The advent of artificial intelligence for lawyers has revolutionised the industry in recent months in the wake of AI. But what exactly is AI and how does it work? Join us in this article and dive into the world of creativity that this technology offers to discover the benefits, use cases and some of the AI tools for lawyers that are already emerging. Get ready to unleash innovation that has the potential to change many ways lawyers work.
Generative AI is a branch of artificial intelligence that focuses on the creation of original content, such as text, images and music. Unlike traditional AI, which relies on learning from existing patterns, generative AI has the ability to generate new content on its own. It uses machine learning models, accompanied by concrete training, to learn from large data sets and then produce results that are not based on specific examples, but on a general understanding of the context.
AI uses deep neural networks and advanced algorithms to learn patterns and features from a training data set. This data can be anything from images and text to musical melodies. Once trained, the AI can produce new outputs based on the rules and styles it has learned.
Imagine you give the AI some musical notes from a classical melody. The AI analyses the characteristics of those notes and then creates new notes that follow the style and structure of the original piece. In this way, the AI is able to compose original music in a particular style without simply copying or reproducing what already exists.
Since the end of 2022, a variety of such solutions have become popular due to their simple usability. The user only has to propose a text prompt to the AI, usually via a simple chat and receives what he or she has described to the AI. The more complete and well-crafted the prompt is, the better the result the AI will provide to the user.
AI offers different advantages for lawyers and legal professionals. Firstly, it enables the automation of repetitive and routine tasks, such as drafting standard legal documents. This saves time and effort, allowing lawyers to focus on higher-value and strategic tasks.
In addition, AI improves efficiency by speeding up the production of legal documents and reducing the scope for human error. Because AI uses models, lawyers can obtain fast and accurate results, making it easier to make decisions and resolve legal cases.
Another key advantage is the ability of AI to analyse large volumes of data and extract relevant information. This allows lawyers to conduct extensive research in a short period of time, which previously would have been an arduous and time-consuming task.
AI has a wide range of use cases in the legal field. One of the most prominent is automated contract drafting. Lawyers can use AI tools to create customised contracts from standard templates, saving time and ensuring consistency in drafting.
Another use case is the generation of answers to frequent legal queries. AI tools can analyse common questions and provide accurate and relevant answers based on case law and applicable laws.
AI is also used in legal risk analysis. Lawyers can use AI tools to assess and predict potential risks in contracts and business transactions, helping them make informed decisions and mitigate potential risks.
It is important to note that AI is not a replacement for lawyers or human labour in the legal field. While it can automate specific tasks and provide drafting and analytical assistance, the intervention and judgement of legal professionals are still required to interpret results, make strategic decisions and provide comprehensive legal advice.
It should be made clear that AI is neither a thinking entity nor an all-powerful being with all the answers. Currently, existing solutions are based on models that analyse results and provide answers based on the data they have analysed. In this context, the better trained the algorithm is, the better results it will provide.
It is also worth noting that artificial intelligence can have already known hallucinations: these are moments when it fails and delivers a result that makes no sense or has no basis, even if it is drafted in a professional manner as a lawyer would. For this reason, it should be borne in mind that any result provided by AI should be reviewed. It is an assistant, a tool that can simplify tasks and make them easier for legal professionals, but the lawyer using it will always have the last word. In search of an AI specifically for lawyers.
artificial intelligence is changing the way lawyers work and provides new opportunities to improve efficiency, accuracy and agility in the legal field. Although they must monitor all AI-generated content, thanks to technology, lawyers can automate routine tasks, generate personalised legal documents and obtain relevant information in less time. While AI is not a replacement for human judgement, it is a powerful complement that, used correctly, can help lawyers adapt and thrive in the digital age.
At Bigle Legal we are developing artificial intelligence for legal departments and lawyers that we will include in our Contract Lifecycle Management (CLM) platform. Generic AI models are great, but we want to create one that is specifically targeted at the legal sector. Do you want to be among the first to try it out? Then join our waiting list.