A British law firm has began using artificial intelligence (AI) chatbots to draft legal documents.

The Financial Times (FT) reported on the fifteenth (local time) that a law firm called Allan & Overy has been testing an AI chatbot called ‘Harvey’ in tasks resembling drafting merger and acquisition contracts or writing memos for clients since November of last yr. Oda recently reported that it had begun to make use of it in earnest.

In response to the report, a variety of British law firms are considering introducing AI chatbots after the looks of ‘ChatGPT’. Amongst them, Alan & Overy was the primary to really use them.

At Allen & Overy, Harvey was made available to three,500 people, including their lawyers. Nonetheless, it has not yet informed its clients, and is reportedly encouraging lawyers to make use of the tool to draft documents.

Harvey is a chatbot based on GPT technology developed by OpenAI. It was developed by Harvey, a startup that received $5 million (about 6.4 billion won) from OpenAI’s startup support fund last yr.

AI chatbots resembling ChatGPT are useful in fields that generate large amounts of text, resembling media, promoting, and education. There are also concerns that folks’s jobs will decrease on this regard.

Nonetheless, Allen & Overy said chatbots won’t replace humans, nor will they reduce costs for the corporate or its customers any time soon. Nonetheless, it is anticipated that the fee will eventually decrease because the technology develops further in the long run.

AI chatbots “are saving time at every level,” said David Wakeling, head of the law firm’s market innovation group. Nonetheless, chatbots can produce inaccurate or misleading results, so the law firm has lawyers fact-check the text Harvey creates.

Karen Silverman, CEO of Cantelus Group, an AI advisory firm, emphasized that “lawyers should aggressively investigate the texts put out by AI chatbots.”

Member Byeong-il jbi@aitimes.com