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The industry is still adapting, particularly as a shift to remote work becomes routine. Survey results from a 2019 International Legal Technology Association (ILTA) survey show that 37% percent of responding law firms (representing more than 116,000 attorneys) point to users’ acceptance of change as the top “issue or annoyance” when it comes to technology at their firm. In addition, more than half (54%) are currently not pursuing artificial intelligence (AI)/machine learning (ML) options. A post-coronavirus world will no doubt continue to accelerate the pace of transformational digital change in the legal industry — and no firm or in-house department should wait to see how current events pan out to get on pace. So what are the immediate advantages? Let’s talk AI. AI — in which computer programs use algorithms to analyze data and glean its insights — can quickly crunch high volumes of data to extrapolate trends, pinpoint the exact passages lawyers may need in thousands or even millions of documents, and quickly produce results that can be statistically validated. The biggest advantage of legal technology tools like document assembly, AI and collaborative information gathering is the ability to standardize workflows, and, as importantly, reduce human error. In this whitepaper, we’ll discuss the immediate advantages of leveraging digital technology to better manage your firm, streamline inefficient operations, remain competitive, while enhancing the client experience with digital tools. |
