Law firms are under pressure to become more efficient, productive and competitive in a global market. Business structures, billing models and client expectations are very different than they were just a few short years ago. New competition, increased regulation and the importance of business analytics and big data are all relatively new concerns in law.
Machine learning presents exciting opportunities for lawyers willing to embrace new ways of working. There are huge productivity gains and cost savings available from freeing highly skilled lawyers from routine tasks that computers can handle, allowing people to focus on the tasks that truly add value.