What are the tasks that law firms spend time doing today that could be simplified or erased via automation?
Document Review
Imagine Isabella as a corporate lawyer who works under big pressure and has to deal with deadlines to complete client reports? She, and her team, have to review thousands of documents.She spends her day scanning documents specifically looking for: meetings with representatives of other companies, email exchanges and any document mentioning other company names.
She puts all those documents in Kira, and receives a list of results or hits. She can also personally check the other documentation that did not pass the AI filter. If she manually sees documents that were important to the case but were missed by the machine she can point this out and the machine learns to extract patterns from those missed documents. The more data you have and the more tests you do the better the machine gets at doing this task.
Writing legal documents
Imagine a world in which your next financial report or blog post will not be published by a human. There are AI-powered tools that work by analyzing tens of thousands of existing pieces of content to understand a writing style. Then they replicate the style with new data to produce original content. You can see it in action in the links below
https://youtu.be/XMJ8VxgUzTc
https://openai.com/
https://automatedinsights.com/wordsmith/
You can also have an AI automating the tedious tasks of writing the minutes of meetings. See this demo by Microsoft
Automating conversations with clients
Conversations with clients are performed by a bot and demands lawyer intervention only when the bot is not capable of replying (extra expertise is needed). The lawyer is to focus only on the most interesting tasks.
Wilfried De Wever, adviser to a selected group of startups shaping the future of law, refers to Patentbot as the go to example in this field. Clients can get help with automating their IP protection much faster and at a lower rate. Partnering legal service providers can integrate this bot into their service offering and start reaping the benefits.
Joining platforms and networks of lawyers as a niche specialist
In some cases, lawyers may have very specific expertise that is not always in demand in their organization or their location. Imagine you are a lawyer or a law firm with a lot of expertise related to cryptocurrency or block chain law. For these cases, it may be worthwhile to join a platform or network that allows you to find additional clients for that specific expertise. https://legalnodes.org/ or https://legaladviceme.com/ are examples of such platforms.