“In the past year or so we’ve seen the legal market’s understanding of the strengths as well as limitations of AI mature in a very constructive way. What this means is that the dialogue has moved away from alarmist conversations about ‘robot lawyers’, and into the realm of how lawyers can leverage this new wave of software in their day to day workflows.”
Even so, times will change: “We are currently still in the adoption phase of narrow applications of artificial intelligence in the legal space. This cycle will likely continue for the next 12 months or so and from there we’ll enter into the next phase of the adoption cycle. At that point, we’ll begin to start seeing how the delivery of legal practices will evolve across the entire industry,” explains Arruda.
“It’s still too early to tell how this will play out in detail, but we’re already seeing a rethinking of the classic ‘big law’ and billable hour model, as well as the nature of the lawyer-client relationship. In the future, lawyers will be able to play a very valuable advisory role for their clients, as the more simple and routine work can be both expedited and performed to a higher degree of accuracy using AI tools.”
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