AI in the legal industry, from contracts to compliance
The legal domain demands absolute precision, making it a powerful proving ground for AI, but here the cost of a single hallucination is measured in millions of dollars and jeopardised client trust.
Opportunities: Speed, Scale, and Strategic Advantage
LLMs and foundational NLP techniques are fundamentally changing the workflow for legal professionals:
- Document Review & E-Discovery: It significantly enhances productivity by automating the process of sending millions of emails, memos, and court filings, classifying and flagging documents based on semantic meaning(e.g., automatically identifying all documents related to a “breach of fiduciary duty” regardless of the keywords used). This saves thousands of billable hours.
- Summarisation & Case Analysis: LLMs condense lengthy legal texts, such as 200-page depositions or complex regulations into concise, actionable summaries focusing only on key elements like liability or damages, speeding up case strategy formulation.
- Legal Research: Using semantic search, LLMs retrieve precedents based on conceptual similarity, helping lawyers find relevant case law that…
Learn more about Legal NLP: Automating Document Review and Summaries
