Artificial intelligence offers an additional layer of protection and gives operators greater flexibility

Companies expect their in-house legal departments will do more work today with less resources. One of the biggest problems facing departments is funding for technology and personnel. Artificial intelligence (AI) should be used in law, particularly in legal operations. This concept is already gaining popularity in the iGaming sector.

AI increases productivity by decreasing the time spent doing tedious manual work. This frees up resources for more important tasks. AI is designed to reduce the amount of work required without sacrificing quality. However, legal AI — and other mainstream AI such as voice-powered personal assistants or autocorrect — can improve processes based upon predefined rules. We are not yet at a point where AI can replace humans.

Contract automation AI flags contracts missing key clauses that iGaming operators predefine, and replaces vague language with preapproved clauses. It also looks for risk factors within contracts, amongst other functions.

The top challenge for providing value is being buried in low-value tasks, according to research. Low-value work is also a category that is among the most difficult tasks for departments in contract administration.

The area of AI known as supervised machine learning learns from human examples. The rules of the supervised machine-learning algorithm are built using inputs and results (also called training data) from a human supervisor. While there are many uses for supervised machine learning in law, it is particularly useful for legal operations. With supervised machine learning, companies can create documents using AI-assisted templates rather than manually creating them.

An AI algorithm can be trained to search for certain attributes, such as practice areas. The required fields will then automatically be filled. You can, for example, preconfigure an AI document-creation tool using your manual actions to extract data such as dates worked and total costs from your spend management tool in order to create new matter.