Artificial intelligence in Corporate Legal – Meeting Challenges and Predicting the Future

What are the first thoughts that come to mind when you hear the words “artificial intelligence”?

You might want to imagine a scene from a science fiction movie: Arnold Schwarzenegger fights sensitive robots controlled by the almighty Skynet. Or maybe you think about the advice you see on the internet for a new pair of Nike simply because you’ve already thought about buying shoes.

But for those in the corporate legal field, Artificial intelligenceisn’t fantasy or boredom, nor is it magic. Instead, AI has the power to transform law firms in powerful, tangible, and profitable ways. It can help members of the General Counsel and legal industry leaders address the many challenges they face in the complexities of today’s legal landscape.

In-house attorneys must have the vision to establish accurate budgets for lawyer cases and make informed decisions that affect litigation while estimating potential transaction values, outcomes, and more. They are also responsible for selecting the right attorney to best represent their interests in particular matters. These decisions should not be reduced to justified assumptions. In any of these cases, managers need accurate and affordable data to assign the right case to the right company at the right cost.

This white paper describes how GCs, in-house attorneys, and legal professionals can take advantage of AI and machine learning to drive more information, efficiency, and cost savings. Specifically, it will show how AI can be used to improve invoice processing and account review, and how predictive analytics can help the legal team create more accurate cost estimates, case outcomes and make better decisions.

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