Casetext Unveils CoCounsel, the Groundbreaking AI Authorized Assistant Powered by OpenAI Know-how – Authorized IT Professionals

Casetext Unveils CoCounsel, the Groundbreaking AI Authorized Assistant Powered by OpenAI Know-how

World Information

01
Mar
2023

Editor

At this time, authorized AI firm Casetext unveiled CoCounsel, the primary AI authorized assistant. CoCounsel leverages the newest, most superior massive language mannequin from OpenAI, which Casetext has personalized for authorized follow, to expertly carry out the talents most dear to authorized professionals.

“Our AI authorized assistant is the primary of its variety,” mentioned Jake Heller, co-founder and CEO of Casetext. “It creates a momentous alternative for attorneys to delegate duties like authorized analysis, doc overview, deposition preparation, and contract evaluation to an AI, liberating them to concentrate on probably the most impactful facets of their follow.”

CoCounsel introduces a groundbreaking manner of interacting with authorized expertise. For the primary time, attorneys can reliably delegate substantive, complicated work to an AI assistant—simply as they’d to a authorized skilled—and belief the outcomes.

“Casetext has reworked the AI panorama with CoCounsel,” noticed Scott Bailey, Director of Analysis and Information Providers at Eversheds Sutherland, a CoCounsel beta buyer. “The facility of this expertise, deployed in a product that’s safe and dependable, is a big leap ahead in what authorized expertise can do.”

Not like generalized, publicly accessible massive language fashions, CoCounsel is a product that gives the reliability and safety important for authorized issues, that are specialised, complicated, and confidential. In constructing CoCounsel, Casetext has coupled the immense technological energy of OpenAI’s most superior mannequin with its personal proprietary authorized databases and market-leading authorized search system, Parallel Search. In consequence, CoCounsel can carry out substantive duties reminiscent of authorized analysis, doc overview, deposition preparation, and contract evaluation extra shortly and precisely than ever earlier than doable. Most significantly, CoCounsel produces outcomes attorneys can depend on for skilled use and retains clients’—and their purchasers’—knowledge non-public and safe.

“CoCounsel is a very revolutionary authorized tech innovation,” famous John Polson, Chairman and Managing Companion of Fisher Phillips, the primary main legislation agency to deploy CoCounsel firm-wide to its 500+ attorneys. “The facility of this instrument to assist our attorneys carry out environment friendly authorized analysis, doc overview, drafting, and summarizing, has already resulted in fast, sustained advantages to our purchasers, and we’ve got solely scratched the floor of what it has to supply.” 

To tailor common AI expertise for the calls for of authorized follow, Casetext established a strong belief and reliability program managed by a devoted workforce of AI engineers and skilled litigation and transactional attorneys. Casetext’s Belief Staff, which has run each authorized ability on the platform by means of 1000’s of inside exams, has spent practically 4,000 hours coaching and fine-tuning CoCounsel’s output based mostly on over 30,000 authorized questions. Then, all CoCounsel functions had been used extensively by a gaggle of beta testers composed of over 400 attorneys from elite boutique and world legislation corporations, in-house authorized departments, and authorized help organizations, earlier than being deployed. These attorneys and authorized professionals have already used CoCounsel greater than 50,000 instances of their day-to-day work.

“CoCounsel is totally altering the equation for legislation corporations,” Chris Austin, Director of Information and Data Administration at Bowman and Brooke LLP, said. “Our agency has been a part of Casetext’s rigorous beta testing program from its first few days, and the advantages have been immense. CoCounsel would not simply eradicate important but time-consuming work, it allows our attorneys to develop into extra agile and exact—it is altering how we follow legislation for the higher.”

Wendy Butler Curtis, Chief Innovation Officer at CoCounsel beta buyer Orrick, Herrington & Sutcliffe LLP, commented, “Like our purchasers, we take note of expertise that has the potential to enhance outcomes and make work higher. We have already seen CoCounsel’s expertise add worth and we’re excited to discover further methods our groups can embed it in our follow.”

CoCounsel’s velocity and high-quality output allow attorneys to concentrate on probably the most priceless components of their follow and tackle initiatives that might in any other case be not possible.

Immigration lawyer and CoCounsel beta buyer Greg Siskind mirrored, “We’re engaged on a category motion case on behalf of Ukrainian refugees who had been improperly charged tens of millions of {dollars} in unlawful charges. CoCounsel has been instrumental in supporting us. It was capable of expedite the vetting means of a authorized concept that’s foundational to our arguments at superhuman velocity.”