This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In the intricate scene of the legal sphere, attorneys are the ones who mostly grab all the attention due to famous trials and their outcomes, TV shows, movies, and let’s face it, their income. Yet, behind every successful attorney stands a diligent and indispensable ally: the paralegal.
In fact, according to the MyCase 2024 Legal Industry Report , 81% of respondents who leverage generative artificial intelligence (GAI) tools use it to increase productivity and efficiency. Concerns about job displacement, ethical considerations, and the need for human judgment persist in the legal community. Areas AI Can Enhance 1.
Here is a list of key alternative legal services that are enabling legal professionals in enhancing efficiency: Contract Management spanning the end-to-end process, starting with contract migration, clause extraction, due diligence review, and uploading of compatible files to a centralized Contract Management System (CMS).
Due Diligence in Mergers and Acquisitions: In a large M&A deal, you might need to review thousands of contracts from both companies. OCR can digitize all relevant company documents, while Quick Summary can provide rapid overviews, helping legal teams quickly identify areas that might need attention.
Could they extract certain data and copy that into a casemanagement system? Paralegals have sharp research skills to look up case law, rules, regulations, statutes, and other information that would be relevant to representing a client. Can a robot do legalresearch? They could probably do that.
AI LegalResearch Tools What they do: AI legalresearch tools enable lawyers and legal professionals to search for relevant case law, statutory and regulatory law, and treatises about specific topics or issues. Who uses them: Smaller litigation firms and larger firms.
Companies use legal analytics for legalresearch, to develop strategy for cases, and even business development. Akorda offers legal review and contract management software. It allows law firms to managelegal contracts, manage workflow process and contracts. Blackboiler.
Other examples include the absence of Zoom and legalresearch services in the results. Consumer Cloud Services Much More Popular Than Dedicated Legal Products. This area is definitely one in which lawyers can improve their due diligence efforts. The 2022 Survey asked respondents what cloud services they had used.
CiteRight is the only tool that allows lawyers to save case law and automatically cite it inside Microsoft Word. Our insight is that legal citations are themselves a form of knowledge that can be reused up and down the legalresearch workflow. Learn more about this company at the LawNext Legal Tech Directory.
Ultimately, legal AI uses algorithms and machine learning to automate tasks that were historically time-consuming or labor-intensive. So, can you, as a legal professional, use AI? Properly leveraging AI for lawyers means you’ll experience more streamlined workflows and casemanagement. The short answer is yes.
We organize all of the trending information in your field so you don't have to. Join 99,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content