Generative AI in Legal: Solution Providers
In this article, in the generative AI in Legal series, I am covering established enterprises and startups that have software offerings applying generative AI in the legal domain and making those available to law firms (small & large), corporate general counsels & other legal firms/professionals.
Before we get to the actual companies, let's look at why legal domain is such an important area, so ripe for generative AI applications and how it is adopting and getting disrupted by generative AI - based on this report from Goldman Sachs. I will cover more on generative AI use cases in Legal domain and customer success stories in subsequent articles.
Goldman Sachs Economic Research in its ‘The Potentially Large Effects of Artificial Intelligence on Economic Growth’ estimates that one-fourth of current work tasks could be automated by AI in the US (Exhibit 5, top panel), with particularly high exposures in administrative (46%) and legal (44%) professions (see exhibit below).
Legal AI Assistants & Productivity Improvement
Thomson Reuters Legal Solutions
Thomson Reuters Legal Drafting works right beside users in their favorite software, bringing together insights and intelligence from Thomson Reuter's trusted content and customer's knowledge — so customers can get work done faster with confidence.
Ask Practical Law AI - Customers can ask a question in everyday language and get an answer grounded in Practical Law’s best-in-class legal content, with links to supporting resources for deeper insights.
Westlaw Generative AI - Westlaw Precision and CoCounsel offer a jump-start on research, rely on answers grounded in trusted authority, accelerate time-intensive tasks and produce top-quality work with increased precision.
Lexis Nexis Lexis + AI uses the fastest legal generative AI with conversational search, drafting, summarization, document analysis, and linked hallucination-free legal citations. The offering is powered by Anthropic’s Claude 2, hosted on Amazon Bedrock from Amazon Web Services (AWS), and OpenAI’s GPT-4 and ChatGPT, hosted on Microsoft Azure.
Robin AI is a legal AI company that focuses on leveraging generative AI to automate and speed up the process of drafting, negotiating, and reviewing contracts, as well as extracting information from entire contract repositories through simple search. It aims to help legal teams move faster, save money, and spend more time strategically. Robin is their AI copilot to generate contract drafts and review contracts. Robin AI also offers AI-assisted search, managed services powered by AI and AI contract pilot as a Microsoft Word Add-in. Robin AI uses Anthropic Claude on Amazon Bedrock in their product to dramatically accelerate the time it takes to review, negotiate and query contracts. Legal co-pilot Robin AI is using Claude on Amazon Bedrock to reduce the time it takes to finalize and sign contracts—making the process up to 10X faster. Anthropic’s post on Robin AI
vLex is a global legal intelligence platform that provides legal professionals with access to the most extensive collection of legal and regulatory information in the world. vLex legal research is an AI-powered research assistant that connects in-house knowledge with the world’s largest collection of legal information on a single service. It offers intelligent tools with a unique ability to enhance customer productivity and keep them up to date with the law. It offers precedent map, key passages, cited authorities, in-force notifications and subsequently cited as key features along with intelligent search, document management, integrations and current awareness tools.
vLex’s Vincent AI is the first global legal AI assistant that offers features such as individualized summaries, drafting legal content, comparative and international search, key information extraction and identifying relevant authorities.
vLex’s Iceberg AI addresses the unique challenges of creating custom legal knowledge and analytics solutions, offering a suite of powerful tools for big law firms, government agencies, and corporate legal teams.
Litera offers legal AI solutions that complement and enhance the capabilities of legal professionals, empowering them to deliver exceptional outcomes for their clients and amplify their impact. Litera Kira (due diligence and contract analysis) is the trusted assistant in reviewing and analyzing contracts and creating client deliverables for corporate transactions. Litera Foundation (firm intelligence) gets answers to complex legal questions in seconds, by leveraging AI to tap into law firm’s collective deal experience and deal data.
DraftWise is a secure end-to-end drafting and negotiating AI solution designed for lawyers. It empowers transactional lawyers through every stage of their process, from contract drafting to negotiation. Key features of DraftWise include: Integration with a firm's data sources, such as Document Management Systems (DMS), Customer Relationship Management (CRM), and deal databases, to create a unified picture of the firm's intelligence; Advanced Search and Recommendation Tools: These tools enable lawyers to find the right clause or precedent quickly and efficiently; Knowledge Management Features: DraftWise facilitates secure, easy content sharing by promoting clause banks and know-how precedents, helping lawyers achieve greater ROI from their existing work; DraftWise Deal Context: This suite of capabilities supports contextualizing legal terms and clauses with the real-world circumstances of the deal.
Callidus aspires to be the best generative AI-powered productivity platform for the legal field. It has multiple modules such as for Legal Research (Enter longer fact-patterns for complex issues and receive detailed analysis, relevant statutes, and relevant cases), Drafting Legal Memos (Proof of concept for submitting a fact pattern and receiving a drafted memo), Short Legal Hypo (Receive quick/directional answers to hypotheticals with fact patterns), Proofread (Provide a memo, brief, or other document and receive a redlined Word document), Legal Intake bot for enterprise clients, Contracting modules (Provide key info and receive a contract in Word), Review Terms (Check for poorly written terms or terms unfavorable to your client), Search/Query (Provide a document/article and ask questions about it or search for info in it), Summarization (summarizes cases, long statutes, legal documents), Basic bot.
Centari is the generative AI platform for transactional law, combining secure legal AI with trusted precedent to accelerate transactions. Centari's flagship product is an AI-powered precedent search tool that enables attorneys to surface relevant forms, clauses, and deal history in real time while drafting agreements. Their offering is geared towards law firms, in-house legal teams, solo attorneys, freelancers and students.
Eve is a personalized legal AI assistant that optimized casework from case intake, case evaluation and investigation, legal research, negotiations to resolution.
Paxton Legal AI AI Legal Assistant for contract review, document drafting and legal research. Paxton benefits all legal and business professionals including big law, general counsel, solo and small firms and business teams.
Legalfly’s Copilot streamlines legal operations from contract reviews and drafting to discovery on thousands of legal and financial documents. It also offers training platform to help customers customize Copilot by uploading their own legal and financial documents.
Clearbrief is a patented AI platform that helps lawyers find and view supporting factual evidence while writing in Word, cite-check both facts and law, and instantly generate timelines, exhibits, and Table of Authorities
Contract Lifecycle Management
Henchman streamlines contract drafting and negotiating workflow with instant access to customer’s entire legal knowledge base.
Juro for Legal offers a legal AI assistant that automates routine contract tasks from within Juro’s contract automation platform. With Juro for Legal customers can draft, review and summarize contracts faster.
领英推荐
Ironclad AI is an AI powered contract management software that automatically analyzes contracts, flags areas that require a thorough review, and provides suggestions on how to negotiate based on legal-approved guidelines. Fine-tuning Ironclad AI lets organizations adapt existing models to their unique use cases.
ContractPodAI offers Legal AI assistant and AI powered contract lifecycle management. Leah Legal Copilot is their generative AI powered legal assistant designed to support lawyers’ day-to-day legal work, such as creating first drafts, reviewing, redlining, conducting deep analysis, and extracting.
Summize Summize AI powers Contract Lifecycle Management solution to bring speed, automation and intelligence to the way legal and commercial teams create, negotiate and manage contracts across the entire business.
Maigon AI offers AI driven contract review. Its solutions include contract type-specific AI review modules for contracts such as Data Processing Agreement, Privacy Policy, NDAs, Consultancy Agreements, Product Supply Agreements, R&D Agreements and EULAs.
Platform
Hercules.ai (Zero Systems) is a generative AI company that brings the power of large language models inside the security perimeter of enterprises. Its powerful operating and orchestration platform, Hercules, enables enterprises to quickly create, deploy, and run generative AI apps without compromising security standards. These apps can augment knowledge workers in any domain, resulting in higher revenue, improved profitability, and enhanced worker satisfaction. Key use case solutions served by Hercules.ai include Document Intelligence (Intelligent entity extraction and reasoning), Policy enforcement (policies, contracts and guidelines enforcement), Compliance Automation (data compliance enforcement), activity & time capture (automation of time & activity capture).
Professional service including legal
Harvey is a secure generative AI platform for sophisticated professional services. It has developed domain-specific foundation models to address the most complex needs of our clients and advance the frontier of applied AI for professional services. Harvey is powered by Open AI foundation models and has exclusive partnership with PwC.
Litigation
Aurelogy (previously Fileread AI) is an AI-powered litigation tool that opens up a dialogue with their customer’s data, so that legal teams can focus on more value added activities.
Corporate Debt
Noetica AI offers AI for corporate debt transactions with the largest knowledge graph of corporate debt terms.
Justice Intelligence
Darrow.ai Darrow's AI-Powered Justice Intelligence Platform sifts through real world data and legal data to detect harmful events, determine the number of victims, predict the legislative outcome, and assess the financial value of a case. It works by fusing together relevant data points, extracting factual patterns within the publicly available legal databases, and comparing events to determine whether a violation has occurred.
Patent law
IPRally IPRally is a web application designed to help customers be more efficient and successful in their patent and R&D work. Their proprietary Graph AI is designed and trained by patent professionals. It uses knowledge graphs and Graph Neural Networks to offer AI patent search and AI patent classifier functionality.
Injury Law
EvenUp turns medical docs and case files into AI-driven demand packages for injury lawyers Even Up offers an AI-driven solution for winning personal injury claims. EvenUp is on a mission to close the justice gap using technology and AI. They empower personal injury lawyers and victims to get the justice they deserve.
Property diligence
Orbital Witness is a property diligence automation platform for lawyers & property professionals. Their target customers include Law firms, in-house legal teams, residential conveyancing, insurers and property professionals.
Competition Law
Competition AI is the Generative AI platform built for antitrust lawyers at elite law firms and includes the world's premier Competition Law search and answer engine. It is trained on a vast array of Antitrust, Competition and Foreign Direct Investment guidance and textbooks.
Large Language Model
SaulLM-7B: A pioneering Large Language Model for Law was recently released. Here is the link to their Hugging Face listing https://huggingface.co/papers/2403.03883 and Arxiv https://arxiv.org/abs/2403.03883
Note: The views shared here in this article and post are my own, based on my own review and do not reflect those of my employer's. If there are other firms that have not been included here, let me know.
It's promising to see how Generative AI is transforming the legal landscape! This tech not only boosts efficiency but also empowers legal professionals to deliver top-notch work. Can't wait to see what the future holds for AI in law! ????
Fantastic read, Amit. It's incredibly valuable to explore how established enterprises and startups are leveraging generative AI to enhance legal solutions for law firms, corporate general counsels, and legal professionals.
CompetitionAI Founder | Senior Associate at Clifford Chance | Fellow at Cambridge | ex-IMF Counsel
5 个月Great read! You could add CompetitionAI for antitrust and FDI lawyers (www.competitionlaw.ai)
AWS GenAI IoT | Go with Aloha. Always
5 个月Having come fresh from this industry Amit V. Singh it’s nice to see the callouts and acknowledgements. Aloha
Professor CentraleSupelec (Legal NLP/Generative AI)
5 个月Hello Amit, We released SaulLM-7B with Equall ! We are just getting started but you can follow us and register equall.ai! A better model might come soonish :)