‘Elite’ Law Firms May Be Among Earlier Adopters of Artificial Intelligence Platforms
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Many clients appear to be moving forward with the Watson technology.
Watson – the promising cognitive computing platform from IBM – has yet to engage many law firms, but looking ahead some of them may have little choice but to become an adopter. This is especially true given the momentum that similar platforms have gained with law firm clients industies.
“Our expectation is that clients … [and] especially large banks … [and] ‘SIFI’s’ [systemically important financial institutions] will adopt it first …. Since they’re such critical clients for BigLaw, elite firms will have to follow,” Bruce MacEwen, president of Adam Smith, Esq., said in a statement to Legaltech News.
One tool already utilizing Watson for legal issues is ROSS – which was developed at a class at the University of Toronto, and came in second-place in the Watson University Competition. ROSS takes in natural-language legal questions, performs legal research related to the questions and attempts to answer the questions, according to Legaltech News. It also monitors the law to notify users of new court decisions that can affect a case. One sample question it could answer is, “When can a debtor reject a collective bargaining agreement as per the US bankruptcy code?”
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