Against the context of Industrial Revolution 4.0, the legal industry is being disrupted by data analytics and artificial intelligence (“AI”). Legal analytics and AI-driven applications in the law is transforming the nature of legal service delivery across the US, Europe, Australia and now in Singapore. New forms of analytics-driven legal services have emerged in emerging areas such as judicial analytics, compliance and enforcement analytics. Just as IBM’s Watson has disrupted the banking and healthcare industries, Ross the so-called “AI lawyer” has emerged. How will all these affect legal professionals in the future? In this program, students will learn recent developments in the legal technology landscape and analyse the impact of data analytics and AI in both legal practice as well as in corporate legal departments. The program will cover (i) the rise of contract analytics in the review of transactional documents (ii) regulatory analytics in the context of compliance (iii) judicial analytics or court analytics; and (iv) analytics tools for in house legal team that could optimize external counsel resource allocation, cost management and internal productivity. The program will peek into the future where robo-advisory services are likely to creep into the legal advisory universe through the deployment of algorithmic thinking, unsupervised machine learning, advanced analytics and predictive coding. Students will learn how to manage emerging liability issues in the development of these cutting edge technologies. How will these developments affect the role of inhouse counsels and the role of lawyering in the future economy? This course will lay the foundation for lawyering in the technology driven future economy.
Note: There are no pre-requisites to attend this course and no technical background is required.
This elective aims to provide course participants with knowledge of:
Learning outcomes: On completion of this elective, students will:
Skills outcomes: The course participants will: