Artificial Intelligence is forcing the traditional legal sector to radically transform its working practices and business models, according to digital transformation expert, Karen O’Connor.
The CTO, at corporate law firm, Lander and Rodgers, says that means some roles will be made redundant and replaced by sophisticated algorithms.
“It’s predicted there will be 30 to 40 per cent less legal work in the future,” says the former Hewlett Packard and IBM executive.
Her words mirror those of Professor Richard Susskind – top futurologist and adviser to UK’s Lord Chief Justice – who predicts a “world of online courts, AI-based global legal business, liberalised markets, commoditisation and outsourcing, internet-based simulated practice, and new legal jobs.”
Speaking at Capgemini’s, How Humans and Machines Can Work Together in the Future, Ms O’Connor explains the impacts of AI on case law.
Ms O’Connor says the growing interest in applying AI in law is slowly transforming the profession and closing in on the work of paralegals, legal researchers, and litigators, which will only continue to grow as the technology matures.
“Contract comparison can be done automatically through technology and predictive analysis can generates results that forecast litigation outcome and determine whether you go ahead with that case or not,” she says.
Shift in mind-set
Ms O’Connor says the legal profession will be forced to change its relationship with technology.
Clients expect an increased reliance on legal analytics technology.
Consequently, future lawyers will need to take advantage of technology and equip themselves with the skills needed to implement data analytics.
While the technology poses threats to the traditional legal sector, Ms O’Connor says it also presents opportunities for those that can adapt and capitalise on emerging trends to develop new business models, improve the client experience and maximise their profits.