Power of Artificial Intelligence in Legal

Power of Artificial Intelligence in Legal

Brijesh Chedayan, CEO of Beveron Technologies have done a session on 'Power of AI in Legal' at Dubai Metaverse Event, conducted in Dubai Technology Center. In this report, we will summarize the main points of his session and explain how artificial intelligence is transforming the legal domain.

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Artificial intelligence (AI) is the use of computers and software to perform tasks that normally require human intelligence, such as understanding language, recognizing patterns, learning from data and making decisions. AI has many applications in various fields, including law. In my session, I discussed five notable applications of AI for legal purposes:
- Document automation: AI can help lawyers create and manage legal documents, such as contracts, wills, deeds and forms, by using templates, natural language processing and data extraction. This can save time, reduce errors and improve consistency.
- Contract review: AI can help lawyers review and analyze contracts, such as leases, licenses, agreements and NDAs, by using semantic analysis, machine learning and data mining. This can help identify risks, obligations, clauses and anomalies in contracts and provide suggestions for improvement or negotiation.

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- Legal research: AI can help lawyers conduct legal research, such as finding relevant cases, statutes, regulations and precedents, by using natural language understanding, information retrieval and knowledge graphs. This can help lawyers find answers to legal questions, discover new insights and stay updated on legal developments.
- Legal analytics: AI can help lawyers perform legal analytics, such as predicting outcomes, assessing damages, evaluating performance and benchmarking competitors, by using statistical analysis, data visualization and deep learning. This can help lawyers make informed decisions, devise strategies and gain competitive advantages.
- Litigation prediction: AI can help lawyers predict the likelihood of winning or losing a case, the duration of a trial, the amount of settlement or award and the behavior of judges or juries, by using historical data, probabilistic models and neural networks. This can help lawyers assess risks, optimize resources and negotiate effectively.

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AI has many benefits for the legal domain, such as enhancing efficiency, accuracy, productivity and quality of legal services. However, AI also poses some challenges and limitations for the legal domain, such as ethical issues, legal liability, data security and human oversight. Therefore, lawyers need to understand how AI works, what it can and cannot do and how to use it responsibly and effectively.
AI is a powerful tool that can augment the capabilities of lawyers and improve the delivery of justice. By using AI for legal purposes, lawyers can focus on higher value-adding tasks that require human creativity, judgment and empathy. AI is not a threat to lawyers but an opportunity to transform the legal domain for the better.