AI in Law: Opportunity or Threat? | Legal AI, RERA & Property Law | Dipesh Parmar | Expert Talk Ep. 174

AI in Law: Asset or Liability? Exploring AI, Property Law, RERA and the Future of Legal Practice

Artificial Intelligence is changing almost every profession, and the legal industry is no exception.

From legal research and documentation to client communication and case preparation, AI is creating new opportunities for lawyers to work faster and smarter. But it also raises important questions around accuracy, ethics, confidentiality and professional responsibility.

So, is AI an asset or a liability for lawyers?

This was one of the key questions explored in Expert Talk Episode 174 with Advocate Dipesh Parmar, an experienced legal professional practicing before the Gujarat High Court.

The conversation went beyond AI. It covered property law, RERA, property due diligence, banking litigation, DRT, SARFAESI and the challenges of building a successful legal practice as a first-generation advocate.

From Banking and Finance to Law

Dipesh Parmar brings an interesting combination of corporate and legal experience.

Before entering legal practice, he spent more than nine years in the banking and financial services sector, working with organizations including Standard Chartered Bank, Kotak Mahindra Bank and Indiabulls.

Today, he practices before the Gujarat High Court and advises individuals, businesses, developers and financial institutions on areas including property matters, revenue law, civil litigation, banking and finance litigation, RERA and legal advisory.

This combination of banking knowledge and legal expertise gives him a practical perspective on how legal decisions affect businesses, borrowers, investors and property buyers.

Watch now: https://youtu.be/WZhl7LNSkKk

AI in the Legal Profession: Opportunity or Threat?

AI is already becoming a useful tool for professionals across industries.

For lawyers, it can assist with tasks such as research, summarizing information, organizing documents, drafting initial content and improving productivity.

But using AI effectively requires more than simply asking a chatbot to provide a legal answer.

Legal professionals must verify information, understand the limitations of AI-generated content and remain responsible for the final advice or document they provide.

A wrong AI-generated answer can have serious consequences when it is used in a legal matter.

The real opportunity, therefore, may not be replacing lawyers with AI. It may be helping lawyers become more efficient while allowing them to spend more time on judgment, strategy, negotiation and client relationships.

What AI Cannot Replace

One of the important themes discussed during the conversation was the human element of legal practice.

AI can process information quickly, but legal practice involves much more than information retrieval.

Understanding a client’s circumstances, interpreting complex situations, negotiating with people, presenting arguments and making strategic decisions require human judgment.

Courtroom advocacy also involves communication, persuasion, experience and the ability to respond to unexpected developments.

Technology can support these activities, but professional responsibility ultimately remains with the lawyer.

Building a Legal Career Without Legacy Connections

Another interesting part of the discussion focused on young advocates.

For a first-generation advocate, building a legal practice can be challenging. There may be no established family practice, inherited client base or large network to begin with.

That makes credibility, consistency, relationships and continuous learning extremely important.

Young lawyers today also have access to something previous generations did not have to the same extent: technology.

Digital platforms, legal research tools, professional networking and AI-enabled productivity tools can help young professionals build knowledge and visibility.

However, technology should complement professional expertise rather than replace it.

Watch now: https://youtu.be/WZhl7LNSkKk

Property Due Diligence: What Buyers Should Know

Buying property is one of the biggest financial decisions many people make.

Yet many buyers focus primarily on the location, price, amenities and expected appreciation while overlooking legal due diligence.

A property may look attractive financially but still carry legal or regulatory risks.

Before purchasing property, buyers should understand the importance of verifying relevant ownership and property documents and checking whether there are potential disputes, restrictions, approvals or other legal concerns.

This is where professional legal advice can become extremely valuable.

A few hours spent on proper due diligence can potentially prevent years of legal and financial complications.

Common Property Purchase Mistakes

Property buyers often make mistakes because they assume that the documents provided by a seller, developer or intermediary are sufficient.

Another common mistake is relying entirely on verbal assurances.

Property transactions can involve multiple legal and regulatory considerations. Buyers should therefore avoid rushing into a purchase simply because of a limited-time offer, attractive price or pressure from a seller.

Understanding the legal status of a property before committing significant money is essential.

Understanding RERA and Homebuyer Protection

Real Estate (Regulation and Development) Act, commonly known as RERA, has become an important part of India’s real estate regulatory framework.

For homebuyers, understanding their rights and the obligations of developers can help them make more informed decisions.

RERA-related matters can involve issues such as project registration, delivery timelines, contractual obligations and disputes between buyers and developers.

The key takeaway for property buyers is simple: don’t just look at the property. Understand the legal framework surrounding the transaction.

Banking Litigation, DRT and SARFAESI

Dipesh’s previous banking experience also brings an important perspective to matters involving borrowers and financial institutions.

The discussion touched upon DRT and SARFAESI proceedings, areas that can become highly complicated for borrowers who do not understand the legal process.

When facing recovery proceedings, ignoring notices or delaying professional advice can potentially make the situation more difficult.

Understanding one’s legal position and taking timely advice can be critical.

Technology Every Young Advocate Should Understand

Technology is becoming an important part of modern legal practice.

Young advocates can benefit from learning tools that help with:

Legal research
Document management
Drafting and editing
Case organization
Information analysis
Client communication
Productivity and workflow management
AI-assisted research and documentation

But the goal should not be to use technology simply because it is popular.

The better question is: Can this technology improve the quality, speed or efficiency of my legal work?

The Future of Law Will Be Human + Technology

The debate around AI often focuses on whether technology will replace professionals.

A more useful question may be how professionals can learn to work effectively with technology.

For lawyers, the future could belong to professionals who combine strong legal knowledge with technology awareness, critical thinking and excellent communication.

AI can process information.

Lawyers provide judgment.

AI can assist with productivity.

Lawyers remain responsible for professional decisions.

AI can support legal practice.

But trust, ethics and human relationships remain at the heart of the profession.

Key Takeaways from Expert Talk Episode 174

The conversation with Dipesh Parmar highlights several important lessons:

AI can become a powerful productivity tool for lawyers when used responsibly.
AI-generated legal information must be carefully verified.
Human judgment remains essential to legal practice.
Property buyers should take legal due diligence seriously.
Understanding RERA can help homebuyers make better decisions.
Borrowers facing DRT or SARFAESI proceedings should understand their legal position and act promptly.
Young advocates can use technology to improve their productivity and build professional visibility.
Building a successful legal practice requires patience, credibility, expertise and relationships.
Technology should support lawyers rather than replace professional responsibility.
The future of legal practice will likely be a combination of human expertise and intelligent technology.

Watch now: https://youtu.be/WZhl7LNSkKk

Watch Expert Talk Episode 174

Expert Talk Episode 174 with Dipesh Parmar offers a practical conversation for lawyers, young advocates, property buyers, entrepreneurs, investors and anyone interested in the future of the legal profession.

The discussion connects AI with real-world legal practice while also addressing important property and financial legal issues.

The biggest takeaway?

AI may become an incredibly powerful asset for lawyers—but only when combined with knowledge, judgment, ethics and responsibility.

So, what do you think?

Will AI become the biggest advantage for lawyers—or create new risks for the legal profession?

Watch Expert Talk Episode 174 and share your perspective.

About Dipesh Parmar

Dipesh Parmar is an Advocate practicing before the Gujarat High Court, with expertise in Revenue Law, Property Matters, Civil Litigation, Banking & Finance Litigation, RERA matters and Legal Advisory.

Before entering legal practice, he spent more than nine years in banking and financial services with organizations including Standard Chartered Bank, Kotak Mahindra Bank and Indiabulls.

His experience across banking and law allows him to provide practical, business-oriented perspectives on complex legal, financial and property matters.

About Expert Talk

Expert Talk is hosted by Vipul M. Mali, Founder and Business Head of POST A RESUME HR Consultancy.

Through Expert Talk, professionals, entrepreneurs, industry leaders and subject-matter experts share practical insights on careers, business, leadership, technology and the changing world of work.

Expert Talk Ep. 174 | Dipesh Parmar
AI in Law: Asset or Liability? | Property Law, RERA & Legal Practice

Watch now: https://youtu.be/WZhl7LNSkKk

#ExpertTalk #AIinLaw #ArtificialIntelligence #LegalAI #LegalTech #PropertyLaw #RERA #RealEstateLaw #LegalPractice #FutureOfLaw #GujaratHighCourt #PropertyDueDiligence #DRT #SARFAESI #BankingLaw #YoungLawyers #LegalProfession #VipulMMali #POSTARESUME #VipulTheWonderful