Technological Unemployment or The Legal Profession Leveraging Ai
March 26, 2024•484 words
Economists call technological unemployment—joblessness caused by automation, robotics, and generative artificial intelligence, which are becoming more prevalent, cheaper, and efficient in all industries.
Employees in all industries will face the following:
- Rate of adoption
- Nature of the tasks being automated
- Ability of workers to adapt
- Employee re-education and re-skilling
The legal profession is leveraging AI, which will provide insights and ideas on how to use AI in all industries.
Here are some ideas on how the legal profession will adapt to AI technologies.
Within a few years, the legal profession will leverage AI to focus on "high-value tasks." Legal professionals can dedicate more time to guidance and creating more robust client relationships based on confidence and cooperation. Attorneys can spend more time strategizing and advising clients on the best legal options to achieve success.
Lawyers Can Focus on Clients
Lawyers will focus on complex legal issues and unique situations that require human decision-making, interpretation, and creativity. At the same time, AI will assist attorneys in interpreting statutes, regulations, and case law.
AI can focus on routine tasks like legal breakdown and document review, and lawyers can utilize AI understandings as part of their decision-making process. AI will be used for predictive analytics to foresee probable legal challenges and develop risk mitigation plans.
Ai Can Guild Attorneys with Legal & Ethical Principles
On the other hand, attorneys can prompt AI to raise ethical and moral questions, guiding and steering complex cases and aligning them with legal and ethical principles and historical cases.
AI will interpret vast amounts of legal data to uncover historical patterns, trends, and understandings that can inform legal scenarios, predict case outcomes, and identify probable risks. AI will also transcribe spoken lay words into legalese text with high accuracy, allowing lawyers to dictate notes, draft documents, and conduct interviews.
Analyze Social Media & Public Opinion to Measure Society's sentiment
The cool aspect will be AI's ability to analyze social media and public opinion to measure society's sentiment about a case, track trends, and identify potential reputational risks for clients, attorneys, and law firms.
High-level Blockchain Contract Security
Using high-level blockchain contract security, AI will assist lawyers in complying with data privacy regulations and evaluating legal risks associated with business operations, contracts, and transactions. By automating data classification, assessing data protection risks, and monitoring regulatory changes, AI will enable lawyers to advise clients on risk strategies and compliance measures.
A Cautionary Note
Here is an important cautionary note: AI will be at the mercy of the laws of that specific society. Generative artificial intelligence will comply with, learn from, and reinforce the rules of authoritarian/totalitarian regimes, and different AIs will do the same for modern liberal democratic countries. In most modern liberal democracies, law firms will be the guinea pigs for many industries to learn of AI usage ideas to benefit their businesses.