AI in the legal sector

There are two concurrent and somewhat symbiotic developments taking place in the legal sector that address this. On the one hand the sector “must move beyond providing cost-efficient legal advice, and focus on the speed with which it develops appropriate guidance and efficient governance so business partners can quickly make good risk-adjusted decisions and pivot with changing conditions.”1 On the other, the use of AI in legal practices is already occurring and is poised for even greater adoption. Like other technological advances before it, AI is “evolving the practice of law and improving how in-house teams work and process information. AI can help legal departments streamline and automate tasks and processes, and in turn reduce costs and increase productivity.”

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