As part of our new series on artificial intelligence, our video explores the challenges and opportunities on AI in international arbitration. We discuss the integration and adoption of AI in this field. AI tools are increasingly being used in all stages of international arbitration proceedings, showcasing significant transformative potential. These tools can quickly review and categorize vast amounts of documents, making it easier to identify relevant evidence, thereby reducing the time and cost associated with document review. For instance, generative AI tools, trained on large datasets, excel in natural language processing, enabling them to efficiently search, compare, and summarize large volumes of text, images, and scanned documents. Platforms like Relativity streamline the review and disclosure process, enhancing accuracy and reducing the workload for lawyers.

AI is also making strides in international arbitration procedures and case management, which are often time-consuming and costly. Automated case management systems are emerging, automating tasks like tracking deadlines and managing procedural tasks, which can save significant costs and avoid delays. AI is also being used for automatic recording and transcription of procedural meetings, providing summaries, identifying issues, and reviewing previous transcripts. Another application is AI-assisted drafting of procedural correspondence, which, though not widely used yet, has the potential to save time and effort by summarizing trends and drafting letters and emails.

Finally, predictive legal analysis is an exciting application of AI in international arbitration. By analyzing historical data, AI can predict case outcomes and uncover patterns of behavior, helping attorneys understand the strengths and weaknesses of their cases. This tool can enhance strategic decision-making in arbitration, despite the limitations and need for safeguards regarding safety, privacy, and confidentiality. Understanding and effectively using these AI tools will differentiate professionals who can leverage them to better serve clients. AI is here to stay, and its responsible and effective use will be crucial in the future of legal practice. You can watch the video in its entirety at Reed Smith.

Co-authored with Niyati Ahuja.