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A changing landscape

06 September 2018 / Nancy Jessen
Issue: 7807 / Categories: Features , Legal services , Profession , Technology
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It’s time for lawyers to get smart about artificial intelligence. Nancy Jessen reports

  • ​How is the legal profession perceiving artificial intelligence and adapting to it?
  • Are firms taking the steps needed to embrace AI or is the fear that lawyers are being replaced pervading the industry?

Recent studies are forecasting that by 2021, 46% of companies will not only have implemented artificial intelligence (AI), but also be spending in excess of $58bn annually on it. AI is being bought, built and used at a higher rate than ever before across a range of industries, with the aim of furthering businesses’ goals in making them as cost-efficient and productive as possible.

LexisNexis recently conducted a survey with lawyers, which showed that 75% of respondents realised that their sector is changing at a faster pace than ever before, but somewhat contradictory only 20% of the lawyers surveyed agreed that their firm needed to evolve. So do the other 80% of respondents believe that their firms are already doing enough, or are they not fully appreciating

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MOVERS & SHAKERS

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Quinn Emanuel Urquhart & Sullivan—Andrew Savage

Firm expands London disputes practice with senior partner hire

Druces—Lisa Cardy

Druces—Lisa Cardy

Senior associate promotion strengthens real estate offering

Charles Russell Speechlys—Robert Lundie Smith

Charles Russell Speechlys—Robert Lundie Smith

Leading patent litigator joins intellectual property team

NEWS
The government’s plan to introduce a Single Professional Services Supervisor could erode vital legal-sector expertise, warns Mark Evans, president of the Law Society of England and Wales, in NLJ this week
Writing in NLJ this week, Jonathan Fisher KC of Red Lion Chambers argues that the ‘failure to prevent’ model of corporate criminal responsibility—covering bribery, tax evasion, and fraud—should be embraced, not resisted
Professor Graham Zellick KC argues in NLJ this week that, despite Buckingham Palace’s statement stripping Andrew Mountbatten Windsor of his styles, titles and honours, he remains legally a duke
Writing in NLJ this week, Sophie Ashcroft and Miranda Joseph of Stevens & Bolton dissect the Privy Council’s landmark ruling in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd (No 2), which abolishes the long-standing 'shareholder rule'
In NLJ this week, Sailesh Mehta and Theo Burges of Red Lion Chambers examine the government’s first-ever 'Afghan leak' super-injunction—used to block reporting of data exposing Afghans who aided UK forces and over 100 British officials. Unlike celebrity privacy cases, this injunction centred on national security. Its use, the authors argue, signals the rise of a vast new body of national security law spanning civil, criminal, and media domains
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