AI AND THE LEGAL FRONTIER: BALANCING INNOVATION AND CHALLENGES IN THE AGE OF ARTIFICIAL INTELLIGENCE
AI AND THE LEGAL FRONTIER: BALANCING INNOVATION AND CHALLENGES IN THE AGE OF ARTIFICIAL INTELLIGENCE Md. Jewel Ali, LLM Student at Department of Law, Aliah University, Kolkata Download Manuscript doi.org/10.70183/lijdlr.2024.v02.30 Artificial intelligence (AI) is revolutionizing the legal profession, bringing significant benefits in efficiency, cost reduction, and access to justice, while also introducing challenges related to employment, legal accountability, and data privacy. AI-powered tools are automating the tasks like legal research, document review, and contract analysis, allowing lawyers to perform these duties faster and more accurately. This automation, however, raises concerns about the future of entry-level legal jobs, as junior lawyers and paralegals traditionally handle much of such labor-intensive work. As AI takes over these tasks, fewer entry-level positions may be required, forcing law firms to reconsider traditional billable-hour models and adapt to a new pricing structure. At the same time, AI is creating new opportunities within the legal field. Lawyers who can manage AI technologies, interpret AI-driven insights, and integrate these tools into legal practice will be in high demand. The profession is likely to see new roles emerge, including AI ethics advisors and legal technologists, reflecting the growing need for expertise in the intersection of law and technology. In conclusion, AI offers transformative potential for the legal profession, streamlining processes, and enhancing access to justice, but it also presents ethical, legal, and practical challenges. Legal professionals who can harness the power of AI while ensuring compliance with legal standards and ethical guidelines will thrive in this new era. However, regulatory frameworks must evolve to adequately address the unique risks posed by AI, ensuring that its benefits are realized without compromising fairness, transparency, or accountability in the legal system. Type Information Research Paper LawFoyer International Journal of Doctrinal Legal Research, Volume II, Issue III, Page 503-526. Creative Commons Copyright This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. Copyright © LIJDLR 2024