How do you think the development of AI will affect the legal profession in the future? Forum

[SodaHead]

Will paralegals and legal assistants become obsolete?

Will we see a major contraction in the job market?

If so, when?

[jkpolk]

Will paralegals and legal assistants become obsolete?

Will we see a major contraction in the job market?

If so, when?

I'm not sure how the AI will make me a binder or bring the clients lunch. And if AI replaces me that would be fucking awesome.

[PeanutsNJam]

My job security will be the least of my concerns once we have AI. Or should I say AI have us?

[JGMotorsport]

I'm not sure, Westlaw streamlined the research process and made libraries obsolete.

I would think, at most, AI would help me with things like proofreading.

But I'd always want a paralegal or assistant. This job is lonely enough, who will I incoherently order around all day?

[foregetaboutdre]

there's stuff out there that can identify clauses in contracts for due diligence purposes.

*NOT AN ENDORSEMENT* (but what i'm talking about)

https://kirasystems.com/

[JGMotorsport]

there's stuff out there that can identify clauses in contracts for due diligence purposes.

*NOT AN ENDORSEMENT* (but what i'm talking about)

https://kirasystems.com/

It's a streamlined OCR that highlights.

Moreover that false sense of security screams negligent transactions and expensive litigation used by the wrong people. Just IMO.

[foregetaboutdre]

there's stuff out there that can identify clauses in contracts for due diligence purposes.

*NOT AN ENDORSEMENT* (but what i'm talking about)

https://kirasystems.com/

It's a streamlined OCR that highlights.

Moreover that false sense of security screams negligent transactions and expensive litigation used by the wrong people. Just IMO.

But the way it uses machine learning to identify clauses is pretty damn good. (regardless of word ordering/labeling etc...) If the OCR does not encode the text properly the product is worthless. I haven't encountered it being messed up. If you get a bunch of people doing due diligence on this (and reviewing what it highlights) you could potentially be more efficient and cover a larger scope of documents.

Have you used it? It's pretty good and used by some reputable firms.