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Thursday, July 18, 2024

Genie AI Introduces Free Advanced AI Legal Assistant for Businesses

London-based AI legal tech company, Genie AI, has unveiled the first public version of its AI legal assistant.

This new technology seamlessly integrates with your legal documents, regardless of their length or complexity. It is readily available to chat and assist, capable of comprehending intricate questions about your documents, and can refer to specific clauses or schedules in its detailed responses. Over time, it tailors its answers to align with your business and legal preferences by learning to interpret context from prior conversations.

Genie AI also offers example prompts, endorsed by senior lawyers, to help users maximise the benefits of their AI legal assistant. The AI legal assistant is already being used by Genie AI’s 25,000 users as their “secret weapon” during contract negotiations.

Rachel Coles, a Payroll Manager and current Genie AI user, commented, “Genie’s AI legal assistant is the perfect support for a legal contract – I can ask for definitions on terms I’m unsure of and feel confident that my contract is reliable. It’s going to be so helpful for companies like mine moving forward.”

It’s not just business managers embracing legal AI; a 2023 survey from Thomson Reuters found that 82% of law firms believe generative AI can be efficiently applied to legal work.

The first version of Genie’s AI legal assistant aligns with this sentiment by employing a variety of AI models to ensure effective results. Additionally, Genie enhances these models with extensive testing, relevant legal and commercial context, and user analytics, ensuring that users receive the most accurate responses. This provides a better overall service compared to standalone models such as GPT-4.

Nitish Mutha, CTO and co-founder of Genie AI, stated, “This initial public release of our AI Assistant showcases just the chat infrastructure, but soon users won’t just get answers to questions, they’ll get an AI agent which directly edits and updates their legal documents. Our goal is to create an AI legal assistant which acts just like a team member, but accomplishing work at 100x the speed, while accessing a mass of knowledge that no one person or law firm alone could possibly hold.”

Genie AI’s future roadmap includes introducing various legal AI “spells” to its AI assistant portfolio, offering highly personalised and context-specific legal assistance. These applications will range from reviewing documents (or entire document datasets) with your specified party’s risk, customising documents based on changes to case law, to creating entirely bespoke agreements from scratch.

To gather feedback from the public, Genie AI is offering unlimited free usage during its beta phase.

To try the AI legal assistant, visit https://app.genieai.co/signup

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