What Happens When Robots Join Law Firms
-
Upload
clio-legal-practice-management-software -
Category
Technology
-
view
896 -
download
2
Transcript of What Happens When Robots Join Law Firms
![Page 1: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/1.jpg)
What Happens When Robots Join Law Firms
Joshua Lenon Lawyer-in-Residence
Clio
![Page 2: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/2.jpg)
JUDGMENT DAY
![Page 3: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/3.jpg)
The robot takeover has already happened.
![Page 4: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/4.jpg)
Computer Prices 2005+
0.0#
20.0#
40.0#
60.0#
80.0#
100.0#
120.0#
140.0#
160.0#
180.0#
2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014#
From#the#Bureau#of#Labor#Sta;s;cs’#Consumer#Price#Index#–#pulled#03/11/2014#
![Page 5: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/5.jpg)
Legal Service Prices 2005+
0.0#
50.0#
100.0#
150.0#
200.0#
250.0#
2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014#
From#the#Bureau#of#Labor#Sta;s;cs’#Producer#Price#Index#J#Legal#Services#–#pulled#03/11/2014#
![Page 6: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/6.jpg)
Compared Prices 2005+
0.0#
50.0#
100.0#
150.0#
200.0#
250.0#
2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014#
Computer#
Legal#
From#the#Bureau#of#Labor#Sta;s;cs##–#pulled#03/11/2014#
![Page 7: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/7.jpg)
It is now cheaper to program a computer
than hire a professional lawyer.
![Page 8: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/8.jpg)
Why does this matter?
![Page 9: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/9.jpg)
Constant Information Growth
• Number of Treaties on File with the UN: 550 • Number of Pages in the U.S.C.A: 200,000 • Number of Federal Court Civil Cases Filed
Last Year: 271,950 • Number of Federal Court Civil Cases
Terminated: 254,619.
![Page 10: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/10.jpg)
Constant Information Change
J20%#
J15%#
J10%#
J5%#
0%#
5%#
10%#
15%#
20%#
25%#
60000#
65000#
70000#
75000#
80000#
85000#
2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012#
FR#Pages# %#Increase#
Source:#Federal#Register#Pages#Published#1936J2012#
![Page 11: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/11.jpg)
Rapid changes in law affect every part
of our lives.
![Page 12: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/12.jpg)
It has become impossible for legal professionals to know
every relevant aspect of the law
![Page 13: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/13.jpg)
It is possible for computers to know every
relevant aspect of the law
![Page 14: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/14.jpg)
THE FIRST SHOT
![Page 15: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/15.jpg)
Legal is not the only knowledge sector
growing.
![Page 16: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/16.jpg)
Medical Information is Exploding
• Journal articles published last year: 1,113,989
• Pharmaceutical trials undergone: 162,866 • Malpractice cases payouts 2012: 12,142
![Page 17: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/17.jpg)
IBM Watson
Mines: • patient data • treatment
guidelines • Eletronic
medical data • Doctor’s notes • Clinical
studies
Medical’s Solution
![Page 18: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/18.jpg)
Leveraging Increasing Powerful, Increasing Cheap
Computer Processing Power
0#
100#
200#
300#
400#
500#
600#
2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014#
![Page 19: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/19.jpg)
Technology allows medicine to predict and react from an
informed position.
![Page 20: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/20.jpg)
ROBOT INVASION
![Page 21: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/21.jpg)
Technology should allow lawyers to predict and react from an informed position.
![Page 22: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/22.jpg)
Personal Processing Power Cannot Compete on Price or Power
0#
100#
200#
300#
400#
500#
600#
2005# 2006# 2007# 2008# 2009# 2010# 2011# 2012# 2013# 2014#
CPU#
Mind#
Computer#
Legal#
From#the#Bureau#of#Labor#Sta;s;cs##–#pulled#03/11/2014#
![Page 23: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/23.jpg)
Technology to React
• Many services already issue alerts to changes in law, like Fastcase’s Bad Law Bot
![Page 24: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/24.jpg)
Fewer robotic services exist that predict legal outcomes from the basis of expansive
information.
![Page 25: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/25.jpg)
Predictive robotic services require construction by
specialized professionals
![Page 26: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/26.jpg)
Robot Invasion • Expert Trusted
Advisor • Enhanced
Practitioner • Legal
Knowledge Engineer
• Legal Process Analyst
• Legal Risk Manager
![Page 27: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/27.jpg)
Some predictive legal robots are already emerging.
![Page 28: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/28.jpg)
![Page 29: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/29.jpg)
![Page 30: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/30.jpg)
![Page 31: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/31.jpg)
Predict Rather Than React
Source:#Neota#Logic#
![Page 32: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/32.jpg)
Neota Logic’s Family & Medical Leave Robot
• Rules: – Family Medical Leave Act – State Law
• Factual Variations: 15m • Questions Asked: 16-25 • Time: 2-6 minutes
User: Corporate Managers
Source:#Neota#Logic#
![Page 33: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/33.jpg)
Neota Logic’s EU Collateral Directive Robot
• Rules: – 21 jurisdictions – 93 types of financial
obligations – 10 forms of agreement – 4 types of collateral – 11 types of counterparties – 16 types of financial
institutions • Factual Variations: 13m • Questions Asked: 8-12 • Time: 1 minute
User: Lawyers
Source:#Neota#Logic#
![Page 34: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/34.jpg)
Using Robots Saves Firms Money
Embracing technology has reduced the costs of producing bound volumes by 60% and time to dispatch by 80%.
Source:#Applying#Con;nuous#Improvement#to#highJend#legal#services,#Clifford#Chance#2014#
![Page 35: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/35.jpg)
POST-INVASION
![Page 36: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/36.jpg)
It is cheaper to program a computer than to hire a lawyer
![Page 37: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/37.jpg)
Because of this, many changes are happening
in the legal sphere
![Page 38: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/38.jpg)
Reduced Territory
Since 2010, more than 20 law firms in Washington, DC have reduced their office space. • Contracted 270,000 Square Feet • Backend operations moved out of town
Source:#Washington#Post,#March#11,#2014#
![Page 39: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/39.jpg)
Reduced Population
Applications to law school have dropped 20% since 2008 Of those students completing law school in 2012, only 56% had long-term, full-time jobs that required Bar passage – i.e. lawyers Law firms are shedding non-professional staff
Source:#American#Bar#Assoc.#Sec;on#of#Legal#Educa;on#2012#Law#Graduate#Employment#Data#
![Page 40: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/40.jpg)
Reduced Trade
• Business steering work away from law firms – In-house legal departments hiring technology
vendors over law firms for discovery
• Consumers unable to afford traditional legal services – Average person must work 7-10 hours to pay for
1 hour of lawyer’s time
Source:#Gartner#Legal#IT#2020#Scenario###
![Page 41: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/41.jpg)
CONCLUSION
![Page 42: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/42.jpg)
Robots will not replace Lawyers
Robots WILL do the work of many traditional lawyer duties, like e-discovery & compliance, taking some business and driving efficiencies Law firms that embrace robot colleagues will have a competitive advantage Lawyers that can build robots will be in demand
![Page 44: What Happens When Robots Join Law Firms](https://reader033.fdocuments.us/reader033/viewer/2022042821/55d4fa56bb61eb764c8b456a/html5/thumbnails/44.jpg)
Image#by#Richard#Stevens,#creator#of#Diesel#Swee;es,#used#without#permission.##