I'm seeing 'AI' mentioned every day as I scoot around the web and it was a hot topic at a recent conference I attended. Nick West, Mishcon's Chief Strategy Officer says in this interview that it's not a legal sector bubble and I totally agree. The big question is how will the legal sector embrace it and are we scared it will make lawyers redundant?
Q. Why do you think technologies such as AI and predictive coding are apparently gaining momentum in term of their uptake in the UK legal market? A. First and foremost, the legal market isn’t an isolated bubble. There is so much happening right now in the world at large about AI and cognitive computing that the legal market simply can’t be immune. Add into the mix a number of other legal market factors – the increasing price sensitivity of clients, the explosion in data, the long-standing feeling that there must be a better way to do repetitive knowledge tasks than simply adding more junior lawyers – and you’ve got the perfect conditions for these technologies to take hold.