"Many different business sectors are experiencing the effects of artificial intelligence as technological progress progresses" (AI). The practice of law is not an exception to this rule. AI is already being utilized to automate a significant portion of the work that is traditionally performed by lawyers, including legal research, document review, and contract analysis.

The following is a list of eight common tasks performed by lawyers that can now be performed by AI:

1. Investigating the Law:

It is possible to utilize AI to conduct searches through legal databases in a speedy and accurate manner in order to locate important case law and other legal materials. It will no longer be necessary for attorneys to manually look through extensive volumes of data, which will save them both time and money.

2. Document Review:

Artificial intelligence can be used to quickly review enormous amounts of documents and identify information that is relevant to those papers. Legal professionals can utilize this to swiftly zero in on the most important aspects of a case.

3. Examination of Contracts:

Artificial intelligence can be put to use to quickly evaluate contracts and spot any problems. By promptly identifying potential issues in a contract before it is signed, this can help attorneys save time and money.

4. Drafting Documents:

Artificial intelligence can be used to rapidly generate legal documents such as wills and contracts. Due to the elimination of the need to manually write documents, this can save legal professionals both time and money.

5. Legal Advice:

Clients can be provided with basic legal assistance through the use of AI (though this should only be relied upon with the guidance of an attorney). Because of this, lawyers may be able to save time because they won't have to answer fundamental legal problems.

6. Predictive Analysis:

On the basis of previous examples, artificial intelligence can be utilized to make predictions about the result of current situations. Before a case is ever heard in court, this can assist attorneys arrive at choices that are more well-informed.

7. Negotiations Conducted By Computer:

It is possible to utilize AI to fully automate the process of negotiating between two parties. This eliminates the need for attorneys to manually negotiate, which results in significant time and financial savings for the legal industry.

8. Compliance:

It is possible for a business to use AI in order to ensure that it is in compliance with a variety of laws and regulations. By doing so, attorneys can save time and money while while spotting potential compliance issues more rapidly.

As artificial intelligence (AI) continues to improve, it is becoming increasingly obvious that technology may be used to automate a significant portion of the duties that are traditionally performed by lawyers. In addition to helping attorneys save time and money, this frees them up to concentrate on more challenging work.

Schell IP is a Denver patent law firm. Its mission is to leverage artificial intelligence in all aspects of the patenting process to create more valuable intellectual property assets.

If you would like to discuss a specific product concept requiring patent protection or speak with a patent lawyer, feel free to contact the Schell IP team.