Measuring the advantages and obligations of artificial intelligence – Canadian Lawyer Magazine

Lawyers can review contracts and documents and extract vital information to organize data through applications such as Kira.

In a profession steeped in legislation, precedent, statutes and codes, there are new amendments and rulings constantly being released that have the potential to change the face of law. AI provides the ability to review and analyze such pertinent data quickly and easily, unshackling lawyers to better serve their clients.

According to Forbes, the legal services market is one of the largest in the world, grossing close to US$1-trillion a year globally. The report also notes that the field of law is tradition-bound and notoriously slow to adopt new technologies and tools. Still, Forbes predicts that to change in the coming years.

More than any technology before it, artificial intelligence will transform the practice of law in dramatic ways. Indeed, this process is already underway, according to the report. The law is in many ways particularly conducive to the application of AI and machine learning. Machine learning and law operate according to strikingly similar principles: they both look to historical examples to infer rules to apply to new situations.

There is little doubt AI has and will play a role in the practice of law. Still, it is important to be cognizant of the need for ethical guidelines.

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Measuring the advantages and obligations of artificial intelligence - Canadian Lawyer Magazine