It is naïve to assume that international arbitration will be immune. The chapter’s core hypothesis is that while AI will not replace lawyers, lawyers who use AI will replace those who do not. Notwithstanding these issues, it is important to remember that AI can still outperform many human lawyers, both in terms of accuracy and speed. If adopted in its current form, many popular AI tools would – as things now stand – be rendered non-compliant. By using AI, arbitration practitioners can potentially save time and money, reduce errors and focus on more strategic and creative aspects of their cases.

Source: The Guardian October 12, 2023 09:16 UTC