The legal industry has transformed significantly over the years and will remain growing at a significant pace. As a result, various law firms worldwide are increasing their annual investments in voice technology. Voice technology gives a new face to the legal industry by providing several opportunities for market expansion, client experiences, or remote working. In addition, legal firms emphasize using voice technology to improve security, data storage, and other factors.
Why Depend on Voice Technology?
Voice recognition helps to improve the productivity of corporate legal departments and law firms by supporting the tasks listed below:
- Reduce dependency on support staff
- Minimize document turnaround and streamline documentation efforts
- Dedicate extra time to understand the demands and problems of clients
- Lower transcription expenditure
- Focus on a business that can cross a lawyer’s desk.
You can easily achieve these tasks without changing existing information systems or processes. Voice recognition technology holds language modeling to determine and differentiate within millions of human expressions that produce a language. It uses statistical models for analyzing and interpreting incoming streams of utterances.
The latest advances in voice recognition significantly improve detection accuracy, performance, and usage ease. For example, Google’s Cloud Speech-to-Text can detect 120 languages and has attained 95 percent accuracy in the English language. These types of accomplishments are creating amazing discoveries in the legal domain.
Voice Technology Empowers the Legal Work
Each legal professional uses voice technology for several purposes, depending on their responsibilities and roles, workflow adjustments, and other needs. The primary beneficiaries of voice recognition in the legal industry are:
- Attorneys or Lawyers
- Support Staff or Assistants
- Court Reporters
- Partners and Associates
- Law Students
- Legal Researchers
Voice technology in the legal domain includes the following applications:
Documents creation and management
Law firms depend on paralegals, legal secretaries, or external transcriptionists to decipher the documents like legal briefs, client memos, contracts, and deposition summaries. It will hike the administrative charges of the law firms and extend the dictate – transcribe – review – edit cycle causing customer dissatisfaction.
A lawyer can dictate the document to their system instead of manually typing it using voice recognition software. This software transcribes the dictation automatically that you can review later to check accuracy.
Contract Review Automation
In most law firms, manual contract reviews consume considerable time and resources. AI-enabled word analytics offers the ability to analyze and review documents automatically with human-like knowledge. Application of Natural Language Processing (NLP) and data capture techniques allow us to identify facts, key sections, entities, or clauses from contracts and business documents. It also enables us to determine if the agreements meet the set criteria.
Audio and Text Summarization
A lawyer cannot replace voice recognition software’s impressive and fast processing power while surfing through large data. The voice recognition and analytics tool uses machine learning models to deliver precise summaries of lengthy documents. As a result, it can be useful for incorporating large information into a short report in legal work.
Voice recognition APIs enable companies to look at call data surfacing details that empower legal professionals to care for their clients. Instead of randomly reviewing the small number of calls, lawyers use voice recognition softwares for proactive intervention.