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Singapore’s Legal Industry Embraces AI to Enhance Operational Efficiency

Altszn.com by Altszn.com
November 21, 2023
in Metaverse, Web3
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Singapore’s Legal Industry Embraces AI to Enhance Operational Efficiency
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by Alisa Davidson

Published: November 21, 2023 at 11:01 am Updated: November 21, 2023 at 11:01 am

by Victor Dey

Edited and fact-checked:
November 21, 2023 at 11:01 am

To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.

In Brief

Singapore’s legal sector is progressively adopting artificial intelligence to enhance its services, primarily to improve efficiency and meet the changing needs of clients.

Singapore's Legal Industry Embraces AI to Enhance Operational Efficiency

Singapore’s legal sector is progressively adopting artificial intelligence to enhance its services to improve efficiency and meet the changing needs of clients.

According to Edric Pan, Deputy Managing Partner at Dentons Rodyk & Davidson LLP, the integration of AI presents both a challenge and an opportunity for the legal industry. The goal is to meet the demand for faster and more comprehensive legal services while maintaining high quality.

Edric revealed that his company is actively incorporating AI to automate time-consuming tasks traditionally handled by lawyers, including document review, due diligence, and basic legal research.

The utilization of AI in the discovery processes of litigation and fundamental legal research enables lawyers to allocate more time to sophisticated legal tasks, including deal structuring, strategizing, providing legal advice, court advocacy, and other forms of high-value work.

Singapore Legal Sector Tests AI in Courts

Advanced AI tools empower attorneys to extract meaningful insights from extensive datasets, allowing them to concentrate on specific information. This not only enhances their efficiency and strategic approach but also enables them to provide greater value to their clients.

Recently, the city revealed the testing of generative AI for use in Singapore Courts in agreement with American start up Harvey AI, employing artificial intelligence to assist individuals with their claims or defence. The tool, based on OpenAI’s GPT model is used to responded to queries based on pre-loaded data.

The courts are testing the use of generative AI in the small claims tribunal, which handles approximately 10,000 cases annually. There are plans to extend its application to other areas, such as divorce maintenance and civil claims.

This development is part of a broader initiative within the Singapore legal sector to drive innovation. Apart from that, Singapore established experimental sites where individuals can pose questions to chatbots regarding neighbor disputes, crime cases, wills, and more.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and engagement with scientific writing.

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Alisa Davidson



Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and engagement with scientific writing.



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Read More: mpost.io

Tags: efficiencyembracesEnhanceIndustryLegalMetaverseoperationalSingapores
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