Artificial Intelligence (AI), is quickly becoming an everyday tool for business owners, but is it reliable for legal advice? Or contract drafting? Honestly, it is about an 80% solution. In fact, it can cut down on legal fees by helping you home in on what you are looking for from your lawyer and providing you a rather decent base of knowledge to discuss your legal matter with a lawyer.
Legal Business Stuff AI is Good For
- Generally, Cost Effective – By starting your legal education with an AI, it can give you a general idea of what you need and can cut the “fact-finding” time down your lawyer will need to do to determine your exact legal needs.
- 24/7 Availability – Unlike human lawyers, AI systems are available anytime, offering instant legal guidance.
- Can Produce Summaries with Citations– AI can summarize the conversations you have with it in brief one page memos with citations. You can provide these memos to your lawyer to give context to your legal matters, and sources your lawyer can quickly verify.
Legal Business Stuff AI is Bad For
- Lack of Human Judgment – AI lacks empathy, discretion, and the ability to correctly interpret nuances in complex legal matters.
- Sometimes Is Entirely False – AI interprets such a vast amount of information rapidly, it can create “phantom” information (including sources) that are entirely fabricated. You must always verify the sources, and further have an experienced lawyer interpret the nuances of any legal information the AI provides.
- Ethical and Privacy Concerns – AI is not bound by any confidentiality or ethical duties as lawyers are. You should not put sensitive information into an AI. However, that sensitive information is valuable in your legal decision making. Therefore, you need a lawyer that you can share it with in confidence to make the best decisions for your legal needs.
So, Does AI Replace Your Lawyer?
No, and it shouldn’t! AI offers significant advantages in efficiency and affordability; however, it cannot fully replace the nuance and intuition of a human lawyer. The ideal approach involves a hybrid model where AI enhances legal research and document preparation while human lawyers handle strategy and advocacy, therefore reducing overall costs for clients.
Contact The South Texas Business Lawyers today to learn more!
DISCLAIMER: THIS ARTICLE IS MADE AVAILABLE FOR EDUCATIONAL PURPOSES ONLY, TO GIVE YOU GENERAL INFORMATION AND A GENERAL UNDERSTANDING OF THE LAW, NOT TO PROVIDE SPECIFIC LEGAL ADVICE. BY USING THIS ARTICLE, YOU UNDERSTAND AND ACKNOWLEDGE THAT NO ATTORNEY-CLIENT RELATIONSHIP IS FORMED BETWEEN YOU AND THE SOUTH TEXAS BUSINESS LAWYERS, PLLC, NOR SHOULD ANY SUCH RELATIONSHIP BE IMPLIED. THIS ARTICLE SHOULD NOT BE USED AS A SUBSTITUTE FOR COMPETENT LEGAL ADVICE FROM A LICENSED PROFESSIONAL ATTORNEY IN YOUR STATE.