2023 will be memorialized as the year that revolutionized the role of AI and legal tech in the legal industry. AI tools are redefining the way legal departments handle workflows, instrumental in automating legal work, and demonstrating value addition to legal departments.
Attorneys and legal tech experts at LegalEase Solutions explore the world of legal tech, AI tools, and CLM in 2024. With their decades of legal tech know-how, they understand the bridge between legal and tech, and why it’s key to legal’s development.
Expert Thoughts on Legal in 2024
“In the coming year, we can expect to see a synergistic relationship between CLM systems and Generative AI. These technologies will work in tandem to streamline contract management further, leading to increased productivity, cost savings, and enhanced legal and operational compliance.”
Tariq Hafeez, President and Co-founder
“Ethical and regulatory bodies will more aggressively consider parameters and boundaries for legal technology. As these decisions and regulations advance, the fear associated with legal tech, including the fear of tech making lawyers obsolete, and the overall fear of the ghost in the machine, will dissipate. Lawyers will adapt. Use of legal tech will become as commonplace for lawyers as Excel has become for accountants.”
Patrice Asimakis, Director – Legal
“Advances in technology, particularly in AI will have both a positive and potentially detrimental effect on privacy. On one hand, cutting-edge tools are being harnessed to enhance privacy protection. Advanced encryption, robust data anonymization techniques, and AI-driven privacy-preserving technologies are helping individuals and organizations safeguard their sensitive information like never before.”
Tariq Hafeez, President and Co-founder
Get on board the legal revolution with AI!
