Josef, an Australia-based legal tech company, has launched its AI-powered product, Josef Q, which aims to transform policies and regulations into user-friendly digital Q&A tools. Josef Q utilizes advanced artificial intelligence to convert complex legal and compliance content into easily understandable answers for employees and clients. The product was initially introduced as a beta version last March and has now been released for general commercial availability.
The launch event for Josef Q took place in New York City and featured speakers from prominent organizations such as EY, Orrick, and New York University. The development of Josef Q involved six months of extensive research, development, and testing in collaboration with law firms including Orrick and Gunderson Dettmer, as well as in-house legal teams at Bupa, Ferring Pharmaceuticals, Axel Springer, Fnatic, and Liberis, among others. The product has also been utilized in providing guidance on various legal matters, including landlord-tenant laws.
Josef partnered with OpenAI to create Josef Q, which is particularly beneficial for businesses seeking instant answers regarding corporate policies and procedures. It can assist legal, compliance, information security, and HR teams in efficiently addressing policy-related queries from employees. Moreover, Josef Q offers integration with the Office 365 environment, ensuring seamless compatibility for legal and compliance teams.
With its unique features such as summarization, pre-processing, human-in-the-loop training and moderation, answer rating, and user interface design elements, Josef Q stands out in delivering value to high-risk environments. The tool streamlines the process of retrieving specific information by allowing users to query vast databases and receive precise answers tailored to their needs.
During the beta phase, participants utilized Josef Q for a wide range of applications, including legal, compliance, privacy and data, HR, legal operations, and tax-related purposes. The versatile nature of the tool and the successful outcomes achieved during the proof of concept phase highlight its potential to revolutionize how organizations interact with policy and compliance information.
Through the launch of Josef Q, Josef aims to address the challenges faced by businesses in engaging with complex but crucial legal and compliance content. By providing instant access to accurate information and reducing the reliance on junior lawyers to answer frequent queries, Josef Q enables organizations to enhance efficiency, ensure compliance, and mitigate legal risks.
Overall, Josef Q represents a significant advancement in the field of legal tech, offering an innovative solution to transform policies and regulations into user-friendly digital tools. With its successful commercial launch, Josef Q has already garnered interest from major customers and is poised to make a lasting impact on the legal and compliance landscape.
