Exploring the Capabilities of AI Legal Assistants

The industries around the globe have been transformed by artificial intelligence, and the legal field is no exception. Legal professionals and everyday individuals are interacting with legal systems in whole new ways because of the AI-powered assistants now available to them.

These digital helpers offer a level of efficiency and accuracy that is beyond anything humans alone could ever achieve. And they do this at a cost that is remarkably affordable verses the alternative, which is to pay an actual human lawyer to do the same work, over an exponentially longer period of time. But what exactly can an

AI legal assistant do, and how does it help you and your practice?

Contract Analysis and Drafting

The basic tasks of a lawyer involve two elements: coming up with ideas and formulating those ideas into words. For most of legal history, lawyers have been the ones doing both of those tasks.

And for most of history, doing those tasks well has involved (1) slow, careful thinking; and (2) a kind of skill that, until very recently, only humans have possessed. Legal scholars have debated for decades about the best practices for drafting and reviewing contracts.

With the advent of AI, this process is now being done in a fraction of the time and with improved precision and accuracy.

Predictive Analytics

Equipped with predictive capabilities, AI legal assistants help foresee the results of legal loopholes, weaknesses, and disagreements. By poring over not just data, but enormous amounts data and metadata, along with trends and mathematical probabilities, these tools can provide insights into what sorts of actions are likely to protect the client and lead to successful litigation outcomes.

Streamlining Compliance and Risk Management

Growing regulatory demands can make things difficult on companies. Noncompliance can lead to serious consequences in the forms of fines and even suspension, and detailed, precise oversight can sometimes be difficult for humans to achieve.

Enter AI-driven legal assistants. They excel at parsing vast amounts of text and can help wade through the fast-moving river of regulations to find the key elements that might affect your practice.

Automating Administrative Tasks

AI legal assistants manage not just the law but also the business of law, i.e. handling everyday administrative duties like scheduling, document management, and billing. Automating these tedious jobs via virtual assistants leads to an increase in the productivity of human legal professionals by allowing them to spend more time on higher value work.

It also greatly reduces expenses because you no longer have to pay for the numerous man-hours it takes to perform these tasks manually.

The Possibilities with an AI Legal Assistant Are Expanding Every Day

Legal assistants (human or otherwise) do the work of getting the law prepared for and applied to clients. In other words, they help achieve compliance, efficiency, and even justice. Legal AI is well positioned to help attorneys achieve that end.

When it comes to the law and its many applications, with AI reducing the amount of tedious and/or repetitive tasks, legal experts are free to tackle more strategic and important aspects of their clients’ service.