AI outpaces lawyers in reviewing legal documents, new study finds - AI News

Experienced lawyers in the US have been left behind by AI when it came to reviewing legal documents according to a new report – with the lawyers exhibiting 85% average accuracy compared to 94% average accuracy rate achieved by AI software. This revelation is based on a study carried out by professors at Duke Law, University of Southern California, and Stanford Law School. Metaphorically, the study was a race between LawGeex, an AI contract review platform provider, and a team of 20 top corporate lawyers with notable experience particularly in reviewing Non-Disclosure Agreements (NDAs). For the study, the lawyers and the LawGeex AI had to analyse five previously unseen contracts with 153 paragraphs of technical legal language, under controlled conditions precisely prepared the way lawyers review and approve everyday contracts. The highest performing lawyer stood in line with LawGeex AI by achieving 94% accuracy but the average accuracy achieved by the least performing lawyer stood at just 67%.