It is no surprise that there are often times that people or industries may find it quite difficult to adapt to change, in fact, whether it may be big or small, a change is still a change. The world is actually still adapting into the digital age wherein more and more things are being invented especially with the use of artificial technology. People who are resistant to change simply make it even harder for themselves and for people around them to just live in the moment. For instance, everyone knows how convenient it is to have a mobile phone, so it is ideal to have one. The use of internet is also very important in every day lives.
Then again, change is just something you can’t just do and expect for things to be all perfect. Taking one step at a time to get used to the change would be the best way to approach it. The medical industry are having more and more advanced equipments for their procedures compared a couple of years ago. All of these changes are very essential for both medical practitioners and patients. Then again the legal field is seem to be having a hard time to keep up to the digital age. It is actually not considered to be a surprise at all, especially in such a competitive environment setting, things could get complicated especially if they don’t try to adapt to the change.
Legal Field’s Digital Mark
It turns out that the profit margins in the legal field continues to go down as well as the productivity level, this is all according to the Reuters’ 2018 Report on the State of the Legal Market. Experts believe that there is one way to turn all of this around and make it as an advantage, and the perfect way to do it is to embrace the digital age. Law firms who would be able to provide and even more effective services to their clients would definitely help them climb up the competition ladder. Operating their services with the help of advanced technology wouldn’t just boost the business, but also their credibility.
Lawyers would be able to work more efficiently and effectively, by transforming their approach on their client’s whenever they need to answer some inquiries or handle some of their legal challenge. Then again, some people wonder how law firms would be able to adapt to this change without having to let their lawyers suffer from adjusting slowly and may lead to confusion.
Ready For A Revolutionized Legal Industry
According to the 2017 International Legal Technology Association survey, most of the people in the legal fields are actually ready for an innovative change. They are ready to make use of artificial intelligence in any possible way that could help them out. More than half of the survey respondents are actually looking forward for the essential change that would happen in their careers within the next couple of years. This is because with the help of the newest artificial intelligenc technology, lawyers may find it easier to work on cases as well as interact with their clients. There is a really massive potential in the market as well, with over $437 billion in 2017, it could grow over the next few years.
One of the things that lawyers are looking forward to working with is AI-enabled text analytics. That is because they actually spend most of their firms reviewing manually, and if something could actually help them “speed-read” these documents then they would be more efficient since they would have more time to do other necessary things. Every document must be read through since most likely these are contracts that contain terms and obligations, and they would most likely need to explain all of these to their clients, then advise them about it. AI-tech could definitely help them sort all of these out.
What is definitely changing the legal field is the legal apps that are mostly available all over the world. Everyone nowadays has a smartphone or a tablet, wherein apps are downloaded. Self-employed lawyers, or those who do not belong to any law firms, find this a good way to earn some money by giving simple legal advice to people who would purchase the legal apps on their devices. It could be a part-time job for those lawyers who are already retired or simply have the spare time to give people legal advice.