By Legal Futures Associate SearchFlow
It seems to be universally agreed that AI is game-changing – and here to stay. But ask property law professionals how present AI is in their working life, and many will say that while they recognise the potential, it’s not yet a reality.
We know that factors like risk, cost and the organisation’s rate of digital adoption are often at the root of slow progress on the road to unlocking AI’s potential. Similarly, caution and the desire for incremental change rather than wholesale transformation are understandable.
But go too slow, and law firms face further risks. AI-enabled solutions help firms operate faster, more cost-efficiently and at greater volumes; lag behind and over-reliance on time-consuming manual processes can have significant knock-on effects on a firm’s billing potential, ability to grow and competitive performance. Further, with every era of technological innovation comes a raft of industry disruptors that are agile, hungry and tech-savvy enough to pick off process-led pieces of work from more cumbersome legal competitors. But the law firms that are actively using AI and driving efficiencies are better positioned to see off competition from disruptors.
The good news is that with SearchFlow, adopting AI-enabled technology comes with an accessible and realistic point of entry. AI powers our new generation of search products that offer instant and categorised insight into title risk and complexity, early in the transaction – adding value from the very start. Our newest guide, Bridging the Gap: Advancing legaltech in the next generation of conveyancing searches, introduces AI-enhanced search and highlights the success of law firms that have taken that step towards AI in action and enjoyed near-immediate business benefits across the board.
Download the guide to read more about how SearchFlow is making AI accessible and value-adding for law firms, lowering the barriers to entry and making AI in action a reality.