Penned by Andrew Mellett the CEO of Plexus this is one of the best articles we’ve read this year about law & technology.
Here are some choice snippets
Everybody’s talking about it. Every week there is another law firm announcement of an ‘A.I. breakthrough’. And no one wants to be left behind.
Yet the truth, for the most part, is that these claims are ‘all tip, no iceberg’. For all the hype, no one can find a lawyer who can point to tangible ROI from legal A.I.
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Artificial Intelligence is working very effectively in many domains. Indeed, we use it every day.
So why is the legal industry different?
There is a simple and a complex answer to this question.
The simple answer is that many vendors are misrepresenting their technology as A.I.
Take the example of ‘LISA’ which has been publicised as the ‘The world’s first Artificially Intelligent Lawyer’. The truth is this is neither A.I. nor the first attempt at an A.I. lawyer. In fact, it is just a ‘white-labelled’ contract automation product. Perhaps most amusingly, using A.I. to draft an NDA would be the technology equivalent of using a nuke to kill an ant.
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Consider IBM’s much-hyped Watson platform. After spending billions, it is still yet to demonstrate any true breakthroughs for lawyers. Not even IBM’s legal function has found a use for it.
Although he is pushing his own product we applaud him for his straight forward approach – more please
Read the full article at http://www.plxs.com.au/legal-a-i-high-on-artificial-low-on-intelligence/
