AI is faster at evaluating contracts than human lawyers
Sixteen lawyers competed against an AI program based on Alibaba Damo Academy’s Alice deep learning framework. The contestants, who were divided into groups either working with the program or working independently, went through five contracts totaling nearly 20,000 lines of text in 30 minutes.
The AI program found more risks in legal contracts than lawyers by themselves.
Still, the best results came from a team consisting of both lawyers and AI, which found the highest number of risks.
Have a read of the entire article here: https://www.scmp.com/tech/innovation/article/3113058/analyse-ai-faster-evaluating-contracts-human-lawyers-alibaba
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