Digital White Papers

Corp19

publication of the International Legal Technology Association

Issue link: https://epubs.iltanet.org/i/1186592

Contents of this Issue

Navigation

Page 18 of 18

I L T A W H I T E P A P E R | C O R P O R A T E L E G A L D E P A R T M E N T S 19 C L O S I N G T H E S K I L L S G A P : A I , A N A L Y T I C S A N D T H E L E G A L P R O F E S S I O N Jonathan Reed is the CEO and co-founder of AdvoLogix. An enterprise software executive with experience at several high- growth, enterprise software organizations, Jonathan currently leads AdvoLogix growth in the SaaS marketplace. He also serves as the chief security officer for the company and advises Fortune 50 clients on cloud-security compliance and ongoing governance for enterprise SaaS applications. Jonathan was the senior vice president of marketing for NEON System's IPO and spent six years as an officer of the publicly traded company thereafter. jreed@advologix.com uniform platform so you can analyze it better. You can also grow your volumes – there are several data augmentation firms today that exist to publish legal data for use in the types of situations where you are analyzing data and looking for insights. When you have the right data, you have access to matter insights that help to predict successful outcomes. AI tools and platforms have insight or inference engines built in that can look through data and determine that, for matters with specified factors that match the factors in your matter, settlement rates are higher or lower than for matters without those factors. These are insights that you likely would never have recognized when reviewing your data manually. Lawyers have long had gut feelings about pursuing specific matters, but gut feelings are no longer enough. With the prevalence of technolo and data in today's legal industry, you need to be applying AI to matter data in a scientific way in order to achieve the best outcomes. AI tools give you the ability to do just that with little effort or training. Taking Advantage of AI in Your Legal Department While most lawyers are already reaping the benefits of AI whether they realize it or not, many legal departments are looking to make a more concerted effort to incorporate the full capabilities of AI into their practices. Getting started involves making sure your data is in order, picking your tools and educating your lawyers on the benefits of AI. Many legal departments still operate several disparate systems for matter management. The first step is to get as much of your matter data as possible into a single comprehensive matter management system. The very exercise of merging those individual point systems will trigger a data cleansing, correlation and context process whereby all your data is brought together in a usable way. When it comes to picking your AI applications, there is no one-size-fits-all answer. A good place to start is by determining which areas of practice are currently causing concerns or problems and then figuring out what tools might be best suited to solving those problems. If you are already using one of the popular cloud platforms, you should investigate the AI capabilities of that platform and see how you can best take advantage of them. The point of AI is that you do not need to be a data scientist to use it. Always be looking for tools that are user-friendly and offer easy interactions. Lawyers should not have to code, so any tools you choose should have a no-code interface. When your attorneys start seeing how simple it is to use these tools and the value of the insights they generate, you'll be well on your way to incorporating AI into all aspects of your practice. AI is not about replacing lawyers or eliminating jobs. Rather, today's AI tools exist to make lawyers more effective and efficient. AI allows you to achieve higher settlements, accomplish faster matter execution, and gain more accurate matter information, all without any scientific knowledge or understanding of data science. ILTA

Articles in this issue

Links on this page

Archives of this issue

view archives of Digital White Papers - Corp19