In a landmark study, 20 top US corporate lawyers with decades of experience in corporate law and contract review were pitted against an AI. Their task was to spot issues in five Non-Disclosure Agreements (NDAs), which are a contractual basis for most business deals. The study, carried out with leading legal academics and experts, saw the LawGeex AI achieve an average 94% accuracy rate, higher than the lawyers who achieved an average rate of 85%. It took the lawyers an average of 92 minutes to complete the NDA issue spotting, compared to 26 seconds for the LawGeex AI. The longest time taken by a lawyer to complete the test was 156 minutes, and the shortest time was 51 minutes.

A study conducted by legal AI platform LawGeex in consultation with law professors from Stanford University, Duke University School of Law, and the University of Southern California, pitted twenty experienced lawyers against an AI trained to evaluate legal contracts. Their 40 page report details how AI has overtaken top lawyers in accurately spotting risks in everyday business contracts. The human participants were made up of law firm associates, sole-practitioners, in-house lawyers and general counsel. The LawGeex AI was trained on NDA's using machine and deep learning technologies. To review five Non-disclosure agreements (NDA), a very common kind commercial document.

Artificial intelligence has beaten top lawyers for the first time in a competition to make sense of legal contracts. Researchers found that AI was 10 per cent more accurate than humans in spotting key legal issues with business contracts - an everyday task for most lawyers. The news will stoke fears over the threat AI poses to many jobs, with robots expected to replace 300 million workers worldwide by 2030. Artificial intelligence has beaten lawyers for the first time in a competition to make sense of legal contracts. The contract-reviewing algorithm was created by legal AI platform LawGeex, which has teams based in both New York City and Tel Aviv, Israel.

The nation's top lawyers recently battled artificial intelligence in a competition to interpret contracts -- and they lost. A new study, conducted by legal AI platform LawGeex in consultation with law professors from Stanford University, Duke University School of Law, and University of Southern California, pitted twenty experienced lawyers against an AI trained to evaluate legal contracts. Competitors were given four hours to review five non-disclosure agreements (NDAs) and identify 30 legal issues, including arbitration, confidentiality of relationship, and indemnification. They were scored by how accurately they identified each issue. SEE ALSO: Google's new AI can predict heart disease by simply scanning your eyes Unfortunately for humanity, we lost the competition -- badly. The human lawyers achieved, on average, an 85 percent accuracy rate, while the AI achieved 95 percent accuracy.