At a Critical Juncture: Law Firms Gain Market Share by Leveraging AI in eDiscovery

Epiq
Contact

Epiq

[author: Richard Pachella]

As the use of AI becomes commonplace, legal teams face increased pressure to make workflows faster, leaner, and more cost-effective. The strategic use of AI is now imperative to maintaining a competitive advantage. eDiscovery offers that competitive edge; while previously AI helped in the margins by reducing costs and time for significant matters, new AI innovations position forward-thinking law firms ahead of their peers in nearly every matter.

The Weight of Traditional eDiscovery Workflows

Traditional eDiscovery workflows are straining under the weight of modern legal demands. The growth in the volume and complexity of data and data types overwhelms outdated systems, leading to high overhead, inflated client bills, and delayed case progress. Despite improving error-prone manual processes, outdated eDiscovery systems are now significantly behind more innovative solutions with built-in AI capabilities.

AI in eDiscovery: From Burden to Strategic Advantage

Conversational AI introduces a new frontier for eDiscovery, allowing users to interrogate data, validate claims, and pinpoint key documents using natural language and do so more quickly and accurately than humans alone could or have. Automated redaction safeguards sensitive material effortlessly, while advanced capabilities such as language translation, entity recognition, and sentiment analysis unlock deeper insight into context and intent. With the advent of agentic AI, these tools can collaborate to shift eDiscovery from reactive to proactive, enhancing efficiency, accuracy, and legal impact.

Law firms that leverage advanced eDiscovery tools find a review time cut by 80%, an increase in profitability per case with reduced billable hours, minimal human error, and faster timelines, which produce higher client satisfaction. Firms implementing these advanced technologies take on more complex matters without scaling headcount and still provide reasonable pricing to their clients.

Gaining Market Share Through Innovation

In today’s market, law firms that adopt a mindset to innovate and embrace technology are set apart. Legal teams have long depended on traditional document review processes that require extensive manual review and allow critical information to go unnoticed. With the support of AI automation, clients find reduced hours spent on manual document review, combined with richer data sets and improved overall efficiency. Technology-forward teams sharpen their competitive edge, attracting clients as workflows are streamlined to reduce cost and time invested in document review. Firms that invest in improving legacy workflows win more wallet share from corporations looking to reduce their legal burden. This enhanced service delivery wins new business, strengthens client retention, and expands high-value work among key accounts. By winning more wallet share, firms fill that hour gap. However, unlike in the past, when hours were filled with document review, they are now filled with more meaningful and high-value work, increasing retention with corporate clients.

Combatting Barriers to Adoption

To combat a skeptical AI mindset, it is critical to highlight the auditability of these tools while ensuring that AI usage complies with legal ethics and privacy laws. While many are also concerned with AI replacing jobs, these tools augment, not replace, legal professionals. The human element in collaborating with AI remains a critical component of the legal process. Teams should be prepared to invest in onboarding, pilot programs, and internal education practices to equip employees to partner with AI.

Practical Steps to Begin Implementation

Making the leap to deploy eDiscovery tools doesn’t require a radical overhaul. Implementation begins with practical, deliberate steps. Begin by identifying inefficiencies in current workflows to uncover where AI can offer immediate value. Adopting targeted use cases, such as validating existing work product from prior matters, allows teams to test tools without disruption. Partnering with trusted service providers ensures access to defensible tools with extensive training and hands-on support. By combining AI with human judgment, firms can keep teams informed and engaged, ensuring transparency every step of the way. Finally, identifying and tracking the intended outcomes for AI usage (e.g., time savings, cost reduction, case performance) builds a compelling business case for broader implementation. It is one thing for your processes to be more efficient. It’s another to demonstrate it. Firms need to think strategically to demonstrate the value they are bringing to clients by using AI. Doing so will accelerate their gain in wallet and market share.

Act Now

The time to embrace AI is now. It represents a strategic investment in the future competitiveness of your organization. Firms that act swiftly stand to lead the market, positioning themselves as innovators delivering enhanced solutions that are faster, cheaper, and smarter. eDiscovery offers a clear path to start, providing a tangible proof point for clients and a springboard for growth. As the legal profession undergoes a profound transformation, those who adapt today will shape and dominate the next generation of legal service delivery.

[View source.]

Written by:

Epiq
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Epiq on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide