My presentation at Deutscher Anwaltstag 2017: "Are machines about to take over?"

Vertrauen ist gut. Anwalt ist besser!
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Artificial Intelligence and Legal Practice: Are
the Machines About to Take Over?
- Some Initial Thoughts -
Siegfried Lautenbacher
Beck et al. Services GmbH
Twitterhandle: @beaservices1
siegfried.lautenbacher@bea-services.de

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Source: https://xkcd.com/1838/
Source: https://www.linkedin.com/hp/update/6267422045072560128

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What is AI (My PoV)

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„Can you envision a law-focused ‘Watson’
replacing any of the following timekeepers in
your firm in the 5 to 10 years?“
Even if there was an
increase in the perception
of the importance of AI
between 2011 and 2015 ...
Source: Law Firms in
Transition 2015: An Altman
Weil Flash Survey

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… ”Few in the profession appear to be doing much
about it”
”There should be no
argument or surprise that
the rise if AI, cognitive
computing and machine
learning has the potential to
revolutionize law practise.”
Source: Law Firms in
Transition 2017: An Altman
Weil Flash Survey

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Robo - Associates ExoScel-Lawyersor

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Time spent doing the
lawyers job
• Percent of invoiced Hours
Spent on Various Tasks –
2012-2015
• Tasks in order of difficulty
to automate
• Current focus of AI
activities in legaltech
Source: Remus, Dana and Levy, Frank S., Can Robots Be Lawyers?
Computers, Lawyers, and the Practice of Law (November 27, 2016). Available at SSRN:
https://ssrn.com/abstract=2701092 or http://dx.doi.org/10.2139/ssrn.2701092
?
> 1.000 lawyers

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Market Segments
of AI Enhanced Legal
Tech
„The question to ask with
any technology (AI or not) is
whether it helps get what
you need done faster, less
expensively, and whether
the same results would
have been much more
difficult to achieve with
existing processes or tools.“
Infographic:
https://www.lawgeex.com/buyersguide/

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Contract Review
„At JPMorgan Chase & Co., a learning
machine is parsing financial deals that once
kept legal teams busy for thousands of hours.
The program, called COIN, for Contract
Intelligence, does the mind-numbing job of
interpreting commercial-loan agreements that,
until the project went online in June,
consumed 360,000 hours of work each year
by lawyers and loan officers. The software
reviews documents in seconds, is less error-
prone and never asks for vacation.“
Source, Bloomberg, Feb 17
Infographic:

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Contract Due Dilligence
New AI players in the legal field promise to
create time savings of 20–40% on routine
tasks.
Main promise: The traditional contract review
process involves poring over hundreds or
thousands of documents manually. This can
be automatized and “structured” appropriately
Infographic:

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Key Enabling Technologies & „Easy“ Example
Machine
Learning
Natural
Language
Processing
Ability to predict the best action or choice based
on past cases
Identification of relevant patterns in the text of a
document
Clustering
Grouping of documents and clauses based on the
semantic similarity of their content
“United Widgets appointed
Carla Jones as new CEO”
“Carla Jones, die neue Geschäftsführerin
der Firma United Widgets, ist…”
“… an interview with Carla Jones,
the chief executive of United Widgets, ….”
TYPE: Corporate position
HOLDER: Carla Jones
COMPANY: United Widgets,
Inc.
POST: Chief executive officer
Extracted pattern

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Legal Research
Richard Susskind: “If properly primed, (these
legal AI searches) are now able, in terms of
precision and recall, to outperform paralegals
and junior lawyers when reviewing and
categorizing large bodies of documents.”
• Respond to legal questions in plain English
• Tools can now predict how courts are likely
to rule on new cases, including on areas,
such as tax and at more than 90 per cent
accuracy rate.
See also:
• ROSS AI Plus Wexis Outperforms Either Westlaw or
LexisNexis Alone, Study Finds
• Big law is having its uber-moment
Infographic:

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AI enabled Legal Tech – Situation in Germany (my PoV)
Automate legal
work
• Specific projects
• Watson based pilots
• I don’t see many start-
ups outside English
Consumer rights Marketplaces/
Platforms
Legal
ChatbotsMain challenge: Language barriers
Most offerings are in English only

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Example from Financial Industry: Smart KYC
Smart Know
Your Customer
solution
reduces effort
per analyst and
increases
quality

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A lot of languages – a lot of sources

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A lot of “topics”/ rules covered NLP based
rules behind the topics

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Are the Machines About to Take
Over?
• AI enabled legal tech will help lawyers to work
productively and focused.
• What will be in > 5 years? Nobody knows
• Use AI based collaboration in non-legal
situations too (office collaboration, recruiting, )
• Start with small projects to become familiar
• Create more IT know-how
internally
ExoScel-Lawyers

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Zielstattstr. 42,
81379 München
@beaservices1
+49 89 5388630
Get in Touch
Siegfried Lautenbacher
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My presentation at Deutscher Anwaltstag 2017: "Are machines about to take over?"

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My presentation at Deutscher Anwaltstag 2017: "Are machines about to take over?"