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Try Paxton, the legal AI assistant for research, drafting, training, & compliance. Access all US statutes, all published federal case law, EDGAR, & much more.

How Paxton AI can help you:

Streamline legal research by providing rapid access to 60M+ documents.
Optimize document drafting with integration of case law, statutes, and regulations.
Enhance regulatory compliance with comprehensive natural language search capabilities.
Facilitate continuous learning and training for legal teams.

Why choose Paxton AI: Key features

Access to comprehensive legal databases including all US statutes and federal case law.
High-data security measures for document and data storage.
No hallucinated citations, ensuring accurate and trustworthy references.
Personalized document drafting according to users' templates and needs.

Who should choose Paxton AI:

Attorneys and legal professionals seeking efficient legal research tools.
Legal teams looking for onboarding and continuous training resources.
Law firms aiming to optimize document drafting and regulatory compliance.
Legal analysts requiring accurate and fast access to legal documents and statutes.

About Paxton AI

Website

https://paxton.ai

Release Date

February 2024

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Free

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The Future Of Legal Tech: How AI And Automation Enhance Client Service

The legal sector is rapidly transforming due to the integration of technology driven by artificial intelligence (AI) and automation. Law firms and legal departments plan to triple their investment in legal technology by 2025, reflecting a tangible response to the pandemic's acceleration of its adoption. This article explores how these innovations streamline legal operations and dramatically improve client services, offering insights through case studies and expert opinions. As AI becomes a critical component in legal tech, it reshapes how law firms operate and deliver services. Most (82 percent) of those in the legal field believe there is great potential in using generative AI. Let's delve into AI's applications, examining its impact on efficiency and client service quality. In the legal field, AI technology is increasingly utilized across various workflows, revolutionizing how legal professionals conduct research, review documents, and analyze case data. One critical application of AI in legal workflows is automated research. AI tools can identify relevant case law and statutes from extensive legal databases much more quickly than humans. By doing so, AI significantly expedites the process of legal research, allowing lawyers to access crucial information more efficiently. Moreover, AI plays a central role in document review and analysis. Through machine learning algorithms, AI can effectively identify and extract critical information from large volumes of documents, surpassing the capabilities of a human lawyer. Reviewing documents is now easier for legal staff and lawyers, helping them focus on more important and valuable work. Furthermore, predictive analytics powered by AI systems has become a valuable legal resource. These systems can analyze historical case data and predict potential outcomes, providing lawyers with valuable insights to develop more robust legal strategies. By leveraging AI-driven predictive analytics, legal professionals can make data-informed decisions, ultimately enhancing their ability to navigate complex legal cases more precisely. Document automation technology has revolutionized how legal documents are created and managed, significantly enhancing efficiency and precision. By 2025, nearly half of all legal teams will comprise non-lawyers, contributing to improved agility and cost-effectiveness. Utilizing services such as Gavel document automation software offers an array of advantages, including the following: While AI and automation offer many benefits, they raise important ethical and practical questions. The courts have already expressed concern about admitting AI-generated evidence or using large language models. It will likely lead to establishing standards for reliability and admissibility to explore these concerns and potential solutions. Here are some important ethical considerations when using AI in the legal world. When using AI tools, it's important to keep client data secure and safe from unauthorized access. That means implementing strong security measures and using special codes to protect sensitive information. It's imperative to ensure that AI is fair and doesn't unfairly treat people when making legal decisions. We must thoroughly check and test AI programs to remove any unfairness that could affect legal cases. It's essential to set clear rules for judging whether AI-created evidence can be used in court. That means developing standards to check whether the AI evidence is accurate, always says the same thing, and is transparent about how it reached its conclusions. That will help ensure that AI evidence can be trusted in legal cases. The legal tech landscape will likely undergo significant transformation, primarily fueled by continuous advancements in AI and automation technologies. Several key trends are set to shape the future of legal tech, ultimately driving increased productivity and empowering legal teams to operate more strategically while delivering enhanced services. An important focus will be smoothly incorporating advanced computer tools into legal software and platforms. The aim is to automate repetitive tasks, make processes more efficient, and improve the overall effectiveness of legal work. Law firms progressively recognize the value of employing specialized non-lawyers to handle routine and administrative tasks. That approach allows legal professionals to focus on more complex legal matters, ultimately improving productivity and service delivery. Legal organizations will be better equipped to provide clients with real-time updates and personalized services through AI-driven interfaces. These interfaces improve communication and provide a more tailored, client-centric approach to legal services. These emerging trends are poised to significantly impact the legal tech landscape, offering opportunities for improved operational efficiency, strategic decision-making, and enhanced client experiences. AI and automation undeniably transform the legal sector, offering profound improvements in efficiency, accuracy, and client satisfaction. As the legal industry continues to adopt these technologies, law firms that embrace AI and automation will be better positioned to deliver superior client services.

Scoop

Wed, 24 Jul, 12:01 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

Legal Professionals Gain a Strategic Advantage with AI-Powered OpenText Axcelerate with Aviator

Advanced analytics, technology-assisted review, and generative AI empowers legal teams to be more proactive, productive, and powerful WATERLOO, ON, Aug. 8, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) unveiled its OpenText Axcelerate with Aviator, a groundbreaking innovation to its eDiscovery platform, recently enhanced in the company's Cloud Editions 24.3 product release. Designed for legal professionals, Axcelerate with Aviator elevates legal professionals through the power of Large Language Models (LLMs) to drive data-driven insights, mitigate risks, and lower eDiscovery costs. In today's fast-evolving legal industry, the demand for efficient and cost-effective e-discovery solutions is at an all-time high. According to a recent survey conducted jointly by OpenText and Corporate Counsel Business Journal (CCBJ), 54% of corporate legal teams plan to leverage AI to free up time for high-value work, 52% aim to improve decision-making, and 48% seek to increase productivity. Generative AI is playing a significant role in this transformation, with its applications including document summarization, legal research, and compliance monitoring. "Axcelerate with Aviator will revolutionize how in-house legal teams operate," said Michael Acedo, Chief Legal Officer at OpenText. "By leveraging the power of Large Language Models, Axcelerate with Aviator will automate document review giving legal professionals faster access to key facts and evidence to improve early data-driven decisions and gain a powerful strategic advantage in litigation and investigations. With these Cloud Editions 24.3 updates, Axcelerate with Aviator will provide insights that not only reduce e-discovery costs but also empower legal teams to make informed, risk-adjusted decisions." Empowering Attorneys with Advanced AI As legal professionals face mounting pressure to meet client demands and navigate intricate regulatory environments, Axcelerate with Aviator integrates generative AI capabilities, enabling attorneys to: OpenText at ILTACON 2024: Showcasing Innovation in Legal Technology OpenText is proud to participate in the International Legal Technology Association (ILTA) and its flagship conference, ILTACON 2024. This premier educational and networking event, held from August 11-15 at the Gaylord Opryland Resort and Convention Center, brings together leaders, managers, and legal technologists from various organizations to explore innovative legal operation strategies. At ILTACON 2024, OpenText will showcase the OpenText intelligent and composable Smart Legal Platform delivering AI-based solutions and trusted services that support and simplify a full spectrum of critical legal tasks and use cases to meet legal and compliance obligations. Key use cases include, but are not limited to eDiscovery, investigations, legal content management, knowledge management, data privacy and protection, data breach response, and contract intelligence. Attendees will have the opportunity to see demonstrations, including Axcelerate with Aviator, and engage with OpenText experts to understand how generative AI can revolutionize their eDiscovery processes. OpenText invites attendees to visit Booth #831 to delve deeper into our eDiscovery and Legal Content and Knowledge Management solutions and services. OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com. Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication. Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents. View original content to download multimedia:https://www.prnewswire.com/news-releases/legal-professionals-gain-a-strategic-advantage-with-ai-powered-opentext-axcelerate-with-aviator-302217699.html

Market Screener

Thu, 8 Aug, 2:03 PM UTC

Lawyer Desk Unveils AI-Powered "LawBook" Mobile App: The Ultimate Educational Tool for Law Students

LawyerDesk.ai, a trailblazer in AI legal technology, proudly announces the launch of "Law Book", an advanced mobile app designed to redefine legal education for law students across India. This cutting-edge app leverages artificial intelligence to provide an unparalleled learning experience, equipping students with the knowledge and skills they need to excel in their legal careers."LawBook" is a comprehensive educational platform brimming with features that cater to the diverse needs of law students. It combines traditional legal resources with innovative AI-driven tools to create a dynamic and interactive learning environment.Key Features of LawBook:Case Generator: Generate case scenarios based on various types of law, allowing students to practice and hone their legal reasoning and argumentation skills.Legal Research: Access a vast database of legal texts, case laws, statutes, and journals, all easily searchable and regularly updated.Legal Drafting: Tools to assist in the creation of legal documents, helping students learn the intricacies of legal writing and formatting.Learning Tools: Engage with mind maps, notes, flashcards, and AI lawyer personas to enhance understanding and retention of legal concepts.Moot Court Simulation: Experience simulated moot court environments, complete with realistic case scenarios and role-playing, to practice courtroom skills.User-Friendly Interface: An intuitive design that ensures easy navigation and accessibility to all features."We are thrilled to introduce "Law Book", an app that embodies our commitment to innovation in legal education," said ANUSHITA KARUNAKARAM, CEO of LawyerDesk.ai. "By integrating advanced AI capabilities with comprehensive legal resources, Law Book provides a holistic learning experience that prepares law students for the complexities of the legal profession. Our goal is to bridge the gap between theoretical knowledge and practical application, ensuring our users are well-equipped to succeed."The development of Law Book involved extensive collaboration with legal educators and professionals to ensure the app's content is both accurate and relevant. This collaborative effort guarantees that Law Book not only meets academic standards but also aligns with real-world legal practices.About Lawyer Desk: Lawyer Desk is a pioneering legal tech company based in India, dedicated to revolutionizing the legal industry through advanced technology. With a mission to make legal resources accessible and efficient for all, LawyerDesk.ai offers a suite of applications including "Advocase" for legal professionals, "LawBook" for law students, "Prajalok" for the public and "CaseWork" for companies. By integrating state-of-the-art AI with expert insights, Lawyer Desk is setting new benchmarks in legal technology.

CXOToday.com

Tue, 20 Aug, 4:07 PM UTC

Lexlegis.ai Launches Legal AI Platform to Empower Tax and Legal professionals

Transforming Legal Research with AI-Driven Solutions AI-powered legal research assistant reduces weeks of research to secondsPowered by a state-of-the-art LLM trained on in-house legal dataset with over 10 million documentsNow live with Ask - an AI paralegal assistant providing instant answers to legal researchSoon launching Interact - AI-powered document analysis, and Draft - AI-driven legal drafting assistantDesigned to eliminate hallucinations in AI responses by limiting to a trained modelEnsures transparency and clarity in AI's reasoning, including opposing views with Explainable AI (XAI)Plans to launch AI solutions globally by mid-2025 Lexlegis.ai, a pioneering legal tech solutions enterprise, today announced the launch of India's first large language model (LLM) specifically designed for the legal-tech sector. This groundbreaking AI tool is set to revolutionize legal research by delivering unprecedented accuracy and reliability. The platform assists legal practitioners by providing issue-specific judgments and precise citations, significantly reducing the manual effort involved in compiling extensive case documents for Indian courts. With India's judicial system currently grappling with over 44.9 million pending cases, Lexlegis.ai offers a transformative solution. The platform leverages advanced algorithms to accelerate legal research, transforming weeks of work into mere seconds. Built on a vast repository of cases across diverse legal domains, Lexlegis.ai empowers advocates, lawyers, and legal teams to navigate the complexities of the legal landscape more efficiently. The AI's capabilities extend beyond research; it can scan and analyze legal documents, identify relevant information, and flag inconsistencies, drastically reducing the time spent on manual reviews. Lexlegis.ai is a versatile tool designed for use by law firms, government departments, corporate legal teams, SMEs, and independent legal professionals. Technology as a Solution to India's Legal Crisis The overwhelming backlog of cases in India's courts has rendered traditional legal research methods insufficient. Lexlegis.ai's 'Ask' feature, a core component of the platform, delivers precise legal answers in seconds, drastically cutting down research time. This AI-powered tool is poised to enhance the efficiency of advocates, freeing up time for more critical tasks and addressing the inefficiencies that plague the legal system. Speaking on the launch, Saakar S. Yadav, Founder and CEO of Lexlegis.ai, remarked, "India's legal backlog exceeds 44.9 million cases, underscoring the urgent need for innovative solutions to tackle this crisis. Lexlegis.ai is designed to empower judiciary and legal professionals with AI-driven tools that simplify and sharpen research. Our forthcoming features, Interact and Draft, will further streamline legal processes, enabling professionals to save time and improve accuracy. We intend to introduce more workflows and processes to practice management platform not only in India but even in other countries in near future." Endorsement of AI Integration in Legal Processes Highlighting the critical role of AI in the legal sector, Suhail Nathani, Managing Partner, Economic Laws Practice (ELP), stated, "Lexlegis has set the ball rolling by delivering a high-quality AI tool in a complex and enormous area of information. They are a pioneer in what is undoubtedly the future of the knowledge industry. ELP is proud to be part of this trail blazing journey with them." About Lexlegis.ai Lexlegis.ai is a cutting-edge legal technology startup based in India, dedicated to transforming the legal landscape through AI-driven solutions. Co-founded by the late Shri S. C. Yadav, a retired Chief Commissioner of Income-tax, and his son, Mr. Saakar S. Yadav, Lexlegis.ai aims to expedite legal research and enhance access to justice. Leveraging a Large Language Model (LLM) trained on over 10 million Indian legal documents, Lexlegis.ai delivers concise, accurate, and meaningful answers to legal queries in seconds, complete with supporting sources and citations. Lexlegis.ai has a seasoned leadership team, including CEO Mr. Saakar S. Yadav, CTO Mr. Vishrut Shrivastava, and COO Mr. Praveen Sood, Lexlegis.ai is at the forefront of legal innovation, driving efficiency and accuracy in legal processes across India.

CXOToday.com

Sun, 25 Aug, 10:01 AM UTC

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