“To think about how far we’ve come…” I made this comment while speaking on the AI Bootcamp panel at LegalWeek in New York City last month during a discussion that focused on the future of the legal technology industry.
At the conference, I referenced the first LegalWeek show in the early 2000s when processing a gigabyte of data cost roughy $10,000-$15,000. The late ‘90s and early 2000s formed the first phase of eDiscovery we see today. Today, with cutting-edge technology at our fingertips, we’ve entered the next phase that will redefine the future of legal services.
“We’ve just had this exponential growth of data,” I told the crowd of legal tech enthusiasts. “We’re really shifting how we’re having lawyers en masse and investigators en mass label documents. And how we’re looking at email and electronic files and giving some sort of judgement.”
We’re also changing how we learn from past data, and what it means for future cases.