Legal contracts are everywhere. Anything that a company does, be it purchases, sales, mergers, acquisitions, partnerships, and more, depends on legally enforceable contracts. Once known for its resistance towards adopting technology, the legal sector has changed because of the pandemic and has now embraced it
Willingness to adopt technology has also paved the way for AI and ML to become a part of the legal system and shape its future. Even though the impact is omnipresent, one area where AI is making rapid inroads is legal research. Traditionally a manual process, it has gradually become digitized over the last decade.
The growing impetus led to the rise of several smart startups that promised to leverage NLP to shape tomorrow's legal research and litigation management.
In this article, we discuss the influence of AI on legal research.
You won't come across a single lawyer who claims he entered the profession to improve his research skills. Legal research is a tedious process that consumes a significant portion of the legal team’s time. Also, given the complexities involved, it is often difficult to predict the results of a particular case. AI is here to change the way we look at legal research and case management. Here is how –
NLP-powered searches Legal research will always be a complicated task. It definitely differs from asking Google Assistant to play your favorite song or asking Alexa to search for a specific product. With customers expecting more every passing day, it becomes far more critical. Traditionally, we have seen attorneys and their assistants performing searches. The language is very different, and so are the search terms.
With AI in the fore, natural language processing usage would enable machines to produce the most relevant results and filter out the irrelevant ones. It uses prior users' queries to build a predictive model that guesses what the searcher is looking for and why. It enables smart questions by removing or adding requisite blanks and figuring out the exact keyword. All of it ensures better case management for the lawyers.
It saves time Lawyers spent 6.21 hours per week beyond their allotted hours, disrupting their work-life balance. It was resulting in depression and anxiety amongst them at a higher rate than in other industries. It also resulted in higher pay for them and contributed to distrust between lawyers and their clients.
With AI on the scene, it reduces unproductive hours spent on legal research. It is beneficial for both parties – it reduces the time a particular case takes for the lawyers and helps reduce costs for the one who hired them. A National Legal Research Group, Inc. study reveals that the adoption of AI tools has helped legal researchers complete their search tasks 24.5 percent faster. It has been helping the legal team save up to 210 hours each year.
Litigation analytics AI brings a range of predictive analytics, reshaping how we view litigation management systems. In the earlier days, litigation management was about a lawyer's experience and the insights he could garner.
The modern AI-powered litigation management system provides a big-picture sense of how the lawyer may respond to a particular claim, the ancillary matters involved, and how the final judgment may turn out. Further, the presentation is graphics-based and relies more on data and ML than on experience. All of it, presented in a visually appealing manner, gives more confidence, even to a rookie.
Reducing the overruling possibility There is a wealth of data for lawyers to rely on when working on a particular litigation. They are often unsure whether their reference is a good law for a specific scenario. Using advanced NLP, AI considers multiple factors and can flag redundant cases.
ML is a continually improving algorithm that reduces the chances of unfair practices being hidden behind legalese. It also reduces the overall time taken in the case by eliminating unnecessary overruling and postponement of the judgment.
Provakil is here to boost your legal research capabilities
Provakil is a new-age legal operations management enterprise with a single, integrated SaaS platform that helps legal teams manage all their legal endeavors conveniently. We understand that the growing volume of resources may make it difficult for you to extract the most relevant information within the given time frame.
So we at Provakil have developed a litigation search engine to cater to all your litigation management needs and help you extract the most relevant search results for your queries in real time. Our ML and AI capabilities are proven performers and have helped a host of enterprises gain the upper hand.
Dive deep into Provakil's numerous blog posts & discover how legal tech can streamline your litigation, contracts, IP, and notice management processes.
