It’s time to weaponize knowledge management. A client may not buy your law firm’s services but why not sell them your knowledge product? A question many law firms need to consider, soon.
How deep do you think will be the inroads of technology in the industry? They will be profound. Look at how technology has affected medicine, for example, as well as other professions and industries. Law is just behind presently.
#BakersDozen is a series of interviews with leading professionals in the fields of law, consulting, finance, tech, and more.
The infusion of natural language processing and machine learning into the legal profession will allow lawyers to serve more customers in the same hour than they ever thought possible. As the technology improves, so will the quality of legal services, while the cost and speed will drop. More customers – business and consumers – will have affordable access to legal support. Lawyers who build A.I.-enabled service products will benefit professionally and economically in ways they did not know were possible.