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padding-top:15px;" > <span id="blog-strapline" style="font-size:24px; line-height:24px; background:#FEE94F; padding:0px 2px !important;">Blog - Commentary</span> <h1 style="border:0px; padding-top:15px;">Niche law firms poised to benefit from artificial intelligence</h1> <p id="article-summary" class="bold">Disruption has opened up a world of opportunities for the legal marketplace in the UK, says Jeffrey Catanzaro.</p> <img align="left" src="/uploads/images/artificial intelligence 500 (2).jpg" title="Niche law firms poised to benefit from artificial intelligence" alt="" /> <p class="img-desc"><span id="copyright1" >pathdoc</span></p> <div class="full-blog"><p> The legal profession is being challenged now as never before to embrace new technologies to transform the way they deliver legal services. And the impetus is coming from clients, particular general counsel of large multinationals, who in this new digital age are simply refusing to countenance paying for 30 associates to do a job they now know full well an intelligent piece of software can do in their place.&nbsp;</p> <p> <strong>Artificial intelligence tools</strong></p> <p> Gone are the days of junior litigators barricading themselves in a war room for days, sifting through boxes and boxes of evidence; or trainee conveyancers sweating 100s of hours reviewing a 300-page lease.&nbsp; Today, clients expect this work to be despatched in hours or minutes with the aid of artificial intelligence tools, leaving the humans to focus on the real value-adds: deciding on litigation strategy and tactics; or handling a sensitive lease negotiation. Law firms are now required to become adept in separating out the different strands of the service they provide to clients and working out which bits are still best delivered by (wo)man and which by machine.&nbsp;&nbsp;</p> <p> <strong>UK vs US</strong></p> <p> &nbsp;Some firms find this easier than others, not just because of their culture, and whether or not they are &lsquo;early adopters&rsquo; versus &lsquo;traditionalists&rsquo;, but also because the regulatory frameworks within which they are operating have massive impacts too - and this of course varies hugely jurisdiction by jurisdiction. Consider for example how much more freedom UK law firms have to innovate as businesses, even setting up &lsquo;Alternative Business Structures&rsquo; -&nbsp; some not even managed by lawyers - to deliver elements of their service, compared to their US cousins who are far more restricted in how they go about running their legal businesses. Yet the legal marketplace is a global one, with the largest US, UK, European and Asian law firms often all competing for the same mandates from the world&rsquo;s largest companies. Those firms that are more restricted from innovating (or that are restricting themselves because of a more traditionalist mindset) are at a distinct disadvantage. But help us at hand, with a whole industry of tech providers and advisers growing up around these developments to help and guide.&nbsp;</p> <p> <strong>Level playing field</strong></p> <p> There&rsquo;s an opportunity too in all this market disruption. You will have heard plenty of people opine, no doubt, that the robots taking over is actually a good thing, freeing lawyers up to focus on the more interesting work. Well yes this might be true, but I&rsquo;m talking about something more than this: the &lsquo;global elite&rsquo; firms have long monopolised the very top tier work in the market, squeezing out the niche specialists who may be just as legally and commercially clever for their clients, simply because the big law firm behemoths could field vast teams of associates on a single transaction that the smaller firms just can&rsquo;t. But if this layer of the work in the big global M&amp;As and in&nbsp; the world&rsquo;s largest cross-jurisdictional disputes is now to be done by a computer programme instead, then suddenly the playing field is levelled for the niche firms to play to advantage.&nbsp;</p> <p> So there&rsquo;s new threats for some and new opportunities for others. It&rsquo;s about getting the right help and advice to make sure your firm minimises the downsides maximises the upsides. But one things for certain: standing still is not an option.</p> <p> <strong><em>Jeffrey Catanzaro is vice-president of the legal business solutions team at UnitedLex.</em></strong></p></div> <div id="registration" style="padding:30px 0px;" > <div class="bottom-overlay-box" style="width:190px; background:none !important;"> <form action="/subscribe/email-updates/" method="post"> <button class="btn signup-btn" type="submit" > Sign up for daily email updates </button> </form> </div> </div> </div> <div class="blogger-right" id="blogger" > <img align="left" src="/uploads/images/JCatanzaro.jpg" alt="Jeff Catanzaro" /> <p>Posted by:</p> <p class="name"><a href="/profile/jeff-catanzaro/">Jeff<br>Catanzaro</a></p> <p class="email"><a href="mailto:"></a></p> <p class="posted">19 September 2018</p> </div> <div id="article-editors-pick" class="blogger-right"> <h2>Editor's picks</h2> <div class="gl-underline-lite" id="editors-pick-list"> <a 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HTTPReferer [empty string]
Mailto siva@globallegalpost.com
Message Unable to read the source URL.
QueryString [empty string]
RemoteAddress 34.203.225.78
RootCause
struct
Detail No buffer space available (maximum connections reached?): connect
Message Unable to read the source URL.
StackTrace coldfusion.syndication.FeedReader$UnableToReadSourceURLException: Unable to read the source URL. at coldfusion.syndication.FeedReader.readFeed(FeedReader.java:122) at coldfusion.syndication.FeedReader.<init>(FeedReader.java:94) at coldfusion.tagext.io.FeedTag.doStartTag(FeedTag.java:92) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfshow2dblog2ecfm1747743238.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-blog.cfm:300) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfindex2ecfm856495739.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\blogs\commentary\niche-law-firms-poised-to-benefit-from-artificial-intelligence-71222603\index.cfm:15) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65) at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:381) at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:48) at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40) at coldfusion.filter.PathFilter.invoke(PathFilter.java:94) at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:70) at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28) at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38) at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:46) at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38) at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22) at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62) at coldfusion.CfmServlet.service(CfmServlet.java:200) at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89) at jrun.servlet.FilterChain.doFilter(FilterChain.java:86) at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42) at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46) at jrun.servlet.FilterChain.doFilter(FilterChain.java:94) at jrun.servlet.FilterChain.service(FilterChain.java:101) at jrun.servlet.ServletInvoker.invoke(ServletInvoker.java:106) at jrun.servlet.JRunInvokerChain.invokeNext(JRunInvokerChain.java:42) at jrun.servlet.JRunRequestDispatcher.invoke(JRunRequestDispatcher.java:286) at jrun.servlet.ServletEngineService.dispatch(ServletEngineService.java:543) at jrun.servlet.jrpp.JRunProxyService.invokeRunnable(JRunProxyService.java:203) at jrunx.scheduler.ThreadPool$DownstreamMetrics.invokeRunnable(ThreadPool.java:320) at jrunx.scheduler.ThreadPool$ThreadThrottle.invokeRunnable(ThreadPool.java:428) at jrunx.scheduler.ThreadPool$UpstreamMetrics.invokeRunnable(ThreadPool.java:266) at jrunx.scheduler.WorkerThread.run(WorkerThread.java:66)
TagContext
array
1
struct
COLUMN 0
ID CFFEED
LINE 269
RAW_TRACE at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm
TYPE CFML
2
struct
COLUMN 0
ID CFINCLUDE
LINE 300
RAW_TRACE at cfshow2dblog2ecfm1747743238.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-blog.cfm:300)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-blog.cfm
TYPE CFML
3
struct
COLUMN 0
ID CFINCLUDE
LINE 15
RAW_TRACE at cfindex2ecfm856495739.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\blogs\commentary\niche-law-firms-poised-to-benefit-from-artificial-intelligence-71222603\index.cfm:15)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\blogs\commentary\niche-law-firms-poised-to-benefit-from-artificial-intelligence-71222603\index.cfm
TYPE CFML
Type Application
message Unable to read the source URL.
StackTrace coldfusion.syndication.FeedReader$UnableToReadSourceURLException: Unable to read the source URL. at coldfusion.syndication.FeedReader.readFeed(FeedReader.java:122) at coldfusion.syndication.FeedReader.<init>(FeedReader.java:94) at coldfusion.tagext.io.FeedTag.doStartTag(FeedTag.java:92) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfshow2dblog2ecfm1747743238.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-blog.cfm:300) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfindex2ecfm856495739.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\blogs\commentary\niche-law-firms-poised-to-benefit-from-artificial-intelligence-71222603\index.cfm:15) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65) at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:381) at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:48) at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40) at coldfusion.filter.PathFilter.invoke(PathFilter.java:94) at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:70) at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28) at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38) at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:46) at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38) at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22) at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62) at coldfusion.CfmServlet.service(CfmServlet.java:200) at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89) at jrun.servlet.FilterChain.doFilter(FilterChain.java:86) at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42) at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46) at jrun.servlet.FilterChain.doFilter(FilterChain.java:94) at jrun.servlet.FilterChain.service(FilterChain.java:101) at jrun.servlet.ServletInvoker.invoke(ServletInvoker.java:106) at jrun.servlet.JRunInvokerChain.invokeNext(JRunInvokerChain.java:42) at jrun.servlet.JRunRequestDispatcher.invoke(JRunRequestDispatcher.java:286) at jrun.servlet.ServletEngineService.dispatch(ServletEngineService.java:543) at jrun.servlet.jrpp.JRunProxyService.invokeRunnable(JRunProxyService.java:203) at jrunx.scheduler.ThreadPool$DownstreamMetrics.invokeRunnable(ThreadPool.java:320) at jrunx.scheduler.ThreadPool$ThreadThrottle.invokeRunnable(ThreadPool.java:428) at jrunx.scheduler.ThreadPool$UpstreamMetrics.invokeRunnable(ThreadPool.java:266) at jrunx.scheduler.WorkerThread.run(WorkerThread.java:66)
TagContext
array
1
struct
COLUMN 0
ID CFFEED
LINE 269
RAW_TRACE at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm
TYPE CFML
2
struct
COLUMN 0
ID CFINCLUDE
LINE 300
RAW_TRACE at cfshow2dblog2ecfm1747743238.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-blog.cfm:300)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-blog.cfm
TYPE CFML
3
struct
COLUMN 0
ID CFINCLUDE
LINE 15
RAW_TRACE at cfindex2ecfm856495739.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\blogs\commentary\niche-law-firms-poised-to-benefit-from-artificial-intelligence-71222603\index.cfm:15)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\blogs\commentary\niche-law-firms-poised-to-benefit-from-artificial-intelligence-71222603\index.cfm
TYPE CFML
Template /blogs/commentary/niche-law-firms-poised-to-benefit-from-artificial-intelligence-71222603/index.cfm
Type coldfusion.runtime.CfErrorWrapper