Get started
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action
Menu
Get started
Blog header general

Law Firms End of Year Survey*: time and cost savings most exiting benefits of AI and TAR

Jeffrey Wolff
Mar 3, 2020 12:01:00 AM

Today’s affordable and easy-to-use software-as-a-service (SaaS) eDiscovery platforms have eliminated the need for large, upfront capital expenditures to buy the necessary software. Almost 75% of the firms now have eDiscovery tools in-house. 

“Ease of use” (36%), and “quality and accuracy” (36%) are the most important benchmarks when law firms evaluate an eDiscovery solution. Even when the respondents could change one thing about their current eDiscovery tool, “costs” would only come third.

Artificial intelligence (AI) and Technology Assisted Review (TAR) have revolutionized the legal profession. Advances in AI and TAR drastically increase the speed and improve the quality of the eDiscovery process, and smart, innovative law firms already discovered the benefit from the use of the latest analytic technologies to deliver higher quality services to their clients.

Not surprisingly, these are exactly the developments in eDiscovery that excite lawyers the most. Law firms with more than 100 lawyers are more excited: 79% versus 57% of the smaller firms (< 100 lawyers).

Benefits of Artificial intelligence (AI) and Technology Assisted Review (TAR)

Time and cost saving and efficiency favorite benefits

Interestingly time, cost saving and overall efficiency are named as most exciting benefits, for AI, TAR and Auto-classification.

ZyLAB: eDiscovery service provider

ZyLAB ONE eDiscovery as a Service for law firms

Learn how to save time and costs with ZyLAB’s Legal Analytics

ZyLAB ONE eDiscovery as a Service for law firms comes with Artificial Intelligence and Data Science tools that enable the highest level of automation. You can cover multiple eDiscovery use cases with one platform. This way you can handle more cases, more volume, and benefit from better pricing. There is no need to involve third parties; firms can internally handle the  project management and data science (machine learning) which results in cost savings  for your clients.

Read more about how new technology offers law firms of every size a modern asset for true differentiation in the legal market.

* The outcome of this survey is provided for informational purposes only, and should not be construed as (legal) advice on any subject matter. ZyLAB expressly disclaims all liability in respect to actions taken or not taken based on any or all the outcomes of this survey.

You May Also Like

These Stories on Law firms