This article provides insights into how adoption of AI in legal field will bring about a drastic change in the functioning of the legal field, its advantage in the field, and the various applications used by the lawyers to carry out whichever work is required to be done in the legal field.

Real estate transactions carry the reputation of being conservative and time consuming, however, contract management tools, e-signatures, smart contracts, etc. are currently reshaping the way real estate transactions are processed.

Real estate is the world’s largest and most important asset class. The real estate transaction process is very time consuming and mostly manual. This sector has been really slow in the adoption of technology. That needs to change.

Those lawyers not adopting legal technology could ultimately miss out on 'a very, very unfair advantage'.

As new tools are made, what will soon separate success from failure is the ability to use these tools in a fast and effective way.

AI has made its own niche in optimizing an attorney’s work. This paradigm-shift, though immensely advantageous, has led to certain gaps in the implication of professional ethics

Looking at history, the legal sector has taken more time than other sectors, on average, to adopt new technologies.

COVID-19 has forced essentially every industry, including law, to digitalize. Although the resistance to innovation of this sector is strong, the situation is changing.

Inside the article, all the major advancements that have contributed to the further digitalization of the legal profession.

Five ways to scale operations.

Research shows that inefficient contracting causes firms to lose between 5% to 40% of the value on a given deal.

SpeedLegal allows legal and business operators to understand contracts at scale in minutes rather than hours.

Natural Language Processing and Computer Vision will transform the document review landscape.