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Getting started with AI

Artificial intelligence has burst into the legal services sector and it’s now here to stay, says Stephen Brown as he shares some practical pointers to get you going

3 April 2019

According to PwC’s 22nd Global CEO Survey, 85 per cent of business leaders believe AI will significantly change the way they do business in the next five years, with nearly two-thirds seeing it as a bigger force than the internet. 

AI can work in your firm by reducing risk, improving efficiency, or allowing your legal teams to be more productive. 

Risk, efficiency, productivity 

Let’s start with cost management, which is one of the main causes for complaint. AI can be combined with predictive analytics to analyse all the matters within your financial management systems, and report whether or not this matter will complete within the original costs budget. 

Simple solutions available today can deliver a similar function, but an AI solution can process more data and perform more ‘what if’ scenarios.

For example, an AI solution could consider the complexity of a case by reviewing documents in the ...

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