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Tech Tip #42: Lawyers Should Embrace AI to Maximize Efficiency

The rise of artificial intelligence mistakenly gets a bad rap because people think it will decrease the job market. However, the opposite is actually true. AI will help free up a lawyer’s time that can often be bogged down in repetitive and mundane tasks. This ultimately allows lawyers to increase efficiency and focus on higher-level billable tasks, such as advising clients, negotiating deals, and appearing in court. 

Here are three examples of where AI has made an impact in the legal industry so far: 

  • Systems such as Ross Intelligence help eliminate many of the common due-diligence errors, which are often the result of lack of time to conduct a thorough investigation.
  • AI can also sort through documents in a fraction of the time, easily picking up on deviations from standard contract wording, pointing out changed areas or sections where lawyers should give a more thorough review.
  • With predictive coding, lawyers can upload relevant and non-relevant documents into a system so that data can be located more efficiently than traditional, Boolean-based logic.

Learn more about the “Real Uses of AI in Law Firms.”

CosmoLex Team

CosmoLex is a leading legal practice management solution that is trusted by thousands of law firms across North America. CosmoLex is a single solution that lets solo legal professionals & small law firms manage their practice, billing, AND accounting all in one login, on any device, at any time. CosmoLex users can eliminate the need to maintain multiple programs because CosmoLex does it all -- including time & expense tracking, billing, business accounting, trust (IOLTA) accounting, calendaring, task, email & document management, even secure client communications -- in one web-based application.