The quarterly publication of the International Legal Technology Association
Issue link: https://epubs.iltanet.org/i/1195860
12 the results of the AI searches to ensure that the right answers are identified and clients' interests are protected. 3. Outcome Prediction Before the advent of technolo, the decision to pursue or not pursue a given case was based largely on gut feelings and anecdotal histories of judges, lawyers and counterparties. With today's technological advancements, those instincts are no longer sufficient. One of the biggest draws of AI in litigation practice is its ability to predict outcomes and inform case strate decisions. AI tools are able to analyze years' or even decades' worth of case disposition data to predict the likelihood that a current case will settle or succeed based on the issues, parties, judge or jurisdiction involved. When lawyers are empowered to provide clients with valuable information on the likelihood of success or settlement, clients are better able to make informed decisions about their business, and also likely to place greater confidence in those attorneys and continue using them for future cases. 4. Dashboards Along with increased efficiency, clients are now demanding better means to communicate with law firms, including self-service interactions. AI gives law firms a way to meet those demands, by allowing firms to offer interactive productivity and billing dashboards and collaboration portals that empower clients to remain up to date on important matter information in a secure environment without having to wait for scheduled interactions with attorneys. Through the power of AI, these tools not only provide clients with accurate, real-time information on case developments, they also offer a secure way to share that information that better safeguards sensitive data compared to manual reporting methods. AI Is the Future of Law Embracing technolo, and AI in particular, is crucial to success in the legal industry. The time has come to put unfounded fears of AI aside and instead focus on how AI-enabled solutions and machine learning tools can boost your efficiency, improve your practice satisfaction and help you remain competitive in today's market. AI and automation empower attorneys and law firms to be better at their jobs and deliver superior services to clients. AI won't be replacing lawyers anytime soon – in fact, the opposite is true. AI is offering lawyers new ways to better serve clients and boost firm revenues. By allowing AI to handle the routine, repetitive or administrative aspects of practicing law, lawyers are freed up to focus on higher-value, billable work and prioritize the tasks that matter most. AI is a win-win for law firms – attorneys are able to produce better work while attaining maximum productivity and efficiency. In today's competitive market, clients want faster results at a lower cost. AI makes that possible. Further, AI has potential to improve a growing dissatisfaction with the grind of practicing law. In the coming months and years, the industry will only see even more AI tools and solutions designed to streamline workflows, increase efficiency and deliver metrics that quantify those gains. Firms that want to remain competitive will need to embrace those new developments and incorporate them into a future-focused way of practicing law. The legal industry will always need skilled lawyers. AI is simply here to make those lawyers even better at what they do. ILTA Tomas Suros Tomas Suros is a technology advocate working at the intersection of IT and client consulting. With AbacusNext since 2004, he currently serves as chief solutions architect, guiding firms through the process of identifying forward-facing technology options and ensuring the successful implementation of a tailored solution. He can be reached at tsuros@abacusnext.com