WINSTON-SALEM, N.C.—Artificial intelligence is changing the way law firms do business and serve clients. Innovative firms such as Womble Bond Dickinson already are employing AI to improve outcomes for clients and handle routine, repetitive tasks, freeing up attorneys and staff to focus on higher-level client service.
Womble Bond Dickinson Chief Knowledge Officer Bill Koch recently discussed the AI trend—and how Womble Bond Dickinson is employing this new technology—with the Triad Business Journal.
“We’re basically scanning contracts for our clients for provisions that are most meaningful to them,” Koch tells the Triad Business Journal. “A lot of times in these situations, we’ll get in hundreds, maybe even thousands of contracts, and our clients are looking to understand certain provisions, maybe indemnity or change in control. The machines pull out those key provisions, and allow our lawyers to really focus on those provisions and make recommendations. It’s really an efficiency thing. It’s doing that upfront stuff for you, so you can focus on the more substantive things.”
Koch’s comments were published days after he also took part in a panel discussion on AI at the International Legal Technology Association ’s ILTACON conference. Koch was among the speakers at ILTACon’s “Where is Artificial Intelligence Making a Big Difference?” session.
That session received coverage in both Law360 and Artificial Lawyer.
Leveraging innovative technology has always been at the forefront of Womble Bond Dickinson’s commitment to client service. The firm adopted Kira into 2017 following investment the prior year in Ross Intelligence, another AI platform. These efforts are spearheaded by the firm’s Innovation Board, a team of attorneys and staff members charged with inspiring, leading and modeling a culture of innovation at the firm.
Click here to read “The Automated Attorney: How Artiﬁcial Intelligence is Revolutionizing the Practice of Law” in the Triad Business Journal (subscription required)