Queen Charlotte

Day 2

Wednesday June 21, 2017
9:30 – 12:00
THE

Impact of AI on Legal & Professional Services


Industry Challenge

Machine learning is said to increase productivity and reduce the cost of legal services, on the one hand by augmenting and supporting professionals, and by automating routine, repetitive tasks on the other. This will make access to justice and legal services much more widely available. Given that everyone should soon know how they are affected by the law, should legal advice driven by AI be open-source, or even Government provided as a public service?


Discussion Points

  • Will AI eventually cause radical change in professional firms, and if so, over what time frame? Could the automation of entry level legal roles disrupt current law firm career paths? Will increased productivity simply reduce the size of the legal profession as competition erodes away the profits?
  • Will new entrant, automated, niche firms take away profitable work destabilising professional firm economics?
  • How and to what extent will machines support or replace professional judgment, and in what areas?
  • In which of the following fields of legal practice are machines most likely to replace professionals substantially?  
    • Document review in litigation discovery
    • Litigation outcome prediction
    • Litigation analysis for lawyer selection
    • Contract and document review for relevance
    • Document preparation (precedent selection, clause assembly and proof reading)
    • Legal research
  • Does AI signal a shift to law firms really selling software?
  • Should professional firms be investing heavily in AI as a source of competitive advantage or merely cherry pick isolated areas for use of AI?
  • Does the use of AI in legal practice raise ethical issues? Who is responsible for mistakes?

The

Format

  • 9:30 – 10:00 Keynote
  • 10:00 – 11:00 Panel
  • 11:00 – 12:00 Breakout Session / Morning Break

The

Speakers

  • Panel Chair: Richard Tromans (Founder of TromansConsulting)
  • Panelist: Emily Foges (Chief Executive Officer at Luminance)
  • Panelist: Gary Gallen (Chief Executive Officer and Founder of rradar)
  • Panelist: Meng Weng Wong (Co-Founder of Legalese)
  • Panelist: Nick West (Chief Strategy Officer at Mishcon de Reya LLP, Director at MDR LAB)