Artificial Intelligence in Indian legal context – Benefits and Expectations
Deployment of AI technologies is increasing in all industries and businesses – be it a fast food delivery service or an aviation company.
People are getting habituated to using the digital assistants in their smartphones, and this is not necessarily limited to the tech-savvy lot. First used by US computer scientist John McCarthy in 1956, artificial intelligence has cast its impact on human life in an unprecedented manner. It has seeped into many industries like healthcare, insurance, retail, hospitality and more.
In India, the adoption of AI in various sectors has grown slowly but steadily. With time, the Indian law scene has woken up to the possibilities of deploying AI for multiple needs.
Why AI is relevant to the Indian legal scenario?
Like many other sectors, the law sector in India is also embracing digital technology for many needs. For something as commonplace as property sale or registration, usage of biometrics technologies has been made mandatory. It is undeniable, using sophisticated software solutions and technologies help reduce dependency on paperwork and manual labour. The legal sector is turning consumer-focused, increasingly.
It is true that AI technology is still evolving and is yet to reach a stage where it can be used entirely in place of human intelligence in a legal context. However, repetitive and commonplace legal tasks can be managed well by the deployment of AI, and some legal firms are already so! You can avail specific software that makes good use of AI for a legitimate purpose such as the ones designed by Anvi Legal. From drafting legal contract to reviewing multiple legal contracts fast, the new era AI enabled software are useful
Analysing the benefits of using AI in Indian legal Industry
There are many benefits of using AI enabled software solutions in the Legal Sector in India.
1. Time saving
Resolving legal cases is a time-consuming affair in India. From filing a case to reaching a resolution, it takes a long time in most cases. By deploying AI tech to perform regular tasks, the speed of handling cases can be improved. Everyone involved in a case, including the lawyers and judges, will be able to save precious time when such solutions are deployed. Those opting for legal affairs and seeking justice will also be able to save time.
2. Better focus on work
When AI-enabled software is used to perform a section of legal tasks, the lawyers and legal practitioners will be able to focus better on complex aspects of their cases. They will not have to think about doing regular and repetitive tasks, as the software solutions will handle these.
3. Cost reduction
When AI technology is used to perform a section of tasks in the legal sector, it will prove to be cost effective. Fewer men need to be recruited to get documentation and analysis done. It will also lead to a reduced need to produce printed documents and store these. The digitisation of resources and documents helps save space and money both!
4. Better skill development
As a matter of fact, in India, legal practitioners spend several years before they become well versed in nuances of the law. This happens because they learn how to do legal research and for that analyzing vast amounts of legal data and doing case studies is required. However, documentation and analysis part make the whole process a time-intensive affair for them.
Deploying AI enabled legal software simplifies case analysis and helps them gain insight in nuances of law in less time. So, they acquire skill relevant to the legal sector in less time eventually. Even practising lawyers can find relevant references for their case by using such legal analysis software.
5. No skipping of legal nuances
Lawyers, after all, are humans and they may make mistakes. While trying to work faster, they may falter and skip vital nuances when analyzing a case. This does not happen when AI enabled legal analysis software is used. These software solutions can identify and gather crucial documents pertaining to a case in real-time.
When a lawyer is approached by a potential client the most common question he or she faces is on the prospect of winning the case. AI technology uses algorithms for making predictions. It can showcase an estimate based on the analysis of a massive amount of data quickly. This may cause the clients to feel somewhat assured.
AI enabled legal software applications are not only helpful for lawyers in working faster, but in winning clients’ trust and building long-term business relations too. They can also be used to analyze legal contracts in a logical and scientific manner. It can be immensely helpful for businesses when they sign contracts with other brands or third-party vendors or even suppliers. The software can be used to analyze such important business contracts and identify underlying risk factors. This helps those companies evade risks and financial loss.
A lot of businesses are also making use of AI equipped legal software to develop new contracts. They can frame contracts while playing it safe and evading legal pitfalls involved with the process when such specialised software is used. This can include a contract with another company or an important client or supplier.
What lies ahead?
There is no denying using AI technology in legal context can be helpful for all parties involved, but their journey may not always be smooth! This is true of any country including India. AI is a topic that is still being included in Indian law, and things will keep evolving. The lack of AI specific law and regulations can prove to be tedious. Besides, AI enabled legal software need to deal with vast amounts of data. When dealing with massive amounts of data, data privacy issues will crop up.
Indian Legal sector is slowly waking up to the potential of AI, and large-scale deployment will still take some time. There is no denying deploying technological changes on a national basis can be quite expensive. Not many Indian legal firms are using Specified AI software for their work. The first legal firm to use such application was Cyril Amarchand Mangaldas which tied up with Canada-based Kira Systems, to use machine algorithm in the legal framework. Within the next few years, some more law firms are expected to take similar steps.
The Indian judiciary may have been slow to wake up to the prospect of digital tech and AI, but at least it has realised the benefits. Now, the major part of legal information is just a few clicks away, and legal paperwork has also reduced. Despite the hurdles involved in the widespread adoption of AI tech in the legal sector, it will be embraced by the law firms and legal practitioners soon. The businesses that have hopped onto the nascent legal AI software bandwagon will find many takers.
While there are not too many applications in the segment, you can still make use of specialized legal analysis and contract creation software made by the likes of Anvi legal and obtain numerous advantages. This is applicable to all types of legal practitioners and law agencies in the country. It will be better for the legal industry if the govt takes the initiative to clarify the norms for AI adoption and defines its scope in the legal sector.