The legal industry is in the early stages of a major upheaval, caused in part by increased competition from software that handles the more commoditized legal work that once propped firms up financially. Some of the new technology is being used to compliment the work lawyers do and to increase efficiency, but in an industry where the billable hour is king, this efficiency is a blessing to clients and a challenge for lawyers who have essentially been rewarded for inefficiency. In addition, lawyers are faced with the potential of having machines perform a significant amount of the work that has historically been a lawyer’s bread and butter.
The presenters will review the technology that is being used in legal to replace or enhance lawyers, its overall effect on consumers and the business of law, and projections for the future of artificial intelligence and other technology in the legal industry.