A 2024 LexisNexis survey of managing companions and C-suite leaders at main legislation companies and Fortune 1000 firms discovered that just about all authorized executives (90%) count on their funding in Generative Synthetic Intelligence (Gen AI) applied sciences to extend over the following 5 years. The survey additionally discovered that roughly one-half (53%) of Law360® Leaderboard Pulse companies have already bought Gen AI instruments.
Along with the number of general-purpose AI instruments accessible to companies and shoppers, the previous 12 months has additionally seen the emergence of commercially accessible Authorized AI instruments — Gen AI instruments skilled particularly for the authorized career. Many authorized professionals try to determine how they will make the most of the alternatives afforded by this new expertise whereas minimizing the risks which are well-documented within the {industry}.
We lately printed “The Definitive Guide to Choosing a Gen AI Legal Research Solution,” a free purchaser’s information that particulars what legislation companies and in-house authorized departments ought to search for to allow them to choose probably the most acceptable answer for his or her group. Over the course of the following a number of weeks, we shall be publishing a collection of weblog posts which are drawn from the 5 pillars addressed within the purchaser’s information.
We kick off the collection right now by unpacking the significance of the Gen AI mannequin itself. Earlier than continuing on the journey to amass a Authorized AI answer, it’s essential to grasp that not all Gen AI fashions are created equal.
Strengths and Weaknesses of LLMs
There isn’t a have to change into an professional in software program engineering with a purpose to be a savvy purchaser of a Authorized AI answer, but it surely does assist to study a bit about Large Language Models (LLMs) — a sort of AI which are skilled on huge quantities of knowledge to imitate human intelligence — and the way they function.
The very fact is that completely different LLMs have their very own strengths and weaknesses. Listed here are a number of key variations between a few of the LLMs used to energy numerous Authorized AI options you will see available on the market:
- Structure — Totally different underlying “neural community architectures” will impression capabilities, which is why some LLMs are higher at duties reminiscent of translation or summarization.
- Measurement — LLMs can vary from tens of millions to trillions of parameters, so bigger fashions are usually extra succesful whereas smaller fashions could be extra environment friendly.
- Coaching Knowledge — Fashions skilled on authorized information can have completely different strengths than these skilled on normal function textual content, an essential consideration for legislation companies and in-house authorized groups.
- Wonderful-Tuning — LLMs could be additional refined on area of interest datasets to enhance their capabilities in particular domains.
- Public vs. Proprietary — Open supply LLMs enable for higher transparency, whereas proprietary fashions supply a deeper understanding of the consumer’s intent and might subsequently ship increased high quality responses.
The Multi-Mannequin Strategy
There may be one other technique accessible to Gen AI growth groups that enables customers to learn from the distinctive capabilities of every LLM whereas balancing out every one’s weaknesses: A multi-model method that attracts from a couple of LLM within the creation of a brand new instrument, enabling it to supply outcomes that surpass that of anyone mannequin.
Inquiries to Ask Concerning the Gen AI Mannequin
When evaluating a Authorized AI answer, listed here are some inquiries to pose to the supplier about their Gen AI mannequin:
- Do you utilize a single mannequin or a multi-model method for creating your product?
- What’s the common time the AI takes to return a solution?
- Are there any limitations on the variety of prompts you may pose every day?
- What’s the underlying structure of the AI mannequin and the way does that design impression its capabilities to carry out legal-specific duties?
- Was the Gen AI mannequin skilled on legal-specific information or open-source information?
- Does your AI answer incorporate a retrieval-augmented era framework to search out an hyperlink related supply paperwork?
Lexis+ AI is our breakthrough Gen AI platform that we imagine will rework authorized work by offering a collection of authorized analysis, drafting, and summarization instruments that delivers on the potential of Gen AI expertise.
Lexis+ AI pairs our unsurpassed authorized content material with breakthrough Gen AI expertise in a manner that might redefine the best way that authorized analysis is carried out and authorized work product is created. Its solutions are grounded on this planet’s largest repository of correct and unique authorized content material from LexisNexis with industry-leading information safety and a focus to privateness. Click on here to request a free trial.
To obtain a duplicate of The Definitive Information to Selecting a Gen AI Authorized Analysis Answer, please click on here.
