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by dbcurtis
3033 days ago
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Couple of thoughts. My wife was a law firm junior associate in the banking law group of a major firm during the S&L crisis. She spent a lot of time on the due diligence work involved in merging sick S&L's into each other. I suspect that if faced with a similar Augean stable, having auto-summarization and auto-triage would be a hugely beneficial. True, need for fewer junior associates since they are looking only at exception documents and otherwise tuning the "queries", for lack of a better term. But I think it would help even out the work load and the net impact is a healthier organizational structure. (That experience made her rethink her career path, she ended up in corporate practice doing software licensing.) In the area of patent law, claims have a very regular structure and I think their analysis would yield to analysis given the current state of machine learning. Given the stakes involved, it seems to me that automated claims checking and claims analysis would help everyone. Patent firms could produced better work product in less time. There is no great surplus of patent attorneys, and given the time and cost constraints, many companies pursuing patents tend to establish a budget and attack patents in priority order until the budget is gone. I don't think patent firms will end up billing any less in total, but simply bill the same for more patents each completed for less money. As a small-time inventor, this would be good, because if you only want one patent, you see your costs reduced. |
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