Mishcon de Reya chief strategy officer Nick West discusses the “incredibly exciting” field of artificial intelligence in The Lawyer’s 60-second interview on key topics from the upcoming Business Leadership Summit.
Why do you think technologies such as AI and predictive coding are apparently gaining momentum in term of their uptake in the UK legal market?
First and foremost, the legal market isn’t an isolated bubble. There is so much happening right now in the world at large about AI and cognitive computing that the legal market simply can’t be immune. Our behaviours in the workplace are driven (and increasingly so) by our experiences in the rest of our lives, so when there’s a constant stream of mainstream news about AI, it’s inevitable that it must impact the legal market.
Add into the mix a number of other legal market factors – the increasing price sensitivity of clients, the explosion in data, the long-standing feeling that there must be a better way to do repetitive knowledge tasks than simply adding more junior lawyers – and you’ve got the perfect conditions for these technologies to take hold.
Read the full article here.