers have to deal with separate agreements, bond-conditions and contract papers while providing the correct guidance to the clients. It is not possible always for the service-provider to know every detail and the hooks and crooks by heart. Through the AI and machine learning in law firms being implemented, the research work of checking the authenticity of the agreements and the contract papers can be done by the device and thus can make the client aware of any kind of misfortune or fraud dealings he is prone to.
The most exciting part is that the AI has the capability to check and scan contracts in bulk as well, which gives the edge to the consultancy firm. Guidance can be given to the clients on whether to sign the contract or proceed with the negotiation according to the research conclusion by AI.
- One of the essential and most time-consuming work can be done by AI in a jiffy, making the professionals stress-free. Most people hire consultants to research and find out in-depth information, figures, facts and norms of the same project previously undertaken by a different organization. They are expected to provide an excellent counselling to the client and help them initiate the necessary process with informed decisions.
The monotonous job can be quickly finished by the AI, and it has to be admitted that it does the job much better and perfect than human capability ever can.
- Machines are much more efficient for finding, understanding, arranging and sorting large numbers of documents within a very less amount of time. It also can be trusted because it provides an almost accurate result every time. Things will be much easier for the top lawyers in India if they would install and start using AI and machine learning in law firms as they will have a decreased workload while they can only concentrate on the crucial priority dealings.
Any professional at the consultancy firms across the globe will agree that there is a vast area they have to cover with ample of work burden. It is wise to dump the workloads on the machine. It will not only assure in providing quality service to the clients but also help in creating a work-life balance for the professionals. Accepting the advancement of technology without brooding over it and thinking it as a boon will ensure a long way!
