Artificial intelligence has a huge potential to reduce time and improve efficiency in legal work. On the litigation side, natural language processing (text analytics) can summarize thousands of pages of legal documents within minutes – a task that might take a human counterpart several days to complete – while reducing the probability of error. As AI platforms become more efficient and commercialized, this will impact the fee structure of external law firms that charge by the hour.
Source: Emerging AI: 7 Industries Where AI Is Making An Impact
