There was an experiment conducted in 2017 in London, with 100 lawyers participating in the event. The experiment involved finding accuracy in credit card irregularities in applications sent to the Finance Ombudsman. Where lawyers predicted an accuracy of 66.3%, a trained AI program achieved the accuracy of 86.6%.
Imagine a lawyer doing research for a case. Where humans may take weeks or even months to complete a particular research, AI will complete the research and provide results in a matter of seconds. Here, Artificial Intelligence will be able to perform better than experienced lawyers.Read More