While cutting edge technologies like blockchain and artificial intelligence often dominate the legal tech discussion, these ground breaking technologies are not the only technologies an attorney can put to use in a law firm.
One area where technology and the practice of law intersect is the area of online training resources. Unfortunately, these resources are often overlooked by legal consulting firms and technology consulting firms.
Competent lawyers must strive to understand the potential benefits and risks of relevant technology. Increasingly, practicing attorneys are ethically required to understand technology to meet competency standards. This requirement is ongoing and evolves with technological advancements.
New technologies, like cloud based services, present lawyers with both opportunity and potential danger. Unlike some business people, attorneys owe unique duties to their clients, and are governed by a special set of professional rules of conduct. One important duty attorneys owe their clients is confidentiality.
Artificial intelligence is changing the way law firms operate. Recent breakthroughs in a type of artificial intelligence, called "narrow" or "weak" AI, make it possible for law firms to increase efficiency while lowering costs. Attorneys need to embrace artificial intelligence and incorporate AI based technology into their firm’s daily operations. Firms that refuse to learn about and integrate the benefits of artificial intelligence technology risk falling behind competitors who are already using this technology to augment company performance.