Artificial Intelligence (AI) represents both the biggest opportunity and potentially the greatest threat to the legal profession in history.
This is part of a bigger global revolution – where society, business and government are likely to experience more change in the next 20–30 years than in the last 500.
This large-scale disruption is being driven by the combined effects of AI and other disruptive technologies whose speed, power and capability are growing exponentially – or faster.
These technologies, which are all are fed by AI, include quantum computing, blockchain technology, the internet of things (IoT), big data, cloud services, smart cities, and human augmentation. All of these could be hundreds or thousands of times more powerful within a decade.
The resulting changes mean the total transformation of every business sector, the birth of new trillion dollar industries and a complete rethink of law, regulation, legal infrastructures, and the supporting governance systems for every activity on the planet.