In a traditional and conservative industry such as law, it is common that professionals, practice managers, and firm owners look at technology advancements with insecurity and anxiety.
As much of wealthy firms’ success comes from doing business in a traditional way – slowly building very personal relationships with clients and gaining their trust –, and due to the fact that they have so much at stake, it is only understandable that they wouldn’t be very receptive of change.
When it comes to Artificial Intelligence, and what it can do for the industry and practices, lawyers and practitioners need first to stop fearing it.
Their fear of AI comes from a study conducted by Oxford University that says there’ a 40.1 per cent chance of judges’ roles becoming automated, and a whopping 94.5 per cent chance of paralegals’ jobs being automated in the near future.
Fabian Horton, ConnectLaw director, says none of this is surprising, nor is it reason to worry. “We all know that as technology comes, our roles change, and if it was true that technology was going to be replacing us it would've happened by now,” he said.
“What we see is even though the technology is coming through, it’s actually not giving us less to do, it’s giving us different things to do,” Mr Horton concluded.
As Mr Horton believes, technology trends are nothing to worry about – we should actually face these changes with excitement, and start thinking about how we can use AI and other technology to better perform our duties.
If you’d like to participate in discussions like this, Lawyers Weekly is hosting Future Forum later this year. The event is designed for lawyers who want to stay ahead of their competition and gain better understanding of technology change and business innovation. Future Forum will happen in November, in Sydney and Melbourne. For registration and more information, visit their website here.