Last year, a man-versus-machine showdown took place in the United States: Twenty top corporate lawyers from across the country were pitted against an artificial intelligence (AI) software developed by legal technology firm LawGeex, where they reviewed and approved everyday contracts over a period of two months.
The results were astounding: The AI notched a 94 per cent accuracy rate, compared to the human lawyers’ 85 per cent. For one of the tasks — to review five non-disclosure agreements — the five human lawyers took more than 90 minutes. The longest time taken by an individual lawyer was 156 minutes and the shortest 51 minutes. In contrast, the artificial intelligence took a mere 26 seconds.
While AI is unlikely to replace human lawyers anytime soon, if at all, the outcome reflects how this cutting-edge technology can play an important role in the Bar.
Indeed, other forms of technology have already made their presence felt in Singapore’s legal sector. [read more]
Source: Alfred Chua | TODAYonline