On Wednesday night, Casetext continued to celebrate the launch of their Generative AI platform, CoCounsel with a special “Invitation only” event during LegalWeek in New York. CoCounsel is powered by OpenAI’s GPT 4 and was the first AI technology to successfully pass a bar exam.
The event included a demo of a new CoCounsel workflow for transactional lawyers called “Market Check,” a brief keynote by Stephen Gillers, Elihu Root Professor of Law Emeritus at NYU, a lively panel discussion about the legal business impact and ethical challenges of AI.
What is Market check? Pablo Arredondo, CoFounder and Chief Innovation Officer at Casetext introduced a live demo of Market Check. This new workflow uses the CoCounsel generative AI technology to analyze a corpus of transactional documents and identify the “market standard” for specific clause types. Currently Bloomberg Law and Intelligize both offer “what’s market” analysis on publicly available documents and enable lawyers to compare one or several draft documents with a market standard. Market check could enable a firm to analyze a custom corpus of internal and/or external documents and ask CoCounsel to deliver results in response to “plain English” questions.
Continue Reading Casetext CoCounsel Event – Professor Stephen Gillers Keynote Declares “The end of legal services as we know it.”