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    AI in Legal Industry

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    Warad Jaiswal

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    AI in Legal Industry

    Uploaded by

    Warad Jaiswal
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    © © All Rights Reserved

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    Download as pptx, pdf, or txt
    14 views14 pages

    AI in Legal Industry

    Uploaded by

    Warad Jaiswal

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Department Of Computer Science and Engineering

    Jawaharlal Darda Institute of Engineering & Technology,


    Yavatmal, (M.S), India-445001
    Session 2022-2023

    “AI in Legal Practices: Revolutionizing the legal Industry.”

    Dr. D. N. Chaudhari Presented By,


    (Seminar Guide) Savi A. Ingle
    (Final Year, CSE)
    ❖ Contents

    1. Introduction
    2. Literature Review
    2.1. Brief History of AI in Legal Industry
    2.2. Purpose
    3. Legal Issues with AI: Sources of the Problem & Solutions
    4. Applications
    5. Can Artificial Intelligence replace the legal jobs? and it’s
    concerns.
    6. Advantages
    7. Future Prospects & Conclusion
    8. References
    “AI in Legal Practices: Revolutionizing the Legal Industry.”

    Introduction

    Definition of AI in the Legal Context -

    It involves the use of artificial intelligence technologies, such as


    natural language processing, machine learning, and data analytics, to
    streamline legal processes, improve research and analysis, and
    enhance decision-making. AI-powered tools can help with contract
    analysis, legal research, due diligence, predictive modeling, and even
    virtual assistants for lawyers.

    [1]
    Technologies were implied in
    Birth of AI, explored Computational power Contract management, legal
    potential of intelligent increased and enabled chatbots emerged and
    machines. more AI legal tools. continued to evolve and
    mature.

    HISTORY OF AI IN LEGAL INDUSTRY

    1950 - 60 1970 - 80 1990 - 2000 2010 2020

    ML & NLP boomed, use of


    Development of expert predictive analysis and data
    systems, 1st practical in driven insights in the legal
    the legal field using AI. industry, enabling lawyers to
    forecast case outcomes.
    What is the purpose of AI in the Legal Industry?

    1. Legal Research
    2. Contract Analysis & Management
    3. Predictive Analytics
    4. Due Diligence
    5. Legal Chatbots
    6. Document Drafting
    7. Compliance & Regulatory Analysis
    8. E - Discovery
    9. Legal Analytics
    [2]
    Analysis of AI v/s Human (Lawyers) Performance on Image Classification &
    Reading Accuracy-
    Legal Issues with AI:

    1. Level and rate of artificial intelligence development.


    2. Spreading artificial intelligence technologies in practice.
    3. Artificial Intelligence system as an object of law.
    4. Modern problem requires modern solutions.

    [3]
    Applications

    1. Reinforcement Learning
    2. Ethical views in AI
    ● Legal Accountability
    ● Policies
    1. Quantum Computing
    2. Recognition by face.
    3. No place for Bias
    4. Neural Networks
    5. Socio Economic
    6. Deep Learning
    7. Privacy & Policy
    8. Convergence of AI & other emerging technologies.
    Some Real-life Applications :

    1. First AI legal assistant Co Counsel powered by


    Chat GPT-4.

    2. Harvey, one of the generative AI platform - open to the


    Use of 3500 lawyers in 43 law offices. [4]

    3. Smart Contract Risk Identification (SCRI) Software

    4. Wevorce

    5. Sophia: The Humanoid

    6. SUVAS - Supreme Court [5]


    [6]
    Vidhik Anuvaad Software S)

    [7]
    Can AI replace the legal jobs, if yes then what will be the
    concerns?

    1. Job Displacement
    2. Impact on Entry Level Positions
    3. Ethical and Moral Dilemmas
    4. Accountability and Responsibility
    5. Impact on Legal Education
    6. Overreliance on Technology
    7. Impacts on Law Firm Culture
    Advantages:

    1. Improved Efficiency
    2. Enhanced research capabilities
    3. Enhanced Data Analytics
    4. Cost-Effectiveness
    5. Increased accuracy
    6. 24/7 availability
    7. Predictive Capabilities
    8. Compliance and risk
    management
    9. Client Service improvement
    Future Scope: Conclusion:
    ● Already transformed the legal industry The intention was to study the impact of
    ● Assist variety of duties artificial intelligence in legal industry with the
    ● Started case outcome prediction use of its applications, real case studies solved
    ● Handling more complex tasks by the robots and various softwares.
    ● Increase in AI-Powered chatbots and
    We also evaluated the security and
    robots
    performance of the proposed AI-Powered tools
    ● Will still require human attorneys
    after being implemented and compare the
    ● Combination of AI tools and Human
    most related work in the area.
    expertise
    References:

    1. [1], [2], [3], [7] used images source and ppt background - pinterest
    2. [4], [5], [6] images source - from the article based on “AI-Powered Tools in Legal
    Industry.”
    THANK YOU.!!

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