AI is generally is considered as a machine which has an ability to respond to turn on accordant with traditional responses from humans, considering the human capacity for contemplation, judgment and decision making. According to many scholars and researchers, AI is a computer program system which can make decisions which normally require human level of intelligence and expertise and help people anticipate problems or deal with issues as they arise. Therefore, they function in an intelligent and an adaptive way.
Using the algorithms designed to form decisions using real-time data by AI-enabled systems make it a useful and futuristic technical function. Assisting sensors, digital data and remote inputs form a combination of information integrated from various sources, analyzing the situation instantly and ultimately act accordingly. It has also led to massive improvements in the storage systems, processing speeds, and analytic techniques which make it a tremendous option in analyzing and decision making.
Artificial Intelligence is a futuristic technology existing in even today’s life and has integrated a massive portion of industrial activities enhancing economic growth and technological development. Since it has been deployed in various sectors such as national security, health care, criminal justice, transportation and even finance, it is leading to augmentation of human abilities and capabilities in an essential manner. The major reason behind the expanding role of AI is the immense opportunities for economic development.
AI has also found its way into the legal field by way of supporting lawyers and clients in significant manner. Application of Artificial Intelligence in legal profession is gradually transforming the profession by assisting in the work of paralegals, legal researchers, and litigators
Since the field of law touches every aspect of the business world and has its involvement in almost everything that companies, firms or organizations do such as sale, purchase, partnerships, mergers, amalgamations or reorganizations, everything needs to be done legally and are enforceable through various legal agreements or contracts. Innovation might also come to a halt without a well-developed body of intellectual property law and its inter-linkage with the field of Artificial Intelligence. It has become very significant for the legal profession also to adopt the upcoming and new technological developments in order to successfully do all the legal activities involved across the various industries. It becomes more pertinent when it come to the field of Artificial Intelligence as it has the capability to transform the practice of law in dramatic ways.
With particular fields of law such as contract review, due diligence, legal research, intellectual property management and legal analytics stand out as very significant and eminent for the purpose of application of AI as a significant growth can be witnessed in these areas.
Hence, the future of legal profession seems to be completely interwoven with the field of Artificial Intelligence as its application and utilization across distinct industries show a significant growth and requires less involvement and interference of human intelligence.