Kim Simmonds, CEO and Founder of Law 365 and Cloud Contracts 365, invested in AI and machine learning because she believes it’s vital to the future landscape of legal services.
It will streamline legal processes and reduce the cost to the client, freeing up human lawyers to do more challenging and complex work.
Here are 7 reasons why legal AI is improving legal services:
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Faster and more efficient contract creation
Traditional legal services can be slow and time-consuming. Lawyers often need to spend hours poring over legal documents to ensure that they are accurate and legally binding. Legal AI, on the other hand, can produce contracts in a matter of minutes. This means that businesses can get contracts signed and sealed much faster, allowing them to move on to other important tasks.
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Accurate and error-free contracts
Human lawyers are prone to human error. Even the most skilled lawyers can make mistakes when drafting legal documents. Automated legal solutions using machine learning, however, can be programmed to follow strict rules and guidelines, ensuring that contracts are accurate and error-free.
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Cost-effective legal services
Traditional legal services can be expensive, especially for small businesses. Legal AI, on the other hand, can provide cost-effective legal services that are accessible to businesses of all sizes. This means that businesses can save money on legal services while still getting high-quality legal contracts.
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Customizable contract templates
Legal AI can be used to create customisable contract templates that can be tailored to a business's specific needs. This means that businesses can create contracts that are perfectly suited to their unique requirements.
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Secure and confidential contracts
Legal AI platforms are designed to ensure that contracts are secure and confidential. This means that businesses can be sure that their contracts are not being accessed by unauthorized parties.
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Saving the environment, one tree at a time
No paper required!! Traditional law firms print and file everything. Halls are stacked with filing cabinets. It’s wasteful and it’s not secure.
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AI can tell you when you need a human lawyer
AI isn’t replacing humans, it’s facilitating the process and speeding it up. Our machine learning based automated solution will flag when you need more help that it can provide, and our lawyers are on hand with the experience and friendly-face that only a human can provide.