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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

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
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