Very thought-provoking article for legal service provider leaders.

Thank you #Artificial Lawyer for sharing and #Alex Woods and #Jane Stewart of #Slaughter and May for allowing to be published.

I particularly liked the quote from Jane as Head of Innovation, when she said "Part of my job is to find uses for AI technology. And wherever you have data you can see patterns inside it".

The key takeaways being that the more data you have in your own systems and (small note of caution) the more data to which you have unrestricted access rights to harvest for any intelligence, the greater the number of patterns can you find. And the greater the number of patterns can you find, the greater the chances of finding new revenue streams or replacing other revenue streams.

This may suggest the bigger the firm, the bigger the chances of success in using AI, in that the firm may need a minimum level of data to mine to find any utility from it. But regardless of the quantum of data available to be mined, the objective will be finding enough patterns to make revenue or reduce costs or both.

As a bi-product, a nice little 2 x 2 model also emerges from the quotations from Jane and Alex covering Data (mining of various types and system sources), Collaboration (with clients to find use cases and, therefore, a real business problem to solve and be paid for), Training (of lawyers and other users) and Governance (to ensure quality in quality out).