The phrase “put your money where your mouth is” is taking on new meaning in law. For a while vendors, technologists and forward-thinking operational professionals have been espousing the virtues and precautions around artificial intelligence (AI) in the legal workflow for the better part of a year, as everyone from investors to the professionals charged with making good use of their money are looking at AI as the next big thing.
While still worlds away from the billions invested in financial and healthcare technology, AI is starting to attract big money from investors. Perhaps unsurprising is that some of this money is pouring in from the U.K., a stronghold for the implementation of AI in the legal workflow. Here, the AI/legal technology system is witnessing fast growth with software providers like U.K.-based RAVN Systems signing deals with international law firms. Now, U.K. angel investors Hamilton Ramsey are looking to invest on big law technology like AI as part of their January launch.
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