Legal AI Tools Captivate as ChatGPT Takes a Timeout

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In an increasingly digital world, the legal field has had to embrace technology in order to remain competitive. One such technology, known as ChatGPT, has promised to simplify legal processes but has recently been facing some issues. As such, legal professionals are now turning to more mature, legal-specific AI tools to meet their needs.

Law.com Barometer newsletter, powered by the ALM Global Newsroom and Legalweek, is keeping track of these industry changes and disruptions as they take place and informing legal professionals of these trends. This micro-topic coverage gives legal professionals an inside look into the ever-changing legal industry and prepares them for Legalweek 2024, which takes place in New York City from January 29th to February 1st, 2024.

When it comes to the legal field, legal specific AI tools are more relevant and more in demand than ever before. AI tools have the potential to streamline tedious and inefficient processes, making the work of lawyers easier and more efficient. The current legal environment is quickly taking advantage of this technology, replacing tools like ChatGPT.

This move to more mature, legal-specific AI tools is being driven by companies like Global Technology Insights (GTI) Ltd. Founded in 2008, GTI provides AI-powered solutions to simplify legal processes. Their products are designed to understand legal language, records and documents faster and more accurately than ever before.

Another company making waves in the legal AI space is LegalRobot. Founded by Izabella Barros, a legal scholar, LegalRobot seeks to demystify the process of using technological solutions for data extraction and analysis in the legal space. Their goal is to make AI technology more accessible for legal professionals, while also improving the accuracy and transparency of the legal industry’s processes.

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These companies, along with many others, are making it clear that the legal industry needs to rely on more mature, legal-specific AI technologies in order to remain competitive and efficient. By utilizing AI tools, legal professionals can increase accuracy while also streamlining processes. It is no surprise that these tools are gaining more attention and becoming increasingly popular, making this the future of legal technology and process automation.

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