London-based AI legal tech company, Genie AI, has launched the first public version of its AI legal assistant.
The new technology can sit alongside your legal document no matter how long or complicated. It is ready to chat and assist, can understand complex questions about your document, and refer to specific clauses or schedules in detailed responses, providing answers increasingly tailored to you, your business, and your legal preferences by learning to interpret context from past conversations.
Genie also provides example prompts, tested by senior lawyers, to help users learn how to get the most out of their AI legal assistant. Genie AI’s 25,000 users are already using the AI legal assistant as their ‘secret weapon’ during contract negotiations.
Payroll Manager and current Genie AI user, Rachel Coles, says: “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 either – according to a 2023 survey from Thomson Reuters, 82% of law firms believe generative AI can be efficiently applied to legal work.
The first version of Genie’s AI legal assistant embraces this sentiment by employing a variety of AI models to deliver effective results. Furthermore, Genie augments these models with extensive testing, relevant legal and commercial context, and user analytics to ensure that users receive the most accurate response. This results in a better overall service than using a standalone model such as GPT-4.
CTO and co-founder of Genie AI, Nitish Mutha, says: “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 a range of legal AI ‘spells’ to its AI assistant portfolio, aimed at offering highly personalised and context-specific legal assistance. These applications will range from reviewing a document (or whole document datasets) with your specified party’s risk, customising documents based on changes to case law, and even creating entirely tailored agreements from scratch.
In an effort to acquire feedback from the public, Genie AI is offering unlimited free usage during its beta phase.
To try the AI legal assistant, go to https://app.genieai.co/signup.
Jenny has been reporting on small business issues since 2001 where she held a number of freelance positions across the leading SME publications in the UK. Specialist subjects included SME financing and tax.