Technology is being used in the sector to data capture and document analysis, replacing humans in repetitive tasks
Gains in productivity, cost reduction and greater assertiveness. Artificial intelligence (AI) is benefiting several sectors. However, what is the impact of such technology in more traditional and bureaucratic areas, like legal area?
According to Luiz Carlos Corrêa, professor of Law at ESPM, AI is being used as a “virtual assistant” for legal area. “That provides agility and efficiency for data capture processes and document analysis of several sources”.
Among the gains indicated by the specialist are cost reductions, increased productivity and process quality and control. “With artificial intelligence we are not subject to errors from that human brain causes. Especially in large scale production activities.”
Target Law, consultancy that operates in legal and tax areas, is one of the companies that is investing in such technology. The company has an AI system that automatizes and accelerates processes. “My mission is to offer for major players this experience of changing from analogical system to digital”, explains the lawyer Vinícius Cintra, 35 years, founder of the company. “The only mission that the client has is to upload documents in our system. From this point on, the entire project is processed by artificial intelligence.”
One of the advantages indicated by the entrepreneur is that this way the team of analysis may focus on project management. “They stop working on manual things, to work in flow management and only interfere in case of inconsistencies”.
The professor of Law at ESPM comments that by adopting AI the organizations tend to hire less professionals for the execution of repetitive tasks. “Many companies, offices and even American banks are no longer hiring people to execute these tasks. On the other hand, they are seeking professionals with new skills and competences in this new configuration required”.
According to the founder of Tag Law, the digitalization in legal and tax areas still stumbles upon bureaucracy issues. “A document that formerly you had to sign, notarize, authenticate at Notary Office, no longer needs all of this thanks to technology. However, public agencies are still not prepared to receive these digital documents.”