Technology transforms the legal industry
Generative artificial intelligence (GenAI) has immense potential to bring about greater automation in the global legal technology sector. This was reported by IANS, a partner of TV BRICS.
A source claims that the use of cutting-edge technologies for contract lifecycle management, legal matter management, e-billing, expenditure management, and legal document management has significantly increased.
According to reports, incorporating GenAI within these domains will only quicken acceptance and purchase.
Legal technology use cases are expected to rise quickly as a result of the widespread availability of consumer products like ChatGPT and Bard, according to experts. Globally, lawyers must also be aware of the risks and restrictions associated with adopting GenAI in addition to its promise.
Though there is considerable risk associated with automating certain company operations, legal department managers may encounter challenging inquiries from upper management if they do not recognise the potential of automation in the legal department.
The way legal organisations operate could be drastically altered by new technologies; this transition is quickly approaching. The field of law is conservative. Compared to other goods and services markets, this one has a slightly slower pace of technological advancement. However, since progress is unstoppable, it is up to humanity to advance artificial intelligence for the good of civilisation.
Photo: iStock
-
![]()
Technology23.08.26Belarus develops activated carbon technology using wood waste -
![]()
Technology22.08.26China advances rollable solar wings technology for next-generation satellites -
![]()
Technology21.08.26Russian scientists improve neural network’s ability to engage in more natural dialogue -
![]()
Technology21.08.26Indonesia to become one of leading producers of biogas from palm oil waste -
![]()
Technology21.08.26Ethiopia and Russia strengthen AI cooperation under BRICS development agenda -
![]()
Technology21.08.26Tehran University researchers develop greener method to detect hazardous urban pollutants
-
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
