Advances in technology have fueled predictions the legal industry will have a very different look in the coming decades.
Much of the hype centers around artificial intelligence (AI) and how this can reduce legal costs and improve the quality of services for clients.
AI-based services aimed at smaller solicitors’ firms, allowing them to save time in the construction of legal documents such as wills, separation agreements and recovery claims, have been around for several years.
Large corporate law firms have also been investing in AI to, among other things, assist with high-volume document review.
But with these advances have come predictions of considerably less employment in the sector.
A report by an initiative of the Law Society of England and Wales earlier this year predicted a “savage reduction” in full-time jobs by 2050 and, in the more immediate term, the end of the partnership model, the deskilling of the legal profession as AI takes over and a dramatic drop in remuneration levels.
Continue reading: https://www.independent.ie/business/irelands-best-law-firms/the-jury-is-out-on-artificial-intelligence-41021065.html
Much of the hype centers around artificial intelligence (AI) and how this can reduce legal costs and improve the quality of services for clients.
AI-based services aimed at smaller solicitors’ firms, allowing them to save time in the construction of legal documents such as wills, separation agreements and recovery claims, have been around for several years.
Large corporate law firms have also been investing in AI to, among other things, assist with high-volume document review.
But with these advances have come predictions of considerably less employment in the sector.
A report by an initiative of the Law Society of England and Wales earlier this year predicted a “savage reduction” in full-time jobs by 2050 and, in the more immediate term, the end of the partnership model, the deskilling of the legal profession as AI takes over and a dramatic drop in remuneration levels.
Continue reading: https://www.independent.ie/business/irelands-best-law-firms/the-jury-is-out-on-artificial-intelligence-41021065.html
