The potential of AI for legal teams
What you need to know about AI and the future of legal tech:
- Law firms and legal teams are turning to AI to increase productivity and efficiency as they deal with a more complex regulatory landscape
- Language AI enables lawyers to operate with far greater efficiency internationally, applying their expertise everywhere their clients operate
- As the industry adopts AI for legal work, it will set new standards on GDPR, encryption, data privacy, and intellectual property
The legal profession has a reputation for caution and conservatism, and with good reason. Its role is to prioritize the fine print, catching what others often miss in the rush to leverage new technologies, open up new opportunities, or develop new ideas.
Lawyers have an eye for both the crucial detail and the wider context. That’s why legal expertise is so valued. It’s also why the industry’s approach to adopting Artificial Intelligence (AI) for legal work will be particularly interesting—and particularly influential.
What AI can do for law firms and legal teams
DeepL’s white paper, AI communication and the future of legal tech, explores how and why legal teams are adopting AI, which AI technologies are most valuable for legal teams, and what the implications of AI will be for both lawyers and their clients. The paper delves into:
- Why 51% of lawyers are already using AI, and why 84% are putting their faith in the technology to increase productivity
- How AI-powered translation tools enable lawyers to operate in a global marketplace, with forward-thinking firms able to apply legal expertise internationally through Language AI
- How the legal profession’s approach to GDPR, encryption, data privacy, and intellectual property rights will help set wider standards in the use of AI
Language AI helps lawyers operate internationally
AI creates demand for new forms of international legal advice, as clients try to navigate changing global regulations and ethical standards, and manage the risks of defamation suits, copyright issues, and cybercriminal attacks.
Regulation of AI technologies is becoming international as well. Tackling the issues that AI raises requires legal teams to operate across jurisdictions and languages. They need tools to help them apply their expertise wherever it’s required.
The best AI tools for legal professionals
Through translation, knowledge management systems, contract analysis, and document generation, AI is helping lawyers to cope with both increased demand and a more complex international legal landscape.
At the same time, legal teams are taking the lead on the responsible application of emerging AI technologies. Firms are determined to set the highest standards in areas such as privacy, security, and intellectual property, and establish a model for their own clients to follow.
“Previously, law firms were limited to their skill set and language within their home jurisdiction,” says Dr. Axel Frhr. von dem Bussche, a partner at global law firm Taylor Wessing. “Increasingly, we are seeing global laws such as GDPR. This is changing competition within the legal profession fundamentally, which brings with it opportunities as well as threats. It’s a big opportunity if you’re good, but it’s a threat if you’re slow.”
AI regulatory compliance: what does it mean for legal teams?
Advising enterprise organizations on how to apply AI is a rapidly expanding field for legal professionals. It demands a solid understanding of data governance and intellectual property regulations at a local and international level. DeepL’s Language AI excels in grasping the nuances and technical language of legal translations. With it, lawyers can provide accurate advice in over 30 languages.
For legal teams using AI, maintaining compliance with the strictest data privacy standards is crucial. Their ability to credibly advise clients hinges on aligning with international regulations such as GDPR, ISO 27001, and SOC 2 Type II.
As an EU-based company, DeepL adheres to all GDPR regulations regarding data protection, privacy, and transfer. As Dr. von dem Bussche puts it, DeepL enables legal professionals to benefit from, “the EU gold standards” of data protection.
For AI communication and the future of legal tech, DeepL has interviewed leading international lawyers and collated the latest data on firms’ adoption of AI. The result is an in-depth exploration of how AI is reshaping the global marketplace for legal teams—and how legal teams, in turn, are helping to shape the future of AI. It’s essential reading for anyone who wants to stay ahead of the future of legal tech.
Read the white paper in full to explore how law teams are transforming productivity with AI.