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Some legal AI solutions are developed and marketed directly to the customers or consumers, whereas other applications are tools for the attorneys at law firms. There are already hundreds of legal AI solutions that operate in multitude of ways varying in sophistication and dependence on scripted algorithms .
Document AI combines text data, which has a time dimension, with other types of data, such as the position of an address in a business letter, which is spatial. Historically in machine learning spatial data was analyzed using a convolutional neural network , and temporal data using a recurrent neural network .
By her estimation, it would take them six months to review and redline the 1,000-plus contract templates—or about 3.5 months if they worked 24/7 and ignored all other duties.
The interoperable legal documents standardAkoma Ntoso allows machine-driven processes to operate on the syntactic and semantic components of digital parliamentary, judicial and legislative documents, thus facilitating the development of high-quality information resources and forming a basis for AI tools. Its goal is to substantially enhance the ...
Document comparison, also known as redlining or blacklining, is a computer process by which changes are identified between two versions of the same document for the purposes of document editing and review. Document comparison is a common task in the legal and financial industries.
Professional lawyers rely on computer-assisted legal research in order to properly understand the status of the law and so to act effectively in the best interest of their client. They may also consult the text of case judgements and statutes specifically, as well as wider academic comment, in order to form the basis of (or response to) an appeal.
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