Will robo-lawyers replace human attorneys by 2050? Well, while that’s unlikely, a recent survey suggests that technology will play an increasingly larger role within the legal industry. The survey was conducted by Consilio, a global leader in e-discovery, document review, and legal consulting services. The survey’s main finding is that 53 percent of legal professionals believe artificial intelligence (AI) will create more opportunity within the legal industry, with another 40 percent saying it will help the industry.
While AI might be a new acronym to you, the odds are that you’re already familiar with it. Generally, AI is the development of computer systems to help perform tasks that normally require human intelligence. Think of self-driving cars and chess-playing computers. AI makes it possible for machines to learn from experience, adjust to new inputs, and ultimately, perform human-like tasks.
No Longer Limited to E-Discovery
AI is not new to the legal industry. But, it has typically been limited to the realm of e-Discovery, where computer programs read and identify case-relevant documents. The Consilio survey though suggests that AI will soon begin impacting the industry in other ways.
Consider the following results:
- 37 percent of legal professionals believe AI will heavily impact contract drafting and management
- 32 percent of professionals think AI will influence litigation analysis
- 15 percent of those surveyed believe AI will affect risk assessment
- 15 percent also believe AI will impact computational models that predict legal outcomes
According to Amy Hinzmann, Managing Director at Consilio: “Artificial intelligence is slowly integrating into every aspect of our lives and the legal industry is no exception.” Hinzmann also commented that: “The results of this survey confirm the legal industry is preparing for and excited about how AI will impact their jobs. Improved processes, like those already seen in e-discovery, will help speed up once tedious processes and give legal professionals time to focus more on the strategic aspects of their roles.”
Additional Survey Findings
In addition to the above, the Consilio survey also showed that:
- 62 percent of legal professionals believe that AI currently impacts their day-to-day jobs
- 95 percent of those surveyed expect AI to impact their day-to-day jobs in the next five years
- 29 percent of respondents think that loss of jobs will be the biggest negative impact of AI on the legal industry
- 28 percent of professionals believe AI will create less opportunity for junior associates
- 33 percent of respondents said AI will have no negative results on the industry at all
The Consilio survey is based on the responses of 105 legal professionals from in-house law departments, law firms, and government affiliated entities. It was conducted by Consilio at the Legalweek conference held from January 30 – February 1, 2018. Consilio supports multinational law firms and corporations using innovative software, cost-effective managed services and deep legal and regulatory industry expertise.
LAW DAWGS has been in the business of legal and corporate staffing for almost 30 years. We have seen the development of AI and the direct impact it has made on the legal industry. We also have an impact on the industry – including employers and candidates alike. Please contact us today if we can help with your placement or staffing needs.