English regulators have approved Garfield AI, a groundbreaking law firm that utilizes artificial intelligence to provide legal services at remarkably low costs, starting from just $2.67.

Founded by former litigator Philip Young and quantum physicist Daniel Long, Garfield AI aims to assist a diverse clientele, including sole traders and large corporations, in managing unpaid debts.

The platform simplifies the small claims court process by allowing users to drag and drop unpaid invoices, after which Garfield verifies facts and guides them through necessary legal documentation.

Garfield AI's mission is to democratize access to justice by reducing costs and streamlining legal processes, a vision supported by legal figures like Lord Justice Colin Birss.

Paul Philip, chief executive of the SRA, hailed the approval as a landmark moment for legal services, highlighting the critical need for accessible solutions for individuals and small businesses.

In response to the evolving landscape, the SRA has established a dedicated team to foster innovation in the legal sector, collaborating with firms and tech providers to enhance public access to legal services.

The SRA has also addressed potential risks associated with AI, implementing measures to ensure that AI actions require client approval and are subject to supervision and monitoring.

Despite the use of AI, the responsibility for maintaining high professional standards lies with the named regulated solicitors, who are accountable for the outputs of the AI system.

To ensure quality, initial AI-generated outputs are reviewed by Philip Young, with plans for ongoing sampling reviews as the technology matures.

Garfield AI is poised to tackle the estimated £6 billion to £20 billion in unpaid debts that remain uncollected due to the costly and protracted court processes.

Law firms can leverage Garfield AI's platform to efficiently manage high-volume, low-value claims, potentially improving their profit margins without the need for additional staff.

The emergence of Garfield AI reflects a broader trend in the legal industry, where firms worldwide are grappling with AI integration while striving to protect their revenues and client data.