LexisNexis® Legal & Professional, is announcing the launch of Lexis+® AI, a generative AI platform designed to transform legal work. According to the press release “Lexis+ AI is built and trained on the largest repository of accurate and exclusive legal content, leveraging an extensive collection of documents and records to provide customers with trusted, comprehensive legal results with unmatched speed and precision and backed by verifiable, citable authority.”  Lexis is not yet announcing the release of the product to the public. They are offering potential users an opportunity to learn about or participate in in the testing and development of the product. It is anticipated that the product will launch in the fall of 2023 and will be marketed as an “add-on” to Lexis+.

“We’re thrilled to bring this transformative technology to customers,” said Mike Walsh, CEO of LexisNexis Legal & Professional. “The Lexis+ AI platform provides first-of-its-kind tools for lawyers to dramatically improve the speed, quality, and effectiveness of their practice and business.”

New Lexis+ AI Features

The Lexis+ AI technology offers conversational search, summarization, and intelligent legal drafting capabilities.

Conversational search Is yet another step toward simplifying the legal research process. Lexis had previously launched several solutions to simply research including Lexis Answers, Lexis Brief Analyzer and Fact and Issue Finder. “Conversational search simplifies the complex and time-consuming legal research journey, providing a search experience for diverse legal questions with citations, facilitating lawyers’ ability to complete research effectively and efficiently. “

Continue Reading Lexis+ AI Launches with Two Customer Initiatives: Commercial Preview and AI Insider Programs

Laura Safdie and Pablo Arredondo Introducing CoCounsel

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.”