Artificial intelligence for law firms
Law firms hold vast volumes of information containing their learned know-how and experience, as well as client data. Lawyers must be able to leverage this experience from documents for obvious competitive and efficiency reasons, and using artificial intelligence (AI) to extract and interpret relevant information leads to further differentiation for the firm and can dramatically improve the margin on client instructions.
Firms often face tedious manual processes that can be extremely inefficient and costly, eating into precious margins — particularly in the modern era of fixed priced engagements. What’s more, these processes may carry risk due to inconsistencies and incorrect data used due to human error. In several brief sessions throughout the afternoon, learn how AI can overcome these obstacles and ensure your firm gets the most out of AI innovations.
Be sure to join us afterward for drinks and networking at The Folly!
What to expect
14.30 – 15.00 – Refreshments, Introduction and Welcome
Peter Wallqvist, the CEO of RAVN Systems, started his career in the information retrieval industry as a research engineer at BT Research at the turn of the millennium. He has since participated in the delivery of some of the largest high-profile search and unstructured data processing systems in the world, at organisations like Autonomy (now HP) and as an independent consultant. Along with equally experienced engineers, Peter co-founded RAVN Systems in 2010 to build and deliver the next generation of advanced search systems.
Tony McKenna is the Regional Head of IT at Freshfields, an ILTA international council member and the Chair of ILTA’s UK programming team. The International Legal Technology Association (ILTA) is our co-host for this event and Tony will be giving a short presentation on ILTA’s expansion plans for the UK and Europe and its ambition to create a unique peer community for the legal profession.
15.00 – 15.20 – The Smart Law Firm
In a rapidly changing legal market, firms need to react and adapt to client demands, increasing competition and disruptive technology. Learn how firms can leverage emerging technology to be more agile, responsive and deliver an outstanding client experience.
Presenter: Stuart Barr, the CSO at HighQ, leads the company’s product strategy, design and marketing. He is a technologist and designer with a diverse background in the web and social computing in the professional services industry, having previously worked at leading organisations including Freshfields Bruckhaus Deringer, Hays plc and Headshift. Stuart has a particular interest in how innovative and disruptive technology can be applied in the enterprise to transform the way we communicate, collaborate and share information.
15.20 – 15.40 – Three AI Stories To Get You Thinking
We’ll cover three stories to get you thinking about artificial intelligence and return on investment (ROI). Does AI really deliver an ROI? What kind of ROI should you expect?
Presenter: Hugh Abbott is a Practice Lead at B2E Consulting. He has 25 years of experience in IT working with a wide range of blue chip clients including Ernst & Young, UBS, Accenture and Sainsburys. Hugh now focuses on taking costs out of manual processes with two key next-gen technologies: artificial intelligence and robotic process automation.
15.40 – 16.00 – The Only Thing To Fear Is Doing Nothing: How Artificial Intelligence Can Benefit Law Firms
We will demystify the concept of artificial intelligence and its use in the corporate world. There has been a lot of hype around AI, and we want to explore the real practical applications and how it could open up new possibilities.
We’ll explain how RAVN’s technology can fast-track the review process and automate information extraction. It can even produce contract summaries of key provisions in an easy-to-review format, resulting in faster turnaround for the client and freeing up capacity for fee-earners — which, critically, enables firms to improve their margins.
Presenter: Jan Van Hoecke, the CTO at RAVN Systems, is responsible for the company’s product portfolio development and long-term technology vision. He’s in charge of the development and research teams, and leads the design and engineering of RAVN’s innovative products. Jan specialises in advanced computer architectures and artificial intelligence.
16.00 – 16.30 – Refreshments
16.30 – 17.10 – Case Studies on RAVN ACE
Wendy Miller, Partner and joint Head of Real Estate Disputes at BLP, will present on her experiences working with BLP’s Contract Robot, and how this has transformed processes within the Real Estate Disputes team.
(Additional case studies to be confirmed.)
17.10 – 17.30 – Q&A
17.30 – 20.00 – St. Patrick’s Day drinks and networking at The Folly