Legaltech companies leverage generative AI in new tools

LawCPD and LexisNexis have both unveiled landmark solutions geared towards the Australian market

Legaltech companies leverage generative AI in new tools

LawCPD and LexisNexis have leveraged generative AI in new tools they’re releasing to the Australian market.

LawCPD has unveiled a tool touted by the legal education company as a first of its kind in the area of legal training. It was developed using generative AI technology and provides personalised feedback and guidance to lawyers to facilitate their personal development.

“This groundbreaking AI-powered feature signifies a huge shift in online education”, LawCPD co-founder Sarah Mateljan said.

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Meanwhile, LexisNexis has launched generative AI solution Lexis+ AI to the Australian market in a commercial preview.

The solution leverages generative AI in combination with the company’s legal library, rapidly processing over a million documents. According to LexisNexis, Lexis+ AI is expected to save lawyers in Australia 11 hours a week on average with regard to research, drafting, client communications, and case summarisation.

Lexis+ AI features include conversational search, which simplifies the legal research process, enhanced summarisation for quicker document analysis, generative document drafting to assist in the creation of initial legal drafts, and document upload capabilities for fast insight extraction from legal documents. These features are supported by encryption and privacy technology, ensuring data security.

The solution was first introduced in the US, followed by the UK and Canada. For the Australia commercial preview, LexisNexis has received the support of Clayton Utz and Holding Redlich.

“We are supporting the research and development of generative AI across the industry. The LexisNexis roadmap will be closely watched and will inform our own innovation programme”, Holding Redlich chief knowledge officer Keren Smith said.

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