One of the hottest topics in the legal community of late is the impact artificial intelligence can make on the legal profession. Here’s an interesting read from Mashable set out in full below for those that cannot access the link.
The nation’s top lawyers recently battled artificial intelligence in a competition to interpret contracts — and they lost.
A new study, conducted by legal AI platform LawGeex in consultation with law professors from Stanford University, Duke University School of Law, and University of Southern California, pitted twenty experienced lawyers against an AI trained to evaluate legal contracts.
Competitors were given four hours to review five non-disclosure agreements (NDAs) and identify 30 legal issues, including arbitration, confidentiality of relationship, and indemnification. They were scored by how accurately they identified each issue.
Unfortunately for humanity, we lost the competition — badly.
The human lawyers achieved, on average, an 85 percent accuracy rate, while the AI achieved 95 percent accuracy. The AI also completed the task in 26 seconds, while the human lawyers took 92 minutes on average. The AI also achieved 100 percent accuracy in one contract, on which the highest-scoring human lawyer scored only 97 percent. In short, the human lawyers were trounced.
Intellectual property attorney Grant Gulovsen, one of the lawyers who competed against the AI in the study, said the task was very similar to what many lawyers do every day.
“The majority of documents, whether it’s wills, operating agreements for corporations, or things like NDAs…they’re very similar,” Gulovsen told Mashable in a phone interview.
So does this spell the end of humanity? Not at all. On the contrary, the use of AI can actually help lawyers expedite their work, and free them up to focus on tasks that still require a human brain.
“Having the AI do a first review of an NDA, much like having a paralegal issue spot, would free up valuable time for lawyers to focus on client counseling and other higher-value work,” said Erika Buell, clinical professor at Duke University School of Law, who LawGeex consulted for the study.
This technology will never fully replace a human lawyer, but it can certainly speed up their work by highlighting the most important sections of a story.
“I strongly believe that law students and junior lawyers need to understand these AI tools, and other technologies, that will help make them better lawyers and shape future legal practice,” Buell told Mashable in an email. “I would expect that the general public, to the extent they want their lawyers to work efficiently on their legal matters, will be excited about this new tool.”
Link to the article: https://mashable.com/2018/02/26/ai-beats-humans-at-contracts/#o01kuCclhkq7