Artificial Intelligence (AI)
AI is opening up transformational opportunities, whilst at the same time presenting a wide range of ethical, legal and regulatory challenges for companies, governments and professions alike.
A recent trends report survey, ‘Artificial Intelligence and the Future of Law' suggests that there will be huge advances in the legal sector in the next 18 months. Of 200 firms interviewed in order to gain an insight into the current trends in AI investment, implementation and impact, 81% of respondents said they were looking to invest in AI technology within the next 24 months, and over 50% stated that their primary objective when acquiring AI was to improve their internal productivity capacity. Among those businesses which currently use AI, the largest contingent – over a quarter – use AI for contract review and a fifth for legal research. Targets for future investment included AI for IP, legal analytics and predictive technology.
The Law Society have recently published their own horizon scanning report Artificial Intelligence (AI) and the legal profession, which explores the use of AI in legal practice in areas such as document analysis and examines the legal issues arising from the increased use of AI systems, including issues around transparency, ethics and liability.
This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.