The Future Of Law: How AI Is Revolutionizing the Legal Industry

The world is changing thanks to fast-evolving technologies impacting every facet of our lives. This massive transformation is revolutionizing everything, including the legal industry.

Our ability to mine data is turning more single-event personal injuries into mass tort cases. Robotic surgery and software that administers medication are changing the medical malpractice discussion. 3-D printing makes everyone a manufacturer and requires us to take a new look at how we define “liability”.

All these technological advances also have profound implications on how law firms run.

These changes aren’t just happening “someday” – in fact, many of our forward-thinking clients are already taking advantage of these advances.

Data Mining

Customer data is everywhere and it provides incredible insights into the best way to serve clients.

Data allows your firm to understand clients better, opening up opportunities that wouldn’t have been available before.

For instance, a Litify customer is generating 200 extra cases per month with data mining. The firm uses technology to uncover opportunities for mass tort cases by cross-referencing single-event personal injury cases with other medical records.    

Natural Language Processing (NLP)

NLP technology allows computers to interact with us via voice or text as if they’re human beings.

The most common use is chatbot, which is widely used for customer care such as answering questions or assisting purchases.

Some law firms have already added such technology to their arsenal and have begun using a chatbot to sign up clients. For instance, Morgan & Morgan employs a Ph.D. in artificial intelligence to implement AI technology on their site hurricanelawyer.com.

Machine Learning

Sitting on a pile of data won’t do any good if you have no way to make sense of it. Machine learning gives you the ability to predict outcomes based on the data you have.

In a study, 750 cases were “fed” to an AI-driven program and also given to 100 lawyers to predict their outcomes. AI was correct 82% of the time and lawyers 67%. Even though AI won’t be replacing lawyers anytime soon, it adds tremendous value in processing documents, screening cases, and predicting success rate so law firms can operate more efficiently with a leaner support staff.

Applying AI To Your Law Practice

These trends in AI are already in motion.

Data mining, machine learning, and natural language processing technology are helping law firms deliver services more quickly at a lower cost and with higher accuracy.

From uncovering hidden opportunities to facilitating document review, screening cases, and predicting outcomes, the use of AI is transforming how attorneys work.

Here at Litify, our team and customers are proud to be at the forefront where technology and legal practice converge.

Soon, you’ll be able to apply AI to your law practice without adding a Ph.D. in AI to your staff.

Litify.ai incorporates machine learning, chatbot, and data mining technologies customized to the needs of the legal industry.

That means you can use it right out of the box and start revolutionizing your practice right away.

Sign up for the early notification list and you’ll be the first to know when it launches in January 2018.

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