With pressure coming from corporate legal departments to not only improve efficiencies and save money but be more technologically advanced, credible AI technologies can be an attractive option for firms when they see it as a way to create more business value, delegates heard at ILTACON, one of the biggest legaltech events of the year.  According to Alex Lazo, CIO of Mullen Coughlin, whilst law firms, as well as legal departments, vary in degree by which they are adopting AI-based technologies, the majority of law firms, and in most other business verticals, do not have mature AI strategies. 

Be receptive

Jake Heller, CEO of AI-based legal research firm Casetext advises law firm to be receptive and pick up the phone. He say that the power behind AI is extremely complex and that engineers do not even understand all the parts. 'What’s important is that the interface be very simple. And it has to be easier than anything you were doing in the past,' he said . 'Law firms are trying to solve real problems for the firm and for their clients. Clients are asking them to increase the quality of services and efficiency. That can seem paradoxical, but that pressure is driving the receptiveness to AI solutions.'

AI panel

The International Legal Technology Association Conference (ILTACON) kicked off on 14 August at the Mandalay Bay Resort and Casino in Las Vegas. ILTACON’s third session in its AI series, “Artificial Intelligence in Law: From Theory to Practice,” takes place today. Source: Bloomberg Law