Adapting to Survive: The Evolution of the Legal Industry in the Era of Artificial Intelligence
As Charles Darwin once said: “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change”.
This quote has become increasingly relevant in thoday’s rapidly evolving world, especially in the legal industry. A couple of days ago, a Goldman Sachs report stated that generative AI could automate 44% of legal tasks in the U.S. Unfortunately, the report only covered the U.S. and Europe. However, in regards to Latin American countries such as Brazil and Mexico, which have relatively large legal sectors and could potentially benefit from automation technologies in areas such as document management, legal research, and contract review, may be impacted. Therefore, it could be reasonable to assume that the percentage of legal tasks that could be automated in these countries could be similar to or slightly lower than the 44% reported for the United States.
