Sunday, February 25, 2018

Artificial Intelligence Evaluates Contracts Better Than Lawyers

Legal AI platform LawGeex, in cooperation with law professors from Stanford University, Duke University School of Law, and University of Southern California, just published a study of AI vs. lawyers.  Specifically, twenty experienced lawyers were given the same task as AI: four hours to review five non-disclosure agreements (NDAs) and identify 30 legal issues, such as arbitration, confidentiality of relationship, and indemnification.

Lawyers lost. They scored an average of 85 percent accuracy, while the AI scored 95 percent accuracy. The AI also completed the task in 26 minutes, while the human lawyers took 92 minutes on average.