Artificial intelligence and law – Impact on the legal sector and regulated industries

Op 20/06/2017 van 12:00u tot 14:00u

Online seminar of 20 June 2017
Speaker: Jan VAN HOECKE (RAVN Systems)

Important notice: The seminar will be presented in English. Questions can be asked in Dutch and French.

Artificial intelligence (AI) is the up-and-coming technology that people fear will wipe out a number of sectors the coming decades.  In the legal sector – law firms and activities in highly regulated industries – AI is not expected to replace the lawyer. Nevertheless AI will transform the sector profoundly in the coming 5 to 10 years. Experts see AI as a powerful machine that will allow lawyers to provide better services at a lower cost.

AI will impact both law firms and regulated industries (banking, insurance, pharma,…). International law firms currently are building, testing and launching their first generation AI services. This will change law firms’ pricing, profitability, size, recruitment policy and ability to win new business . The highly regulated industries will purchase new services and have different expectations.

Jan VAN HOECKE moved 6 years ago to the City and co-founded RAVN. This start-up develops software that automatically organises, discovers content from and extracts value from contracts using AI on certain legal issues. Jan is responsible for the product portfolio development and long-term technology vision for the company. He is also in charge of the development and research teams at RAVN, and leads the design and engineering of RAVN’s innovative products. RAVN has 45 employees, a turnover of over 5 million euros and provides services to a diversified clientele such as DLA Piper, BT, Taylor Wessing,…

During the seminar following topics will be addressed:

  • What is the current state of affairs in legal AI?
  • Which AI developments are to be expected in the coming 1, 3 and 5 years?
  • Are there off-the-shelf products available for the legal sector or is everything tailor-made?
  • How are datasets built, maintained and modified?
  • The use of internal and/or external data by a law firm?
  • Conflicts between AI, privacy and confidentiality?
  • What impact is to be expected on the size and recruitment policy of law firms?
  • Which pricing models will be used for legal services in the future?
  • Is there currently deep learning or machine learning taking place?
  • What languages are currently covered?  
  • Demo of the RAVN technology relevant for lawyers;
  • A case study