A new report by Jomati Consultants, entitled 'Civilisation 2030: The Near Future for Law Firms', reports that artificial intelligence (AI) could cause the "structural collapse" of law firms by 2030, as one robot is likely to take over the low-level knowledge economy work of twelve associates. According to the report, AI will be able to perform tasks such as legal research, drafting and drafting, document preparation and analysis, data entry, computer translation, speech recognition, machine translation and natural language processing. The report’s focus on the future of work contained the most disturbing findings for lawyers. This is due to the fact that clients still see human input as necessary for understanding and empathising with their needs and applying the sort of analytical and negotiation skills to resolving litigious matters that cannot be replicated by a machine. Instead, the report suggests that very large, high-value commercial firms may be most affected by AI, as robots could reduce the number of associates hires finacially benefitting top partners.
A new report by Jomati Consultants, entitled 'Civilisation 2030: The Near Future for Law Firms', reports that artificial intelligence (AI) could cause the "structural collapse" of law firms by 2030, as one robot is likely to take over the low-level knowledge economy work of twelve associates. According to the report, AI will be able to perform tasks such as legal research, drafting and drafting, document preparation and analysis, data entry, computer translation, speech recognition, machine translation and natural language processing. This is due to the fact that clients still see human input as necessary for understanding and empathising with their needs and applying the sort of analytical and negotiation skills to resolving litigious matters that cannot be replicated by a machine. Instead, the report suggests that very large, high-value commercial firms may be most affected by AI, as robots could reduce the number of associates hires finacially benefitting top partners.