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AI vs Human Layers: The Ultimate Showdown! [Infographic]
Comparing the Performance of Artificial Intelligence to Human Lawyers in the Review of Standard Business Contracts.
In a landmark study, US lawyers with decades of experience in corporate law and contract review were pitted against the LawGeex AI algorithm to spot issues in five Non-Disclosure Agreements (NDAs), which are a contractual basis for most business deals.
Twenty US-trained lawyers, with decades of legal experience ranging from law firms to corporations, were asked to issue-spot legal issues in five standard NDAs. They competed against a LawGeex AI system that has been developed for three years and trained on tens of thousands of contracts.The research was conducted with input from academics, data scientists, and legal and machine-learning experts, and was overseen by an independent consultant and lawyer.