How law firms leverage Kira's AI to cut contract review time by up to 60%
In a recent report, market researcher Forrester predicted that 2019 would be the year digital transformation is put into action, addressing issues around improving customer experience and focusing on a client-driven model that builds on a foundation of artiﬁcial intelligence (AI) to automate repetitive processes.
Certainly, implementing digital transformation in the world of law is becoming imperative. This is the case as law ﬁrms face a cost-conscious landscape where client discounts are rampant and corporate legal departments strive to transform from cost centers to strategic drivers of value for the business. Improving efficiency and creating a client-driven model are paramount across the board.
Leveraging artiﬁcial intelligence (AI) is one way to accomplish this. “Artiﬁcial intelligence is changing the way lawyers think, the way they do business and the way they interact with clients,” said Julie Sobowale in the ABA Journal article, How artiﬁcial intelligence is transforming the legal profession. “AI is more than legal technology. It is the next great hope that will revolutionize the legal profession.”