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AI IS FAST
BECOMING ONE
OF THE MOST
MISUNDERSTOOD
TECHNOLOGIES
OF OUR TIME.
Suman Nambiar, Head of AI Practice
at Mindtree
advances in deep learning, we see increasing
potential for using AI in the legal industry.
AI can help identify risks in contracts; flag up
compliance issues across complex contracts;
enable much quicker, more intelligent search
of documents based on concepts rather
than keywords or strings and even estimate
the probability of legal actions succeeding
or failing. A lot of these technologies
are already out there – legal firms who
experiment and adopt these ahead of the
curve will see benefits in productivity and
speed that outstrip their peer group.
Where threats to hourly billing models
are concerned, firms that use these tools
to improve the quality of advice and
service to their clients are more likely to
see the benefits in greater client loyalty.
Furthermore, they will be in the best position
to take advantage of the new kinds of
jobs that the advent of AI will throw up,
where clients will need expert advice to
help them understand issues like agency,
accountability, fairness and decision making
in an algorithm-driven world.”
INTELLIGENTCIO
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