Law firms are always striving to find new ways to set themselves apart from their competition in an effort to both attract and retain the best talent. The next key to achieve this end may be artificial intelligence. Switch
Lawyers today value job satisfaction and a healthy work-life balance over their salary. This priority is causing dilemmas for many top firms, which already face issues retaining talent because of the high rate of legal burnout due to the long work hours and high stress that come with the profession. One reason for this burnout could be the ever-growing volume of documents that young lawyers are asked to sift through. These documents have grown over the years both in complexity and volume, making young lawyers’ jobs much more burdensome.
In order to set themselves apart, providing AI as a legal service could help attorneys quickly review large numbers of documents at a much quicker pace. This service could lead to an increase in job satisfaction and promote a healthy work-life balance by reducing working hours and allowing lawyers to spend time on more rewarding work. Additionally, on top of happier employees, clients would also be happier because they would not be billed as many hours due to the efficiency that AI can provide law firms.
Law schools have the opportunity to play a key role in the switch to using AI in the legal profession. Law schools could increase their national rankings by producing tech savvy graduates, who can stand out in the competitive legal job market as AI services become the norm. Could the switch to AI be as monumental as people switching from typewriters to computers? We will have to wait and see.
Read the full article from Bloomberg Law here.
