AI is being used in the legal profession for a wide range of matters, including due diligence, document and contract review, compliance, contract management, knowledge management and deal analysis. By automating these tasks using intelligent technology, significant workflow benefits can be achieved, particularly with improved efficiency and productivity as well as greater accuracy.
Artificial intelligence may not be prepared to solve every legal industry problem, but it might be the perfect fit for the increasingly onerous “billing guidelines” for outside counsel; dramatically shortening collection cycles without adding overhead.
Source: Above the Law
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