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November 21, 2019

Farah & Farah: Is Artificial Intelligence The Future Of Legal Technology?



The role that artificial intelligence (AI) plays in our daily life goes beyond powering chatbots and selecting custom-tailored ads to show each user based on their interests and geographical location. From the health system to architecture and the legal field, AI has been taking care of repetitive tasks, predicting outcomes, and cutting down costs along the way for years.



At Farah & Farah, one of the largest law firms in Florida and Georgia, the personal injury lawyers are firm believers in the benefits of AI and the advantages that come with integrating artificial intelligence into to legal technology. It is hard to imagine such technological products as legal research, e-billing, e-discovery, and contract analytics without the power of AI. So, what is AI? And does it really hold large productivity gains for the legal field?

High Tech in the Legal Realm

Technology and software have been adopted in the legal world for decades now. In what is fondly called, legal tech, legal services are offered with the help of software applications. The idea is that, using cognitive computing, computers can learn to process documents, make predictions, and come to conclusions. All without requiring much input from humans.

If this sounds futuristic, that’s because it is. With AI, computers are not programmed to do tasks. Instead, they’re trained to perform the same routine tasks that people used to do. And computers do them faster and more efficiently as well. From filing papers to analyzing documents and legal contracts, cutting-edge legal firms such as Farah & Farah, are using technology to free up precious resources. This time that is saved is then dedicated to working with clients to get them the justice they deserve.

AI and Automation

As with every other field, once the subject of automation is raised, many people start to worry about losing their roles in the industry. The legal field is no exception. It is estimated that by 2036, around 100,000 legal roles will be taken over by computers and AI.

In the short term, they may sound alarming. But as with other industries, both innovation and technology can be used to transform the day-to-day business at the office as well as how legal services are offered to clients. One example that Farah and Farah provides is that through automation, simple administrative tasks can be taken care of by AI leaving more time for attorneys to meet directly with the clients to ensure that their cases are as good as possible. Rather than fear the change, the legal profession can evolve to adapt and benefit from the potential of AI in the field.

Cutting Costs

When technology was first introduced in the office, many legal firms, including Farah & Farah, were surprised to find that AI cut down on costs. The legal platforms are themselves cheap to buy and when implemented, they take care of all the mundane routine tasks that would take employees hours, if not days, to finish.

Since most of the basic infrastructure needed to bring AI into an office has been replaced with cloud computing, all the high costs of purchasing, installing and maintaining physical servers and paying for the people to manage them have been eliminated. It is now within every legal firm’s means to become a law-tech firm and see an increase in productivity and profits.

The Verdict

Farah and Farah concludes that while AI and automation may be difficult ideas to fully conceptualize at times, the potential benefits to clients greatly outweigh the changes that need to be made to improve the legal industry. Artificial intelligence is the future for many industries and for the legal world, it is no different.


 
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