In part 2 of this series, I explored some common use cases for AI in legal – to help in-house legal teams understand how intelligent contract insight can become a reality.
Today I’m going to bust some of the common myths that I’ve seen get in the way of legal teams making good use of AI solutions.
I want to briefly pause for thought on the use of the term “Artificial Intelligence”. The terminology itself is part of the root cause behind some of the myths below and the ‘disconnect’ I explored in the earlier articles. It’s a sales spin. The mechanics behind the scenes don’t matter to the end users – they don’t care whether it is ‘machine learning algorithms’ or ‘programmed logic’ producing their results – they just want the outcome. However, the use of the phrase ‘Artificial Intelligence’ often sets an unrealistic expectation – and sometimes is simply wrong. In most cases, we could just call it “intelligent search” instead…
On to the myths!
So, don’t be put off by the sceptics and the myths. Technology can provide incredibly powerful and valuable insights into your documents and contracts through the use of ‘intelligent search’. As with all other tech, it’s essential to use the right tool for the right job and leverage off the experience of others. (Are you sensing a theme here?!)
If you’re interested in exploring the opportunities presented by “AI”, join me at my virtual Roundtable event on 9 November where I’ll be teaming up with DocuSign and Unilever to discuss why more legal teams should consider using AI for due diligence exercises – and how to go about it. Sign up here.
Jonny is an expert in delivering and leading legal innovation and automation projects, having previously led the innovation function at global law firm DWF. Jonny leads our data services practice and has a track record of helping clients to enable insight-driven decision making from their data.
Jonny has supported FTSE 100 companies with the implementation of AI technologies and has supported one of the largest global legal technology companies with the development of AI models for its market-leading platform. A lawyer by background, Jonny leads a team of highly skilled legal engineers operating in multiple jurisdictions.