A Canadian company acquires a legal AI for US $ 1 billion

The Vancouvéroise CLIO company intends to carve out a place of choice in the environment of law technology with the acquisition of Vlex. For example, its database and its artificial intelligence (IA) specialized in the legal field. Therefore, If experts recognize that legal AI offers advantages, they mention possible drifts.

It is therefore a question of creating the law firm of the future fed by theIAsays the founder of Clio. Similarly, Jack Newton.

He describes the acquisition. Similarly. In addition, in the amount of 1 billion US dollars, pivotal moment for industry and reaffirms the will to Place Clio clearly in the market leader in combined offer To give yourself the means to canadian company acquires legal ai new stay in the race for the development canadian company acquires legal ai of the best legal artificial intelligence on the planet.

His vision to get there is to add Vlex tools to the Clio administrative software to bring together. Consequently, all the technologies used by lawyers. Moreover, Additionally, Similarly, from the courts to the courts.

This is the first time that the tools of the practice of law. Consequently. In addition, legal research, of theIA legal and drafting solutions managed by theIA are gathered in the same system [managérial] that lawyers use dailyexplains Jack Newton.

According to him. Similarly, the fallout for its users would be a huge gain in efficiency, especially in the face of competition. canadian company acquires legal ai new Therefore, Lawyers who do not adopt theIA And who do not adopt the technology will simply be left behind.

L’IA . For example. productivity – Canadian company acquires legal ai new

A recent scientific article published on the sharing platform Social Science Research Networkwhich has not been evaluated by peers, goes in canadian company acquires legal ai the canadian company acquires legal ai new sense of the words of Jack Newton with regard to the effectiveness of theIA legal.

A test with students in voluntary law from the University of Minnesota. Similarly, the University of Michigan reveals a productivity gain of 38 % (in English) (new window) in five of the six tests for which artificial intelligence Vincent Aideveloped by Vlex. has been used.

Daniel J. Escott. researcher in the laboratory on risks. the regulation of artificial intelligence of the Center of Excellence for Access to Justice at the University of Victoria, nevertheless suggests not to generalize these results.

The conclusions are based on a test with law students. The direct application of these results to experienced law professionals is an important shortcut. canadian company acquires legal ai Fundamental trends would probably canadian company acquires legal ai new be maintained. but the extent of the effects could differ considerably in practice.

Daniel J. Escott does not however reject the usefulness of theIA. The value of artificial intelligence in the field of law lies mainly in its ability to carry out a. large part of the administrative. analytical work which. otherwise, should be carried out either in a non -invorable manner in the private sector, or manually by the staff of the government or the courtshe mentions.

Station hallucinations

Daniel J. Escott mentions that one of the drifts of generative artificial intelligences is the addition in their response of fictitious. out -of -context information, called hallucinations.

The higher research associate at HEC Paris Damien Charlotin describes them canadian company acquires legal ai canadian company acquires legal ai new as an assertion on the part of a model ofIA generative that has no connection with truth. reality.

This lawyer specializing in data and law lists in a database of judgments with hallucinations. Between the month of April and the publication of this article, the researcher identified 210 cases. It turns out that I started when it explodedsays Damien Charlotin.

Most of these hallucinations are generated when people try to defend themselves. but professionals are not safe from this phenomenon, says Damien Charlotin.

We have cases, for example, where professionals have used a IA just to format football notes, and […] They ended up with hallucination even when they wanted to quote something canadian company canadian company acquires legal ai new acquires legal ai that is real.

Damien Charlotin also quotes bad translations. erroneous quotes or unrelevant information, for example something in family lawwhile the case is criminal law.

Jack Newton says for his part that Vincent Ai is based on Vlex data. ensuring that a high degree of reliability.

No system ofIA Generative is not fully immunized against hallucinations. That said. Vincent Ai is designed for legal reliability. with integrated safeguards that considerably reduce the risk of hallucinations and give users the tools necessary to check everything it produces.