Not exact matches
That inevitably means that while a Nordic law firm, or an inhouse legal team, can perhaps
use an AI
doc review system «out of the box» to explore English language contracts in a due diligence exercise, for example, moving onto Swedish legal documents will demand additional training.
As noted in the talk, while transactional
doc review is the leader of the pack, there are a growing number of branches for advanced
uses of AI technology.
While LegalSifter is a
doc review system, one of its key
uses is at the negotiation stage of a contract.
The team has introduced technological initiatives, such as self - service contracts that the business teams can generate contracts from, as well as the
use of Google
Docs, allowing for faster - paced document creation and
review, which most of Uber's external counsel now
use as well.
Partner with or
use alternative providers (LPO, New Law,
doc review companies, or.
Meanwhile Luminance's
doc review tech will be
used by Moll Wendén for M&A due diligence.
The UK's Serious Fraud Office (SFO) has announced a partnership with US - based legal data company, OpenText, to make
use of its Axcelerate AI - driven
doc review tool.
Kira Systems» AI
doc review tech will be
used for contract analysis at the firm on a major scale.
A day earlier, another global M&A powerhouse, Latham & Watkins, also told the world they were
using AI for
doc review, also in this case, Kira.
This week legal AI company, Kira Systems, announced that it is being
used by White Shoe, New York law firm, Davis Polk & Wardwell for transactional
doc review.
While legal AI companies have made great progress in winning the top tier of firms in the UK, in Europe and also in the Asia - Pacific region, the absolute top end of the US transactional legal market has been a little slower to adopt, at least publicly, the
use of legal AI systems for
doc review work, such as for M&A due diligence.
Or the more moderate commentators would say: «Well, yes, this does look useful, but it will be many, many years before law firms start to make
use of AI - driven
doc review and other automated technology.»
Two years ago legal AI systems conducting
doc review for M&A transactions were seen somewhere between a novelty and «robots»... (remember when people still
used that term to talk about legal AI software...?)
But, regardless of how the company got to this point, the key takeaway is that NLP and machine learning can be
used at many stages of a contract's lifecycle, not just in post-completion
doc review.
01:26 - Microsoft Surface Laptop event 36:16 - The Google
Docs spam attacks played off Google's most fundamental weakness 47:33 - Samsung DeX
review: the closest thing we have to
using our phones as PCs 1:00:04 - Paul's weekly segment «Four Fours» (previously known as 4444) 1:06:46 - Apple's earnings show modest growth, but iPhone sales are flat
On the plus side, I had almost no problems
using Google
Docs — which isn't a fully supported app — on the DeX to write the entirety of this
review.
I highly suggest that you have an attorney
review any
docs you get off line before
using them.