Artificial intelligence is reducing the need for lawyers and increasing demand for other legal technology positions in the law firm. There are new technological tools that have driven change in the sector in customer-oriented processes, such as contract management, legal research and discovery, as well as in final processes, such as office management and billing. There's no denying that technology has the capacity to improve the industry. However, an automated approach to the legal process brings even more benefits.
It helps reduce manual intervention in the process, frees up time for lawyers to focus on higher-value tasks, allows for subsequent assignment of work, and speeds up cycle times. It also produces data and metrics that allow law firms to identify opportunities to redesign and improve processes. Despite the evolution of the technological landscape, there will continue to be a need for lawyers in the future. These and other changes reflect a wider trend of digitalization and a greater reliance on technology in the legal profession.
It currently offers 96 different types of automated legal documents on estate planning, intellectual and commercial property, property, employment and family law. Most of the lawyers I've spoken to say that if you ask ChatGPT, let alone a more sophisticated version, to write a note about a legal issue, you'll get something roughly as good as what a first-year law firm associate would produce. The legal technology industry will continue to grow and develop innovative solutions, case management tools, communication platforms designed for legal professionals, and more to address the various challenges in the legal field. Legal technology offers several ways for firms to unlock and capture legal knowledge and share it with other lawyers in need. Although there have been some doubts about adopting this technology in the industry due to cybersecurity problems, the technology is catching up in this area and deserves to be explored.
With the right technology, access to documents and permissions can be configured down to the file level, and the platform has full digital rights management and activity reporting to help control and monitor who does what. After all, from the emergence of technology in the workplace to the popularity of the Internet, social networks, legal software, and remote work, lawyers have always adapted to new technologies to remain relevant. All but perhaps the most unique and exceptional legal matters have a standard process and workflow. The simple act of buying a technological platform and expecting it to be applied unilaterally to the particular needs of a company or department presents significant problems. And then, technology allowed people to order any song and put it together however they wanted.
Another company, Smokeball, has developed “automatic time” using cloud-based technology to keep track of the hours worked by lawyers, whether they are at home or in the office.