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The Lord Chief Justice has called the ability of computers to use big data to predict outcomes “one of the most exciting developments of the age” and forecast the technology would be used to prevent litigation and promote settlements. In the long run, he anticipated that AI would reduce the number of disputes reaching trial.

A typical law firm in the future will accommodate a new generation of disruptive technologies, such as virtual assistants, machine learning and automation, but legal services must not lose their human touch, a major Law Society report on technological innovation has urged.

Free2Convey, the conveyancing portal designed as a free rival to the Law Society’s failed portal Veyo, is to relaunch itself to conveyancers, estate agents and the public “within weeks”, it has emerged. Matt Lancaster, who has led work on the portal, said he hoped it would be used by most conveyancing firms by the end of this year.

The spread of virtual assistants will not remove the need for lawyers but it will reduce their number, the chief executive of Riverview Law has predicted. Karl Chapman said he was “amazed” by the number of lawyers doing things they did not need to do.

Law firms that fail to prepare for change are likely to become “no longer sustainable” beyond a “tipping point” around the year 2020, a report by accountants Deloitte has predicted. It said fewer “traditional lawyers” would be needed in the future, but there would be more sales executives, project managers and technology experts.