In the rapidly changing landscape of legal technology today, it is crucial for law firms to adapt to the new tools available in order to stay competitive. By utilizing new technologies such as AI and machine learning, firms are now able to discover, index and process information at a fraction of the time and expense. “It may even be considered legal malpractice not to use AI one day”, says renowned civil litigator Tom Girardi.
Although utilizing AI to do legal research will decrease the amount of billable hours for lawyers, the enhanced effectiveness and strategic advantage gained far outweighs the lost hours. At the end of the day, clients hire lawyers to solve problems as efficiently and inexpensively as possible. By not taking advantage of legal technologies in order to bill more hours, firms will put themselves at a competitive disadvantage which will eventually lead to less clients.
Source: Forbes
