(M&A deals, real estate deals, financing, etc). 2. Advisory (advise on various legal issues, niche expertise) 3. Litigation (representing clients in courts, developing of court strategies, etc.) Types of work: 1. Routine work (review of ordinary contracts, advising on on-going matters, etc.) 2. Project work (deals, complex litigations, developing of strategies). In each sphere and type of work the role of AI will be different. What actually lawyers do?
legal skills, but also a number of others (project management, understanding of business, business judgement rule, negotiation skills, people management, knowledge of corp. finance etc.) approximately 50% of work of deal lawyers is not purely legal AI can hardly substitute deal lawyers, but can help them operate efficiently (eg, eliminating routine work, managing of people and projects, review large amount of documents, visualization of data). Examples of products: (a) Contract review: Kira Systems, eBrevia, Luminance, Seal Software (b) Drafting: Drafting Assistant by Thompson Reuters, Lexis for Microsoft Office How AI can help lawyers (or even substitute them)? (1/3)
sometimes non-legal knowledge (eg, antitrust law requires understanding of economics, IP/IT law requires lawyers to be tech savvy, pharma lawyers should be aware of the industry, etc.) requires working with state authorities and interpersonal skills AI can help to perform initial legal research, automatize simple and routine cases, but legal advice is always a mix of knowledge of law and certain business judgement Examples of products: ROSS Intelligence, Answers by Lexis, Case Text How AI can help lawyers (or even substitute them)? (2/3)
sometimes academic approach and non- standard decisions AI can help in managing data and documents, performing of initial legal research. Examples of products: (a) E-Discovery: Concordance by LexisNexis, CasePoint, Logikcull, Catalyst Insight, eDiscovery by Thompson Reuters, Everlaw, ONE Discovery. (b) Case prediction: CaseCruncher Alpha, Gavelytics How AI can help lawyers (or even substitute them)? (3/3)
process management rather than purely technical legal skills Project work is a matter of expertise, experience, deep knowledge of law and industry Products for automation of routine legal work: (a) Contract review: Beagle AI, Contract Express (b) Risk management and compliance: Effacts by Wolters Kluwer, Data Privacy Advisor by Thompson Reuters (c) Document management: iManage, Leverton Routine work vs Project work / High-end work
not just what is written in the body of laws. Just text analysis is not enough for legal judgement. 2. "Rubber" categories (good faith, reasonableness, compatibility, etc.) These categories are essential for legal regulation, however, their interpretation may be cumbersome in some cases and is heavily dependent on the circumstances of the case. 3. Variety of real world situations Issues with the implementation of AI in law (1/2)
Russia: 1. Russian commercial law exists just less than 30 years For example, in the UK some 200-300 years old court decisions are still applicable in the modern legal practice. Feel the difference. 2. Perpetual and unpredictable changes in the legislation 3. Lack of profound legal reasoning in court decisions In an average court decision about 50-60% of its text relates to just a description of the factual background. Legal reasoning is often opaque. Issues with the implementation of AI in law (1/2)
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