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AI is exponentially improving legal efficiency by having the power to instantly
review 1000s of documents, flag all the relevant one, find similar
documents, do statistical validations, due diligence by evaluating decisions on
prior cases, amongst other things.
According to Deloitte, 100,000 legal practitioners will be
automated by 3036. We are at a tipping point where all law firms must commit to
becoming AI-ready by embracing a growth mindset, set aside the fear of failure
and develop internal AI practices.
The legal world must embrace AI consciously with a balance
between efficiency, legal representation for all and not fully losing the
human connection.
AI will bring agility to the legal industry.
However, a common misunderstanding about agility is that it is only about getting more done in the same time frame.
While agility might increase your ability to get more done faster, this is not the primary goal!
Agility is also about a different kind of speed:
The goal of agility is to produce more value in the same time frame, not only taking one more clients and more cases. Understanding that important distinction is the first step in becoming truly agile.
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