Peer to Peer Magazine

Fall 2019

The quarterly publication of the International Legal Technology Association

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Page 41 of 63

P E E R T O P E E R : I L T A ' S Q U A R T E R L Y M A G A Z I N E | F A L L 2 0 1 9 43 One thing they have in common is this: Many of the providers make a point of saying that their tool is not designed to take jobs away from lawyers. But this is not true. Despite comforting headlines such as "Artificial Intelligence Won't Replace Lawyers—It Will Free Them" and "AI Will Create More Legal Jobs—Not Take Them Away," it is clear that AI-based legal technologies will absolutely take jobs from lawyers and other legal professionals. A tool that reviews thousands of contracts in a matter of hours and has the ability to mark them up and suggest changes will take that work away from lawyers. A tool that flags troublesome provisions in a contract currently under negotiation will take that work away from lawyers. A tool designed to allow business units to write their NDAs without the need for day-to-day input from the legal department will take that work away from lawyers. The truth is what manufacturers and other industries have realized for years: Work done by technolo is cheaper than work done by humans, and with that technolo in place, keeping the humans around to do the same work is pointless. Instead, we hear things like: "We shouldn't call it artificial intelligence, but 'augmented' intelligence," or "It's not just artificial intelligence, but the combination of artificial and human intelligence." No one is disputing that; no one thinks that AI tools are going to negotiate the terms of a billion- dollar merger or stand up in front of a jury to make an argument or set a firm's business strate. But much of the work that goes into that—from document review to due diligence to responding to RFPs—will be done by machines. It may be a combination of artificial and human intelligence, but it will be the artificial part that's doing the lion's share of the tedious, repetitive work. Technolo providers frequently lean on the statement: "It frees up the lawyers to do higher-level work." That may be true. But consider a tool that in two minutes does a day's worth of work at the level of a fourth- year associate. What higher-level work is a law firm supposed to have for that newly available fourth-year associate to do exactly? In 2017, Siemens AG president and CEO Joe Kaeser told the story of the company's Amberg Electronics Plant in Germany in a Time magazine op-ed titled "Why Robots Will Improve Manufacturing Jobs." The plant had not cut staff. Instead, he said, "the same size workforce—about 1,200 workers who have been trained and retrained for digital manufacturing—has increased productivity by more than 1,000%. "The problem, of course, is that to be profitable, 1,000% more productivity requires 1,000 percent more demand. And while legal is growing, I don't believe any of us think it's growing that fast. It is going to take a while to really start seeing the impact of AI on legal. We won't see big shifts overnight. Lawyers are risk-averse by nature. Big law (and big corporate legal, too) is excellent at resisting change, and since profitable deployment of AI-powered tools will require new business models, change will be gradual and, yes, difficult. The impact of AI on legal is a slow rolling thunder—but it's already being heard and felt in law firms and law departments around the world. Between globalization, regulatory changes and more litigation spurred by corporations' newfound willingness to pursue affirmative claims, there will continue to be an increase in demand. But already a lot of the day-to-day work that lawyers do is getting automated. In the words of the great American futurist Bruce Springsteen, "these jobs are going boys and they ain't coming back." ILTA For more information about the Blickstein Group Legal AI Efficacy Report, please visit ILTA members receive a 20% discount through October 7. Blickstein Group Legal AI Efficacy Report THE REPORT WILL BE AVAILABLE FOR DOWNLOAD ON SEPTEMBER 23, 2019 To purchase the report, please visit ILTA members receive a 20% discount through October 7. "As a fully automated system, [the tool] speeds up the manual processes done by attorneys. Users report that work that would typically take a midlevel associate six or eight hours can be automated in minutes." "The overall value proposition is unclear as the tool is unlikely to uncover issues that could not otherwise be seen. …While the benefits offered are 'nice to have,' from a business perspective, this tool is not a 'must have.'" TOOLS COVERED IN THE INAUGURAL LEGAL AI EFFICACY REPORT Ayfie Casepoint DISCO Brainspace Clocktimizer Gavelytics Bodhala Brightflag Digitory Legal eBrevia HighQ iManage (RAVN) BlackBoiler LawGeex LegalSifter Casetext (CARA) Docket Alarm Lexis (Answers) Blue J Legal Headnote LegalMation Everlaw Exterro Logikcull Lex Machina Lexis (Context) Loom Analytics Litera ThoughtRiver ROSS Intelligence Thomson Reuters ( Westlaw) IBM Watson Legal Legal Decoder Kira Systems Seal Software CONTRACT MANAGEMENT: PRE-EXECUTION BILLING AND SPEND MANAGEMENT EXPERTISE AUTOMATION E-DISCOVERY & DOCUMENT REVIEW Kim Technologies Zero Manzama NexLP Premonition Relativity Text IQ Veritone Wolters Kluwer ELM Solutions CONTRACT MANAGEMENT: POST-EXECUTION LEGAL RESEARCH AUTOMATION TOOLS INSIGHT & PREDIC TIVE TOOLS Neota Logic "According to user feedback, [the tool] reduces contract review time by 67 percent and cycle time by 50 percent." "This product provides deep analytics including a wide variety of motion analytics compared to other providers; however, the custom classification of cases is not very effective." SAMPLE EXCERPTS FROM THE LEGAL AI EFFICACY REPORT MPlace Ping D O W N L O A D T H E P R E V I E W »

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