Israeli AI software whips expert lawyers in contract analysis

Artificial intelligence software developed by an Israeli startup has proved in an international study to be quicker and more accurate at analyzing legal documents than experienced lawyers. The software developed by Tel Aviv based LawGeex was able to analyze nondisclosure agreements with more accuracy and speed than 20 experienced lawyers, the results of a collaborative study between leading US institutions and the company show. Get The Start-Up Israel's Daily Start-Up by email and never miss our top stories Free Sign Up As part of the study the researchers compared the work of the experienced lawyers, some with decades of contract experience, to LawGeex's AI software program, and found that the software was able to achieve nearly 10 percent higher accuracy and complete the task in significantly less time. This study marks the first time that AI technology has been tested with a typical task, such as reviewing a nondisclosure agreement, undertaken by lawyers on a daily basis, the company said in a statement. Both the lawyers and LawGeex's AI software were given five previously unseen contracts, which contained 153 paragraphs of technical legal language that were modeled after common nondisclosure agreements.