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[The Future of Legal Tech: How AI is Automating Contract Review]-[Ep. 50: How Deep Learning Can Make Your Lawyer More Productive]

NVIDIA AI Podcast · B2 · 2018-03-21

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📋 Summary

The Intersection of Artificial Intelligence and Legal Practice

In the latest episode of the NVIDIA AI Podcast, host Noah Kravitz explores the evolving landscape of legal technology with Shmuley Goldberg, VP of Marketing at LawGeeks. The discussion centers on how artificial intelligence is transforming the legal industry, not by replacing human professionals, but by automating the "grunt work" associated with contract review and approval.

The Rise of Legalese Language Processing (LLP)

LawGeeks distinguishes its AI from standard Natural Language Processing (NLP) tools by utilizing what they call "Legalese Language Processing" (LLP). Unlike natural language, which is often ambiguous and context-dependent, legal contracts are highly prescriptive and rigid. Goldberg explains that because "every word means something specific" in legalese, the AI is trained using "Applied Dual Networks" to read, understand, and review contracts with high precision. This structural rigidity, while challenging to build due to limited training data compared to general language, allows for significantly higher accuracy than traditional NLP models.

The "Ultimate Showdown": AI vs. Human Lawyers

To demonstrate the efficacy of their technology, LawGeeks conducted a controlled study in partnership with legal experts from Duke, Stanford, and USC. The experiment pitted an AI against 20 experienced lawyers in reviewing five non-disclosure agreements (NDAs). The results were striking: the AI achieved a 94% accuracy rate, while the average human lawyer scored 85%. Furthermore, the speed difference was monumental—the AI completed the task in 26 seconds, whereas the fastest human lawyer took 51 minutes. Goldberg emphasizes that this study focused solely on "the most basic grunt work," such as highlighting specific issues within a contract, rather than creative legal strategy or advice.

Addressing the Fear of Automation

One of the most pressing questions addressed is whether such technology aims to replace lawyers. Goldberg dismisses this notion, comparing the AI to "autopilot for pilots" or "GPS for drivers." He notes that many lawyers expressed relief after participating in the experiment, acknowledging that the repetitive tasks of contract review are not why they went to law school. According to Goldberg, the industry is seeing a shift where legal professionals are beginning to embrace technology to improve their efficiency, similar to how accountants adopted Microsoft Excel rather than viewing it as a threat to their profession.

The Shift Toward Legal Operations

Goldberg highlights a significant trend in the industry: the rise of "legal operations." Five years ago, this concept was virtually non-existent, but today, there are thousands of professionals tracking KPIs, turnaround times, and efficiency metrics within legal departments. LawGeeks is at the forefront of this movement, helping businesses treat legal work with the same data-driven rigor applied to finance, HR, and software development.

Looking Ahead: The Future of Legal Talent

Looking five to ten years into the future, Goldberg predicts a fundamental change in the composition of law firms. He envisions a transition where firms will not only consist of traditional attorneys but will integrate "legal automation experts, legal software developers, and legal AI experts." The next generation of legal professionals will likely require a blend of legal expertise and technical proficiency.

Ultimately, Goldberg encourages legal practitioners to stay informed about the ethical and practical implications of AI. He argues that the "best pilots today are the ones that know how to use an autopilot best," suggesting that the future of the legal profession lies in the successful collaboration between human insight and machine efficiency.

🎯Key Sentences

1
take some of the grunt work off their plates
2
So let's start with your first things first.
3
in a nutshell
4
cut down that time dramatically
5
it would stand to reason anyway
Expand All

📝Key Phrases

1
take some of the grunt work off their plates
2
in a nutshell
3
time sensitive
4
cut down that time dramatically
5
launching point
Expand All

📖 Transcript

Thank you. Hello and welcome to the NVIDIA AI Podcast.
I'm your host, Noah Kravitz. Many years ago a very famous person once wrote, the first thing we do, let's kill all the lawyers.
More recently, a second, rather less famous person said, there are only two checks I don't mind writing each month, one to my lawyer and one to my therapist.
The first line, of course, was penned by William Shakespeare in Henry VI.
It has gone on to be one of the most repeated and possibly misinterpreted lawyer jokes of all time.
The second line? Well, that was from some Silicon Valley entrepreneur whose name I can't remember now, and he said it at some conference I think I watched online, but it's still a pretty good quote.

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