EvenUp

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EvenUp transforms medical documents and case files into AI-driven demand packages for personal injury lawyers, leveraging millions of records for better claims.

How EvenUp can help you:

Generates comprehensive demand packages using AI, saving over 5 hours per claim.
Offers a cost-effective solution that becomes more affordable as your caseload increases.
Improves claim values by 30% on average through detailed, data-backed demands.
Accelerates settlement negotiations and reduces the incidence of low-ball offers.

Why choose EvenUp: Key features

Utilizes over 250K+ verdicts and settlements to enhance claim accuracy.
Team of industry experts including former defense counsel and paralegals.
SOC2 certified, ensuring top-tier security and data protection.
Zero-day data retention policy, emphasizing client privacy and data security.

Who should choose EvenUp:

Personal injury lawyers looking to save time and resources on demand package creation.
Law firms aiming to increase their caseload affordability and claim values.
Legal professionals seeking reliable and secure AI solutions for better case outcomes.

About EvenUp

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https://www.evenuplaw.com

Release Date

March 2024

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Top 8 AI Tools for Legal Professionals

According to a 2024 generative AI report, the adoption of AI in the legal profession shows that 14% of law firm and corporate legal respondents are already using AI technology, 12% are planning to use it, 35% are considering whether or not to use it, and 40% currently have no plans to use AI. Additionally, 27% of legal industry respondents said they use open-source AI tools like ChatGPT today, while 43% plan to use legal-specific AI tools within the next three years. Here are a few AI tools for legal professionals to explore. Casetext Casetext, one of the best legal research tools on the market, and its new AI assistant has the potential to make it even more useful. Casetext speeds up the research process with its AI assistant called CoCounsel, which was developed in collaboration with OpenAI and built on top of GPT-4 with customizations for the legal industry. Casetext claims that CoCounsel can write and comprehend at a postgraduate level. Beyond legal research, CoCounsel can also help with reviewing documents, searching databases to discover relevant information, preparing for trial, summarising findings, and laying out the basics for a legal memo. Detangle.ai Detangle makes innovative use of AI technology to summarise lengthy legal research and transform complex jargon into plain English. By simplifying and explaining legal terminology, detangle helps one save thousands in legal fees and boost one's confidence in legal matters. The detangled document provides a concise 1-2 paragraph summary, so one can immediately understand the key points. With a simple interface, one can upload assets or paste URLs to get AI-generated summaries of lengthy documents, audio files, or videos, making complex legal jargon easy to understand. Amto Amto utilises 692 proprietary AI algorithms specifically trained for lawyers, to enhance online visibility, attract quality leads, and convert them into loyal clients. Amto combines human expertise with AI for superior legal marketing; expert lawyers curate content, while AI selects ideal keywords to target the audience effectively. It ensures all strategies comply with ABA guidelines, safeguarding the integrity of one's practice. The services include using generative AI based on ChatGPT for drafting legal documents, letters, and emails, providing instant revisions, recommending missing clauses, identifying research gaps, and creating client reminders for deadlines and important dates. AI Lawyer AI Lawyer is an innovative tool designed for everyone. It avoids expensive legal consultations, long waits for appointments, and confusing legal texts. It provides legal information and simplifies legal language for general audiences, supports lawyers in legal research and strategy development, and helps law students hone their research skills and gain insights into modern legal trends. AI Lawyer's best features include providing fast, easy-to-understand insights into complex legal issues, summarising uploaded documents, and creating simple legal agreements in minutes. Lawgeex Lawgeex contract review automation solution, powered by patented AI technology, reviews and redlines legal documents based on one's predefined policies. Unlike other solutions, Lawgeex comprehends contractual context and one's position, ensuring consistency across contracts, saving time and money, and expediting deal closures. This AI-driven tool supports high-volume contract analysis for non-disclosures, service agreements, and more. It integrates with popular CRM systems and other apps, allowing for automatic redlining via email or direct integration, making the review process efficient and seamless. Lex Machina Lex Machina, a legal analytics company owned by LexisNexis, leverages AI technology to review and sort court documents, enabling users to discover trends among parties, lawyers, judges, and courts. The data includes findings, damages, and case outcomes. Lex Machina continuously crawls databases such as the USPTO, ITC/EDIS, PACER, and state court data every 24 hours, ensuring the AI platform has access to the latest information on millions of cases. This comprehensive data collection allows Lex Machina to deliver a vast array of AI-driven insights. Law.co Law.co (AI) platform for lawyers and law firms, is designed to digitise and optimise legal operations. It automates and streamlines complex legal processes and research, while enhancing contract drafting and editing with the power of GPT. This powerhouse platform leverages AI to revolutionise law firms' operations, offering cutting-edge features like automated legal drafting, contract review, and enhanced legal research. Law.co also utilises GPT and an advanced semantic search engine, providing powerful access to queries with contextual understanding and continuous learning capabilities. Additionally, the platform is multilingual, making it an excellent choice for firms offering services in multiple languages. Harvey AI Harvey AI stands among other AI-driven legal tools for its predictive abilities. It dissects extensive legal databases, delves into case histories, and analyses legal trends to provide well-informed predictions about case trajectories. This enables proactive decision-making by leveraging data-driven insights, setting it apart as a distinctive advantage. Harvey AI's ability to detect early warning signs and suggest risk-mitigation strategies can revolutionise internal procedures. It goes beyond reactive legal actions, empowering organisations to make proactive decisions, a feature that marketers can highlight to showcase its unique benefits.

Analytics India Magazine

Fri, 19 Jul, 8:00 AM UTC

How AI Tools Improve Efficiency and Productivity of Lawyers

The use of AI in law practice brings up improvements for redundant work as well as the aptitude to look for information and the priceless point of view. Being used in procedures as diverse as assessing documents, improving the approaches to contracts and making communications with customers, AI is changing the whole spectrum of legal work. By applying these technologies, attorneys can increase productivity enabling them work more efficiently on matters of strategic value rather than reformatting documents. These developments, therefore, allow the expertise in law to stay ahead of the market so that legal professionals meet the current society's standard as well as the highest standards of quality. How Do AI Tools Automate Document Review and Analysis? AI tools like Kira Systems and Luminance utilize machine learning algorithms to automate the document review process. These tools can quickly scan and interpret large volumes of documents, identifying relevant information and flagging potential issues. By doing so, they significantly reduce the time lawyers spend on manual document review. For instance, AI can extract key clauses from contracts, identify inconsistencies, and highlight areas that require attention. This automation minimizes human error and ensures a higher level of accuracy and consistency. Additionally, AI-powered document analysis tools can learn from each review session, continuously improving their accuracy and efficiency over time. As a result, lawyers can focus more on strategic aspects of their work, such as advising clients and developing case strategies, rather than being bogged down by tedious document review tasks. How Do AI Tools Enhance Legal Research? AI-powered legal research tools like Ravel Law and Casetext revolutionize the way lawyers conduct legal research. These tools leverage natural language processing (NLP) to analyze legal texts, including case law, statutes, and regulations. By doing so, they can quickly sift through vast databases to find the most relevant information. This capability allows lawyers to build stronger cases more efficiently by accessing pertinent legal precedents and authoritative sources in a fraction of the time it would take using traditional research methods. Moreover, AI tools can understand the context and nuances of legal queries, providing more accurate and relevant results. This advanced level of research enables lawyers to develop more robust legal arguments and stay current with evolving legal standards. How Do Predictive Analytics Tools Assist Lawyers? Predictive analytics tools like Blue J Legal help lawyers by forecasting the likely outcomes of legal cases based on historical data. These tools analyze past case results and various legal factors to provide insights into the strengths and weaknesses of a case. For example, they can predict the probability of winning a case, estimate potential damages, or suggest the most effective legal strategies. By utilizing predictive analytics, lawyers can make more informed decisions, better assess risks, and optimize their case strategies. This data-driven approach helps in identifying patterns and trends that might not be immediately apparent through manual analysis. How Do AI Tools Streamline Contract Management? AI tools such as Evisort and LawGeex streamline contract management by automating various aspects of the drafting, review, and approval processes. These tools use natural language processing (NLP) to analyze contract language, identify key clauses, and suggest edits. They can also compare contract terms against a database of standard clauses or company policies to ensure compliance with legal and organizational standards. By automating these tasks, AI tools significantly reduce the time and effort required for contract management. They also enhance accuracy by minimizing the risk of overlooking critical details or inconsistencies. How Do AI Chatbots Improve Client Communication? AI chatbots like LawDroid and DoNotPay enhance client communication by providing instant, 24/7 responses to common legal queries. These chatbots can handle routine inquiries, such as questions about legal procedures, document requirements, and appointment scheduling. By automating these interactions, AI chatbots free up lawyers' time to focus on more complex tasks that require human expertise. Additionally, chatbots can assist with document preparation by guiding clients through the process of filling out forms or generating standard legal documents based on user input. This capability not only improves efficiency but also enhances the client experience by providing quick and accurate assistance. Furthermore, AI chatbots can integrate with other legal software, allowing for seamless data transfer and task management. How Do AI Tools Optimize Workflow and Task Management? AI-powered workflow optimization tools like ClickUp and Trello help legal teams manage their tasks more efficiently by automating routine administrative tasks, tracking deadlines, and facilitating collaboration. These tools use AI algorithms to prioritize tasks, assign them to appropriate team members, and monitor progress. They can also send reminders for upcoming deadlines, ensuring that no critical tasks are overlooked. By providing a centralized platform for task management, these tools enhance transparency and accountability within legal teams. How Do AI Tools Enhance Due Diligence? Due diligence is a critical aspect of legal practice, especially in mergers and acquisitions. AI tools like Diligen and Kira Systems automate the due diligence process by quickly analyzing large volumes of documents and identifying potential risks. These tools use machine learning algorithms to extract and review relevant information, such as financial records, contracts, and regulatory filings. By doing so, they significantly reduce the time and effort required for due diligence, allowing lawyers to focus on higher-level analysis and strategic decision-making. How Do AI Tools Facilitate E-Discovery? E-discovery is the process of identifying, collecting, and producing electronically stored information (ESI) in response to legal requests. AI tools like Relativity and Everlaw use advanced algorithms to streamline this process. These tools can quickly sift through vast amounts of data, such as emails, documents, and social media posts, to identify relevant information. By automating the initial review and categorization of data, AI tools significantly reduce the time and cost associated with e-discovery. They also enhance accuracy by ensuring that relevant information is not missed. Additionally, AI tools can perform complex searches using natural language processing (NLP) and machine learning, identifying patterns and connections that might not be immediately apparent.

Analytics Insight

Thu, 25 Jul, 6:01 PM UTC

Ascend Launches AI-Powered Automated Invoicing

Save time by automatically turning quote documents into digital invoices SAN FRANCISCO, Aug. 14, 2024 /PRNewswire/ -- Ascend, the leading financial operations automation platform for insurance businesses, announced today the launch of its Automated Invoicing (AI) feature, designed to simplify and improve the invoicing process for insurance agents. Ascend's users can now upload any document into Ascend and leverage AI to automatically read and process data such as carrier, premium, coverage type, commission rate, and generate digital invoices and payment links with one click. Ascend's Automated Invoicing aims to significantly reduce the time spent on billing and payment tasks as well as reduce human errors by making it easier to directly transform documents like binders into personalized invoices. By leveraging AI, businesses no longer need to rely just on integrations with their management systems to transfer data into the Ascend platform. "Ascend's Automated Invoicing is a practical application of AI that saves insurance businesses significant time by automating time-consuming administrative work," said Carl Niedbala, National Managing Director - Digital Product Strategy & Innovation of The Baldwin Group. "This empowers insurance professionals to spend time on the uniquely human work of risk management, client relationships and serving complex insurance needs." "Many of our partners have asked us to make invoice creation as easy as possible", stated Andrew Wynn, co-founder and CEO of Ascend. "We're now able to make this a reality by using AI to read, categorize, and populate the relevant data across all types of binders and carrier quotes. Ascend's invoice creation is now as easy as one upload, continuing our commitment to building solutions that reduce time spent on time intensive manual billing and accounting tasks." Key Features and Benefits: AI Accuracy: Ensure that invoices match exactly with carrier's quote documents, minimizing errors and discrepancies.Time-Saving Efficiency: Eliminate the need to key in policy data manually, allowing employees to focus on more strategic tasks.Multi-Document Support: Upload multiple quote documents into one program or handle a single quote with multiple policies, with Ascend automatically splitting and organizing the data as needed. "Automated Invoicing not only saves time spent manually creating invoices, but it also ensures we collect the right amounts from our clients every time by making sure our invoices always match our carrier quotes - reducing the chances of human error and providing a best-in-class customer experience," said Bradley Flowers, founder of Portal Insurance. Ascend's Automated Invoicing feature is now live and available to all Ascend customers. To learn more, please visit www.useascend.com. About Ascend Ascend is the leading insurance automation platform for the entire payment lifecycle across invoicing, accounting, reconciliation, and disbursement. Businesses using Ascend experience improved operational efficiencies, treasury management, and customer experience - resulting in increased profitability. To learn more about how Ascend can transform your business, please visit www.useascend.com. Media Contact Mike Nguyen Marketing Lead P: 408-621-1259 mike@useascend.com View original content to download multimedia:https://www.prnewswire.com/news-releases/ascend-launches-ai-powered-automated-invoicing-302221368.html SOURCE Ascend Market News and Data brought to you by Benzinga APIs

Benzinga

Wed, 14 Aug, 12:01 PM UTC

HKFindlawyer.com Introduces Two Innovative Tools to Enhance Legal Accessibility in Hong Kong

HONG KONG SAR - Media OutReach Newswire - 23 August 2024 - HKFindlawyer.com, a pioneering platform dedicated to democratizing legal services in Hong Kong, has launched two groundbreaking tools designed to empower citizens: the Work Injury/Traffic Accident Compensation Calculator and the Mitigation Letter Generator. These tools, which complement HKFindlawyer.com's free legal consultation services, leverage advanced technology to provide preliminary legal assistance, helping users navigate complex legal situations with greater ease and understanding. Work Injury/Traffic Accident Compensation Calculator The Work Injury/Traffic Accident Compensation Calculator is a cutting-edge tool aimed at providing individuals with a preliminary estimate of the compensation they may be entitled to in cases of workplace injuries or traffic accidents. This tool is particularly beneficial for those who are uncertain about their legal rights or the potential financial outcomes of their claims. The logic behind the calculator is grounded in a thorough analysis of relevant legal precedents, statutory guidelines, and compensation frameworks specific to Hong Kong. Users input key details such as the nature of the injury, the circumstances of the accident, and any long-term impacts on their health or earning capacity. The calculator then processes this information using a sophisticated algorithm that mirrors the considerations typically made by legal professionals during compensation negotiations. While the tool offers a valuable starting point, it is important to note that the calculator is intended for informational purposes only and should not be seen as a substitute for professional legal advice. The primary aim is to provide users with a clearer understanding of their potential claims, enabling them to approach legal consultations with greater confidence and knowledge. Mitigation Letter Generator The Mitigation Letter Generator is another innovative tool introduced by HKFindlawyer.com, designed to assist individuals in drafting effective mitigation letters. These letters are often required in legal proceedings where individuals seek leniency in sentencing by presenting mitigating factors that may have influenced their behavior. Powered by advanced AI technologies, including Large Language Models (LLMs) and GPT-based algorithms, the Mitigation Letter Generator uses natural language processing (NLP) to analyze the user's inputs and create a tailored, persuasive document. Users are prompted to provide relevant information, such as the circumstances surrounding the offense, personal background details, and any evidence of remorse or rehabilitation efforts. The generator then constructs a letter that effectively communicates these points in a structured and compelling manner. This tool is particularly useful for individuals who may lack the educational background or legal expertise to articulate their case effectively. By providing a clear, well-organized letter, the Mitigation Letter Generator helps level the playing field, ensuring that all individuals have the opportunity to present their mitigating circumstances in the best possible light. A Commitment to Legal Accessibility The introduction of these two tools underscores HKFindlawyer.com's commitment to making legal services more accessible to the general public. By harnessing technology, the platform continues to break down barriers that often prevent individuals from obtaining the legal help they need. Both the Work Injury/Traffic Accident Compensation Calculator and the Mitigation Letter Generator reflect a broader mission to democratize legal services, making them more transparent, user-friendly, and responsive to the needs of everyday citizens. HKFindlawyer.com has established itself as a leader in legal service innovation, and these new tools are a testament to the platform's ongoing efforts to enhance the legal experience for Hong Kong residents. As the platform continues to evolve, it remains focused on providing high-quality, accessible legal resources that empower individuals to navigate their legal journeys with greater confidence and clarity. For more information about these tools and other services, visit HKFindlawyer.com. Hashtag: #HKFindlawyer The issuer is solely responsible for the content of this announcement. HKFindLawyer

Zawya.com

Fri, 23 Aug, 8:00 AM UTC

Supio brings generative AI to personal injury cases

Legal work is incredibly labor- and time-intensive, requiring piecing together cases from vast amounts of evidence. That's driving some firms to pilot AI to streamline certain steps; according to a 2023 survey by the American Bar Association, 35% of law firms now use AI tools in their practice. OpenAI-backed Harvey is among the big winners so far in the burgeoning AI legaltech space, alongside startups such as Leya and Klarity. But there's room for one more, says Jerry Zhou and Kyle Lam, the co-founders of an AI platform for personal injury law called Supio, which emerged from stealth Tuesday with a $25 million investment led by Sapphire Ventures. Supio uses generative AI to automate bulk data collection and aggregation for legal teams. In addition to summarizing info, the platform can organize and identify files -- and snippets within files -- that might be useful in outlining, drafting and presenting a case, Zhou said. "After attending numerous conferences and meeting with hundreds of lawyers across the U.S., Lam and I decided to focus on personal injury and mass tort plaintiff law," said Zhou, who's also Supio's CEO. "These are practice areas that require compiling thousands of documents from multiple sources, and analyzing and finding information from the data within them." Zhou and Lam are childhood friends whose career paths have often intersected. The pair worked at Microsoft, specifically in the Office 365 org, and together again at tax compliance software firm Avalara. The idea for Supio came about after Zhou and Lam left Avalara to pursue building a business that could, in Zhou's words, "help understand complex data and identify critical connections within certain data." "We pursued the legal industry because we knew it wasn't just document-heavy -- it was also due for technology innovation," Zhou said. "[These are] practice areas that require compiling thousands of documents from multiple sources and analyzing and finding information from the data within them." Personal injury and mass tort cases, or civil suits filed on behalf of victims harmed by negligence, like the sale of defective products, typically unfold across paperwork including medical records, police reports, insurance claims, financial statements, consumer complaints and so on. What Supio does, Zhou explained, is generate demand letters -- letters outlining the legal disputes to be resolved -- as well as supporting documentation, while letting users search the evidence through a chatbot-type interface. It sounds a lot like EvenUp, a startup that taps AI to generate legal documents to assess injury cases. Companies like Lawyaw and Atrium also apply AI to the task of drafting initial complaints. But Zhou claims that Supio is more complex in its technical approach. "Law is extremely complex and nuanced, and most creators of work productivity tools lack a true understanding of the legal documents lawyers ultimately have to produce, which inhibits the development of accurate [AI] models," Zhou said. "Supio has hundreds of models running at a given time with different functions to try to understand and classify documents. We then measure this against the work products that are expected and improve these results gradually." AI like Supio's is powerful stuff in theory -- but also fraught. Given the sensitive nature of most legal disputes, lawyers and law firms might be reluctant to grant (or be prohibited from granting) a tool like Supio access to any case docs. Late last year, the State Bar of California released guidance instructing legal professionals to refrain from putting clients' information into AI tools that "lack reasonable or adequate security." (Zhou says that Supio stores client data in its country of origin and has security protocols that adhere to privacy regulations including HIPAA and GDPR.) Another concern with AI legaltech is AI's perjurious proclivities. Last year, a group of lawyers with the firm Levidow, Levidow & Oberman, P.C. tapped ChatGPT, OpenAI's AI-powered chatbot, to prepare a personal injury complaint against an airline. The result was disastrous: ChatGPT invented citations, misidentified judges and referred to airlines that don't exist. The federal judge overseeing the case ultimately imposed a $5,000 fine on the lawyers and their employer. Courts are frantically preparing for a rise in inaccurate filings attributable the uptake in AI legal research tools. In November 2023, the U.S. Court of Appeals for the Fifth Circuit proposed a rule (since scrapped) requiring that any professional filing legal paperwork drafted with the help of AI certify that a human reviewed the documents for accuracy and approved them. Earlier that same year, a district judge in Texas issued an order banning the use of generative AI to write court filings without a human fact-check. The risks with AI are such that, in a recent survey of over 300 general counsel and senior legal officers at large corporations, 25% said that they believe their outside counsel shouldn't use AI. A separate poll by Thomson Reuters found that one in five law firms have issued warnings around the use of AI. Zhou makes the remarkable claim that Supio's AI performs "better than human levels of accuracy" and "without hallucinations," i.e. it never fibs. "Supio is providing flexible software featuring AI that can organize unstructured data and produce reliable results because we know timing and accuracy are critical," he said. It's not clear what's meant by "human level"; Zhou didn't share any test or benchmark results. But I would note that just because AI can achieve feats like passing the bar exam doesn't mean it has the skills attorneys gain through experience and education. (The National Conference of Bar Examiners argues as much.) As for the "without hallucinations" bit of Zhou's claim, it's not backed up by data, either -- at least none that Zhou volunteered. Yet some firms believe Supio has promise. According to Zhou, Supio is currently working with around 30 personal injury and mass tort law firms and expects that number to reach 100 firms by the end of the year. The startup's annual recurring revenue has eclipsed $1 million, meanwhile, with most of the money coming from subscription fees that Supio charges based on case volume. It could be a case of keeping up with the Joneses. In a survey of legal execs published by LexisNexis, nearly all (90%) said that they anticipate their investment in generative AI will increase over the next five years; the same poll found that 43% of firms now have a dedicated budget for generative AI. Gartner predicts that the allure of generative AI will drive the legaltech market to $50 billion in value by 2027, almost double what it was worth in 2022 ($25.6 million). Against this dramatic backdrop, Seattle-based Supio keeps chugging along. The company has 27 employees and expects to double headcount in the 12 months. Having raised a total of $33 million, Zhou says that Supio aims to expand its customer base in the near term -- and eventually to "scale to address other law specialities." Bonfire Ventures and Foothill Ventures also participated in Supio's latest tranche (a Series A). Zhou says it was oversubscribed but wouldn't give the valuation.

TechCrunch

Tue, 27 Aug, 4:06 PM UTC

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