Law firms and legal departments are facing an ever-increasing workload, which negatively impacts both productivity and the quality of the work they perform. The growing demand for legal services, the complexity of cases, and the pressure to meet deadlines leads professionals in the sector to look for innovative solutions that can optimize their time and resources. In this context, artificial intelligence (AI) tools, especially Large Language Models (LLM), are becoming fundamental allies to reduce workload, increase efficiency, and improve the quality of legal work.
The struggle to maintain the quality and accuracy of legal work
Lawyers today face a considerable challenge: the increasing demand for legal services and the need to maintain high levels of accuracy, all while meeting tight deadlines. This scenario can affect both productivity and the quality of the work performed, generating higher costs for law firms and legal departments. Many law firms are forced to hire external talent to reduce their workload, which in turn increases operational costs.
A recent study by Axiom and Wakefield Research, which surveyed 200 lawyers, revealed a revealing statistic: 61% of lawyers are expected to see a budget increase by 2025, with the key areas of investment being technology and external legal resources. Of the total budget, 44% will be allocated to technology, highlighting the importance of automation and AI-based tools to improve efficiency.
AI and LLM: Efficient solutions for lawyers
Among the main areas of investment in technology, lawyers highlighted:
- AI-powered virtual legal assistants (35%)
- AI-powered predictive analytics tools (27%)
- AI-powered contract review (26%)
These technologies, mostly based on LLM, are instrumental in helping lawyers reduce their workload and improve productivity. Large Language Models are advanced tools that can process large volumes of text, identify patterns, and make recommendations based on data analysis. This allows lawyers to delegate repetitive tasks and focus on more critical aspects of their work, such as strategy and decision-making.
Advantages of using LLMs in the legal sector:
- Reduced processing time:
LLMs are able to review, analyze, and generate legal documents with great accuracy and speed. This significantly reduces the time lawyers need to spend on tedious tasks such as reviewing contracts, drafting legal documents, or searching for case law.
- Improved accuracy and quality of work:
AI models allow professionals to reduce human errors that often arise when handling large amounts of information. Tools such as virtual legal assistants can offer accurate predictive analysis, helping to foresee potential risks and offering suggestions based on historical data analysis.
- Saving financial resources:
As law firms face higher workloads, many are forced to invest heavily in external talent. By using AI-based tools, law firms can save costs by automating tasks that would otherwise require more staff.
- Improved efficiency and productivity:
The ability to process large volumes of data quickly allows lawyers to increase their productivity, spending less time on routine tasks and more time on high-value activities that require their expertise.
Nymiz’s role in data protection in the legal sector
The growing reliance on LLMs and other AI tools in the legal sector also poses new challenges in terms of data privacy and regulatory compliance. Data anonymization has become essential to be able to use large volumes of information without compromising clients’ privacy and to ensure compliance with regulations such as the GDPR, CCPA or HIPAA.
This is where Nymiz comes into play. Their specialized data anonymization software enables law firms to automate the anonymization process, ensuring that sensitive data remains protected and can be safely used by AI-powered tools such as LLMs. This not only reduces the time required to process sensitive data, but also ensures that law firms can use advanced technologies without breaching data protection regulations.
Conclusion
The safe use of LLMs in the legal sector not only reduces the risk of data loss, but also reduces the risk of data loss.
As law firms continue to face pressure to deliver more in less time, AI-based tools are proving to be a valuable investment. Furthermore, using technologies such as Nymiz to ensure data protection is essential for law firms to be able to harness the potential of AI in a secure manner and in compliance with international privacy regulations.
By automating data anonymisation, Nymiz not only enables law firms to use LLMs securely, but also helps them align with key regulations such as the GDPR, ensuring they can operate efficiently and protect the privacy of their clients.
