Emily Foges, an advocate for the increased use and usefulness of AI, offers her view of the future
From Emily Foges, CEO of Luminance
Artificial intelligence in the legal profession has truly come of age. This makes it a hugely exciting time to be at the forefront of technology innovation for the sector.
In the past, legal AI platforms have used bespoke solutions to assist lawyers in the complex field of due diligence. Looking ahead, with a new generation of machine learning that can learn and understand in a similar way to the human brain, we will see a growth in popularity of technology that is easy to adopt and no longer requires extensive training.
A key challenge I see in the future is tackling the notion of ‘accuracy’, which should never be applicable in the legal profession. Different lawyers may disagree on interpretations, so judgement is key. With the risk of missing important contractual details inherent in any due diligence process, manual or otherwise, I think we will see an even greater appetite for AI technology that does not replace the role of the lawyer, but speeds up the review process to give lawyers more ‘thinking time’.
Emily Foges is CEO of Luminance (https://www.luminance.com/). Luminance was named ‘Best AI in Legal Tech’ in the 2017 Global Annual Achievement Awards for Artificial Intelligence and operates around the world with law firms including Slaughter & May, Cravath, Swaine & Moore, Roschier’ Uría Menéndez and BA-HR, amongst many others.