Page 38 - KDU Law Journal Volume 4 Issue 2

KDU Law Journal Volume 04 Issue II
September, 2024
$5,000 fine . If we’re to realize the technology’s highest potential
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while safeguarding against breaches of privacy, security and
accuracy, we need to start drawing a roadmap now.
Ethical and Legal Standards
It is necessary to establish clear ethical guidelines and legal
standards for the use of AI in the legal system. For this purpose,
conducting a thorough feasibility study to assess the technical,
legal, and financial aspects of implementing AI in the legal
system by considering the availability of skilled professionals,
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data infrastructure, and financial resources will be appropriate.
Then it can be ensured that AI applications adhere to principles of
fairness, transparency, and accountability.
Cost-Benefit Analysis
A comprehensive cost-benefit analysis needs to be conducted to
evaluate the economic impact of introducing AI in the legal system.
In that, both short-term and long-term costs must be considered
including initial investments, operational costs, and potential
savings. Based on the cost-benefit analysis, an informed decision
can be made about whether to proceed with the implementation of
the AI legal system, modify the approach, or consider alternative
solutions.

Collaboration with International Organizations
Collaboration and support from international organizations that
specialize in AI, legal technology, and economic development
can also be sought in this regard. Financial resources should be
allocated for research, development and implementation of AI
technologies within Sri Lanka’s legal system in consultation with
organizations such as the IMF. It will be a unique turning point

27 Time to navigate the legal and data governance implications of AI <https://www.
scmagazine.com > accessed 28 October 2023
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28 Legal and Ethical Consideration in Artificial Intelligence <https://www.frontiersin.org>
accessed 26 October 2023
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law.faculty@kdu.ac.lk
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