A recent article by John Ritter, UnitedLex Chief Operating Officer, published on Law.com’s Legaltech news, delves into how artificial intelligence (AI) and generative AI (GenAI), are actively reshaping litigation and procedure. With our recent survey of more than 200 litigators serving as a springboard, he cites the survey’s findings in a thought-provoking article on the dramatic transformation influencing the future of litigation.
Key highlights:
- AI Streamlining Litigation Workflow: AI offers numerous benefits that streamline litigation workflows. From legal research and e-discovery to due diligence and contract analysis, AI-powered tools automate labor-intensive processes, freeing lawyers to focus on more strategic work.
- Gen AI: A New Frontier in Legal Work: GenAI tools can generate first drafts of legal documents, analyze legal precedents, and provide relevant summaries and insights. This technology not only speeds up research but also fosters personalized client communication, building stronger relationships and promoting transparency.
- Benefits for Law Firms: Law firms are embracing AI and GenAI for increased efficiency, reduced costs, and enhanced expertise. AI tools streamline workflows, allowing lawyers to handle more complex cases and generate greater revenue. Enhanced expertise is another key benefit with AI tools providing a wider range of information and insights, leading to sharper legal arguments and stronger case outcomes.
- Benefits for In-House Counsel: In-house counsel are also leveraging AI for cost optimization, comprehensive legal analyses, and risk assessments, contributing positively to the organization’s bottom line. AI tools can provide in-house counsel with comprehensive legal analyses and risk assessments so they can make more informed decisions that impact company interests and minimize potential legal liabilities.
- Challenges and Considerations: Challenges such as data quality, bias, and ethical concerns must be addressed. Ensuring transparent and ethical AI implementation is crucial. The “build vs. buy” decision for technology solutions is another consideration, with many opting to access AI tools through ALSPs.
The full article can be read as published on Law.com’s Legaltech news:
https://www.law.com/legaltechnews/2024/07/29/a-new-frontier-in-litigation-how-ai-is-evolving-the-practice-of-law/
