This article is written by Sudipta Ranjan Sahoo and the article is edited by Khushi Sharma (Trainee Associate, Blog iPleaders).
What is artificial intelligence?
AI is a computer system that can execute activities that would normally require human intellect to be accomplished. It is common for these artificial intelligence systems to be powered by machine learning, as well as deep learning and rules. As a result, you will need to understand how to use the data in a systematic way. It has become a need because of the rise of data-driven service companies.
How is Artificial Intelligence affecting our daily life?
Our daily lives will be impacted positively by artificial intelligence as it helps us remember appointments, suggests articles and news we might be interested in, and more. The database industry as a whole is going to feel the effects of this technology in the not too distant future. For better or worse, artificial intelligence has the ability to fundamentally alter human interaction, not just with the digital world but also with one another, at work and in other socially significant organizations. In order to make sure that AI has a good impact, it is vital that all stakeholders participate in the debates around artificial intelligence (AI).
Why is Artificial Intelligence important for the Indian legal framework?
Recent years have witnessed the use of artificial intelligence in a variety of industries, from hotel concierge robots to automated entertainment and cell phone use cases. It is hard to overstate the impact of artificial intelligence on a wide range of sectors. Because of this, the Indian legal industry has experienced relatively little technological advancement, and attorneys there are still accustomed to and depending on solutions that were developed many years ago.
When it comes to the practice of law in India, artificial intelligence can have a significant impact. Legal research might be one of the most significant areas where AI could have a negative impact on the law.
Within seconds of using Artificial Intelligence, attorneys have access to a wealth of information on the Indian legal system, which is always developing and expanding. To do legal research today, a substantial number of man-hours are necessary; but, with Artificial Intelligence, the whole legal fraternity may be evened out.
“If you have a law company with 400 attorneys or a single practising lawyer, an artificially intelligent platform for research can get the job done in seconds and balance the costs of legal research so that the quality of research is consistent across all parties. Using these technologies, attorneys may better advise clients or litigate their cases, which is a win-win situation for everyone.”
SpotDraft, CaseMine and other Indian legal tech startups are developing Natural Language Processing [NLP] applications and introducing next-generation legal research platforms that help law firms go beyond keyword-based research, thus reducing the time it takes for them to find relevant information. A growing number of legal businesses are investing heavily in AI research, with some even establishing their own AI research laboratories.
What would be the face of future Law firms?
Competition in the legal sector has increased significantly in recent years, both in India and throughout the world. It is now necessary for law firms to take advantage of technological improvements and client needs in order to remain competitive in today’s business environment. Those that turn a blind eye to these developments will find themselves outdated in the next few years. In the future, law firms will look very different from the ones we are used to seeing.
Let us have a look at some of the qualities of sophisticated legal firms:
1. Innovations in servicing clients: Client service and treatment will undergo a fundamental shift over time. Law Firms would approach their clients with fresh ideas and more authentic and cost-effective legal solutions. Law Firms in India now price their services based on the amount of time it takes to generate the services, or in other words, the billable hour technique. However, this billing system will become outdated in the near future. If a legal company wanted to better serve its customers, it may consider using a Performance-Based Pricing Strategy [PBPS]. Due to the fact that customers only pay when they meet their goals, this pricing model is designed to be particularly client-friendly, which in turn helps to build stronger professional relationships between law firms and their clients.
2. Focus from Revenue to Higher profits: Nowadays law businesses focus on raising income, but the rivalry between law firms is always expanding and the need for legal services has remained unchanged, making it incredibly difficult to increase revenue. Law companies will no longer be concerned with revenue, but rather earnings and margins.
3. Making Technology the foundation for growth: As a result of these new AI-based solutions, the legal profession has seen a major increase in efficiency and customer satisfaction in recent years. E-Discovery solutions, contract drafting automation, and trademark search are just some of the legal IT businesses that have emerged in the last few years. To assist law companies become more efficient and maybe lower expenses or obtain larger profit margins, AI-based legal solutions are beneficial. The law firm of the future will not only adopt these technologies, but it will also collaborate with other firms to develop AI-based solutions that might further improve the legal industry.
4. High focus on brand value: In the future, legal firms will put a lot more emphasis on their brand.
The reputation of a law company may be tarnished by a single poor or irresponsible piece of advice from only a few employees, thus law firms need to rely on AI-based legal solutions and platform and tech-savvy professionals in order to enhance their brand value.
Additionally, legal firms must host more and more conferences, as well as attend cross-border seminars and workshops, in order to stay relevant.
Artificial Intelligence is not the replacement of a lawyer?
Lawyers are torn these days about whether AI will replace them or boost their productivity and efficiency in the legal business. Lawyers, contract analysts, trademark search engines, and other legal researchers now have access to a wealth of new tools thanks to technological advancements in the field of law. However, no AI-based software or programme aims to replace a lawyer, and all IA-based software and programmes are boosting the authenticity, accuracy, and result-orientedness of research and analysis.
It is impossible to automate analysis, decision-making, and representation in the legal field.
The use of AI-based software and programmes may significantly decrease a lawyer’s time and effort and enable the attorneys and businesses to deliver more authentic and result-oriented recommendations to their clients.
In India, the legal business is still in its infancy and is eagerly awaiting more AI-based and automated aiding tools and software.
AI-based and automated aiding technologies are not going to replace the role of a lawyer, but rather help them become more efficient and knowledgeable while automating a number of clerical jobs.
Areas where Artificial Intelligence is helping the legal industry
Artificial intelligence is expected to play a major role in the Indian legal sector in the near future, according to some experts. At this point in time, there are several areas where artificial intelligence in law is being utilised.
These include the following:
Due Diligence –Using AI legal software to examine a contract, conduct legal research, or execute electronic discovery duties as part of due diligence is becoming increasingly popular.
Prediction Technology- Using AI legal software to examine a contract, conduct legal research, or execute electronic discovery duties as part of due diligence is becoming increasingly popular.
Legal Analytics- Lawyers can employ precedents and judgments provided by AI in their current cases based on data points from previous instances, as well.
Automation of Documentation- Get your legal paperwork ready in just a few minutes by supplying the necessary documents.
Intellectual Property- The use of artificial intelligence aids in the search and registration of trademarks, patents, copyrights, and other intellectual property (IP) assets.
Electronic Billing- This helps lawyers and law firms prepare invoices according to the amount of work they have done. So a lawyer may charge their clients correctly for the services they have done. In this way, attorneys and clients benefit.
Contribution of artificial intelligence to human productivity: boon or bane?
There is a misconception among attorneys and legal firms that Artificial Intelligence or Machine Learning is a threat to their survival, or put simply, that Artificial Intelligence is going to replace lawyers. Evidence from other sectors and verticals like e-commerce, healthcare and accountancy shows that AI will only help attorneys and law firms to achieve more with less, to become far more productive than their predecessors.”
The application of AI in legal proceedings should begin at the “Bar” and eventually go to the “Bench,” where judges might make use of NLP Summarization to summarise the arguments of both sides. Because of recent case law on the issue of the statute in question, judges were able to rapidly determine which side had validity.
From everything we have discussed thus far, it does not seem likely that AI will replace experts in the workforce. Indeed, an IA-based application will make professionals more productive, efficient and accurate.
How Artificial Intelligence Affects Due Process in Law Firms?
About Artificial Intelligence
Artificial intelligence is an area of computer science that is linked to computers and is capable of doing tasks that would normally need human intellect. It is a broad field of study with several schools of thought. To put it another way, advances in machine learning are causing a fundamental shift in the IT sector. An artificial intelligence system built on the premise that human intellect is capable of finding and completing tasks in a straightforward manner. The notion of artificial intelligence has evolved throughout time as technology has progressed.
The attorneys’ ability to quickly solve and anticipate the outcome of a case is aided by these skills. Some of the behaviours associated with human intelligence, such as problem solving, learning, perception, planning, social creativity, and intellect, are demonstrated by artificial intelligence.
There is a lot of overlap between the use of basic algorithms in simple applications and the use of more complicated algorithms in the framework of strong artificial intelligence.
Uses Of Artificial Intelligence When it comes to online shopping, virtual assistants like Amazon’s Alexa and Apple’s Siri utilise artificial intelligence to help you decide what you should purchase next, interpret what you say, and detect spam and fraud based on a user’s photo.
Types Of Artificial Intelligence
Narrow and broad artificial intelligence, as well as artificial super intelligence. In computers, we discovered a limited form of artificial intelligence.
They are taught how to perform a certain type of activity without a detailed instruction manual.
Siri, Apple’s voice-activated assistant, is a good example of this. General artificial intelligence is a whole other ball game. As a type of intelligence, it has the ability to learn about a certain activity.
It is a versatile shape. Using artificial intelligence, or AI, is a very advanced method. It has the ability to outperform the human race. Decision-making is a part of this process, as is the development of emotions and the creation of art.
Artificial Intelligence And Legal Practices Companies are constantly looking for new methods to improve the accuracy and speed of their work processes via the development of new technology.
Artificial intelligence has found a method to assist attorneys in their day-to-day activities in the legal profession. The use of artificial intelligence in legal research and litigation has revolutionized the practice of law. It is now being used in the field and enables a more efficient work flow.
Artificial intelligence’s current legal applications lie in the following categories:
1. Helps lawyers to perform due diligence and research
2. Provides additional “insights” and “shortcuts” through analytics
3. Create an automatic process in legal work Various uses of artificial intelligence (AI) are now being developed in the legal sector.
According to one of the UK’s most prominent legal and technological experts, this tendency will continue to develop in the coming years.
Susskind thinks this: AI and other technologies are enabling robots to perform many of the activities that people used to believe required human lawyers, and that is not plateauing. “It appears to be happening at a rapid pace,” Susskind predicts that by 2020, the situation will have warmed up.
The lawyer’s principal responsibility is to conduct thorough research on behalf of their client. Legal circumstances are assessed and facts, statistics and proof are confirmed. The lawyer needs to do a thorough investigation before advising his or her clients and taking action on their behalf. Long-term benefits accrue from the due diligence process, but the procedure itself is time-consuming.
Lawyers need to undertake timely investigations for the genuine outcome, as lawyers are also prone to errors and inaccuracies while doing spot inspections.
Advantages Of Artificial Intelligence
1. This helps to reduce human error, as we all have the tendency to make a mistake at some point. It does not happen if the computers are correctly designed. Using a collection of algorithms, artificial intelligence may assist in making judgments based on the information obtained. As a result, there are fewer mistakes and more accurate results.
2. 24/7 accessibility- Humans are designed in such a manner that even in the midst of a hectic schedule, they find time to relax and recharge. 4-6 hours of uninterrupted work per day is the norm for the average person. To help us work around the clock, we may use this technology to create machines that do not even grow bored like people.
3. Helps in repetitive jobs – There are countless tasks that are performed every day, such as sending emails, validating papers, and so on, that may be automated and freed up for human creativity by applying artificial intelligence.
4. Digital assistance – The employment of a digital assistant to communicate with people in advanced companies saves time and money. The user’s needs dictate how the digital assistant functions. If we are having trouble engaging with people, we can talk to them.
5. Faster decisions – As compared to humans, artificial intelligence allows for faster decision-making. A human’s genuine desires and search patterns may already be predicted by the machines they are working with. Humans make decisions based on their emotions and practicality, whereas machines make decisions based on what they have been programmed to do.
6. New inventions – There are several developments in artificial intelligence that assist humans to address big issues.
Disadvantages Of Artificial Intelligence
1. High cost of creations-Installing artificial intelligence is more costly than installing other types of machinery. Large sums of money must be paid in instalments and gear and software must be constantly updated to keep up with changing technology. These are complicated machines that require regular upkeep and repair.
2. Making humans lazy- Humans become lazy when they have to rely on machines for their labour. Humans become dependent on new technologies, and this might have negative consequences for future generations. 1.
3. Unemployment-Robots are taking over much of the work, which reduces the need for human intervention and raises concerns about employment standards. Most companies are now using artificial intelligence robots in place of human workers in order to increase production.
4. Most companies are now using artificial intelligence robots in place of human workers in order to increase production.
5. No emotions- These robots lack the capacity for feeling.. They work according to the programme and disregard the basic emotions that are associated with the hope of a client. In order for a team to function well, it is necessary to build strong relationships amongst members.
6. Lacks thinking out of the box- Every other output may be a huge background for the industry since machines can only accomplish the tasks that they have been designed to do.
Three Ways through which firms Can Use Artificial Intelligence Businesses across the board
- Technology that is being used in the legal industry has resulted in more efficient production and lower costs for law firms that are adopting it.
- In order for a computer to perform its fundamental operations, it needs artificial intelligence to excite the human brain.
- Computers use artificial intelligence to analyze data, draw conclusions, and identify trends.
With the advent of artificial intelligence, workers will be able to pursue various career paths and enjoy improved convenience
1. Legal research and due diligence- The lawyer do not have to bill for time spent doing research if the task is done by a computer in a short period of time. Thousands of rupees can be saved for the customer and research fees eliminated by this method. New aspects of the case can be discovered by using artificial intelligence. It has the capacity to function quickly, which helps speed up arbitration and litigation.
2. Review documents and contacts-According to the specifics of a case, artificial intelligence may examine and flag relevant materials. It is possible for a computer to learn which papers are comparable in relevance if a specific type of document has been identified as being pertinent by a user.
3. Rewriting contracts is made easier by bringing attention to the most important sources and making sure that contract deadlines are always recognised. As a consequence, the workloads of lawyers are lowered. Using AI, problems will be solved faster and more accurately.
4. Predict legal outcomes- Using artificial intelligence, attorneys may use long-term legal data to assist them in specific cases. A lawyer’s perspective on comparable issues can be gained from this book. Many challenging activities may be handled by it, allowing attorneys to spend more time analysing and counselling.
The decision to use artificial intelligence or another type of computer will be left to the lawyer. Decision-making can be aided by a lawyer’s mental growth and advancement in thinking.
Data management tools and encryption codes can be used automatically by artificial intelligence to secure information.
The lawyer may participate in positive change in the legal profession by studying how artificial intelligence is benefitting the future of the firm.
Artificial intelligence (AI) is one of the growing technologies that stimulate human reasoning. Computers can think, learn, and create because of this. If a computer programme relies on human intelligence, it is a r application. There are both advantages and downsides to artificial intelligence, but humans must take care of that and use only the good aspects of this greatest breakthrough for the better future and environment. Human civilization will be destroyed if artificial intelligence is misused, many believe. However, no application of artificial intelligence is meant to harm mankind.
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