Early adoption of new technologies no longer a smart practice, but an absolute necessity
This article was provided by LEAP
The legal profession is ever evolving, and early adoption of new technologies has gone from a smart practice to an absolute necessity. Artificial intelligence [AI] is the latest emerging technology that is making an impact in the way we work and actively redefining how we conduct business in the legal sector.
Historically, producing legal documents has been a labour-intensive task prone to mistakes and inefficiencies, compounded by human error, inconsistencies, and repetitive work. With AI-driven document generation technologies, however, these issues can be mitigated or eliminated entirely. AI technologies utilize advanced machine learning algorithms, natural language processing (NLP), and automation to optimize the document drafting process—allowing documents to be drafted quickly with high precision and accuracy.
LEAP’s integration of AI capabilities into its legal practice productivity solution are having a profound impact in the legal sector; LEAP’s AI algorithms act as virtual assistants by scanning documents for potential errors, inconsistencies, and compliance issues. Whether it's identifying conflicting clauses, mitigating contractual risks or ensuring adherence to regulatory requirements, LEAP’s AI solutions provide invaluable support to legal teams—allowing users to collaborate seamlessly, access, edit, and review documents with real-time tracking of changes, version control, and secure communication features which further enhance productivity and transparency within the firm.
Integration, however, is the key in harnessing the full potential of AI in document drafting, says Malcolm Muthulingum, CEO of LEAP Canada.
Unlike standalone legal AI that requires switching between programs, integrated AI resides within LEAP. This means you can access powerful AI functionalities without ever leaving your familiar workspace, saving you valuable time and minimizing disruptions from context switching.
“With integrated legal AI, you can leverage AI features instantaneously,” Malcolm continues. “There's no need to upload or download documents, navigate separate interfaces or wait for external programs to load. This allows you to seamlessly get the most out of AI's capabilities within your existing workflow.”
According to Malcolm, in Canada, a best-of-breed AI-powered platform needs to seamlessly integrate with legal software and systems, including case management solutions, electronic signature platforms, and document management systems. This must-have interoperability will ensure a cohesive workflow, enabling lawyers to manage the entire document lifecycle—from drafting to execution—within a single, unified ecosystem.
Since early 2024, LEAP has launched two AI solutions: LawY and Matter AI; and soon, a new feature called “Generator” will be released. Generator AI is poised to accelerate the document generation process for LEAP clients, enabling lawyers to draft new precedents and documents based on their existing documents from similar matters. With the introduction of Generator, LEAP plans to bolster client service efficiency and delivery to the next level.
In the words of Ankit Sharma, Director of Product at LEAP Legal Software Canada, “Generator is a next-level drafting assistant tool, a total game-changer. The AI tools and features that we are launching will empower lawyers to tailor documents to exact specifications for their clients' needs, while dynamically adjusting language, clauses, and formatting to suit individual client needs.”
LEAP Generator is scheduled for release in August 2024.
