In the keynote at the ABA Tech Show in Chicago next month, Professor Dan Katz will offer a provocative view of the near future and tell lawyers that they should embrace innovation and new technologies if they want to ensure their economic survival.
Prof. Katz is right of course. Artificial intelligence (AI)-based technology is steadily revolutionizing the legal profession. Certain tasks of the traditional lawyer can easily be outsourced to technology. That is no reason for panic. AI is just helping attorneys to manage data-intensive tasks more productively and efficiently and to make better and more well-informed decisions.
Be smart and innovative
Smart and innovative law firms embrace the advances in AI-based eDiscovery analytics to drastically increase the speed and improve the quality of their eDiscovery process. They use the latest analytic technologies to deliver higher quality services to their clients. All law firms of every size could and should. The benefits are clear.
Reduce data volumes – cut through the noise
By using analytics to reduce data volumes, you can quickly cut through the noise and zoom in on the relevant documents. With deep search and analytics, your team will understand the facts early in the process allowing you to focus on developing the best legal strategy for your client. It will also enable you to support your team to make the best use of review resources and do more work with your current team. This way you never have to pass on new opportunities because of capacity problems.
Early insights for a stronger case
By using analytics, lawyers can make decisions and plan legal strategies based on facts rather than instinct or assumptions. After all, early insights mean a stronger case, firmer negotiations, and the knowledge that you need to win. It also means improving productivity and precision of your team.
Find out what really happened with deep search and analytics. The use of a variety of innovative Artificial Intelligence and Data Science tools results in higher quality work and less risk of errors or missing key issues. This minimizes the change of liability claims and increase of insurance premiums.
Cost effective for client and firm
ZyLAB ONE eDiscovery as a Service 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 of better pricing. There is no need to involve any third parties; you can bill the hours for project management and data science (machine learning) but still be cost-effective for your clients.
So lawyer, there is nothing to fear. There is no need to worry that AI will replace lawyer’s intelligence. AI has nothing to do with replacement. Also in the future times, attorneys will still make the final decision over how to proceed in a given case or transaction
AI is just transforming and enhancing legal practices. And at the end of the day, grow profit for your firm.
For more details, please watch this 30 minute demo and see how ZyLAB ONE eDiscovery offers law firms of any size the most innovative software to support the entire eDiscovery workflow of their clients.