In a press release issued todayCasetext announced that its AI legal assistant, CoCounsel, is powered by GPT-4, OpenAI’s latest and most advanced large language model.
In your own ad OpenAI confirmed that GPT-4 is more reliable, creative and able to handle much more nuanced instructions than GPT-3.5. In fact, GPT-4 passed a simulated version of the Uniform Bar Exam (UBE) with a score of about 10% higher than test takers compared to GPT-3.5’s score of 10 % lower.
As the first major law firm to deploy output generated by GPT-4 in the form of CoCounsel, Evan Shenkmansaid the company’s director of knowledge and innovation, “Today’s News About OpenAIThe GPT-4 technology of passing the uniform bar exam (in the top 10%, no less) reinforces how amazing Case textThe CoCounsel, powered by GPT-4 technology, really is. Our company is delighted to have played a role in its development.”
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Fisher Phillips Launches ‘CoCounsel’, Casetext’s Transformative AI Legal Assistant Tool
(March 1, 2023) Fisher Phillips, one of the nation’s leading labor and employment law firms representing employers, is the first major law firm to deploy Casetext’s CoCounsel, an AI legal assistant that performs the most valuable tasks for professionals of law in a unique and easy-to-use interface. .
Legal AI company Casetext developed CoCounsel as the world’s first reliable AI legal assistant, powered by the most advanced large language model OpenAI has ever created. Thus, CoCounsel is able to respond in seconds to natural language instructions and read, understand and write at a graduate level. CoCounsel automates time-critical and time-intensive legal tasks and produces the highest quality work with more speed, precision and accuracy than is humanly possible.
Fisher Phillips legal professionals will use CoCounsel to help them with a wide range of time-consuming tasks, including document review, legal research, and contract review and drafting, giving them more time to focus on the aspects of practicing law that cannot be done by machine.
“CoCounsel is a truly revolutionary legal technology innovation,” he said John Polson, president and managing partner of Fisher Phillips. “The power of this tool to help our attorneys perform efficient legal research, document review, drafting and summarizing has already resulted in immediate and sustained benefits for our clients, and we’ve only scratched the surface of what it offers . We are very proud of the role that Fisher Phillips has played in helping to develop this incredible technology.”
“As the first major law firm to deploy CoCounsel across the firm, Fisher Phillips played an important role in helping Casetext rigorously test CoCounsel, thereby contributing to the development of an AI that meets the high of the legal profession,” he said. Jake Heller, co-founder and CEO of Casetext. It’s great to see them gearing up to make the most of the transformative potential AI has for the practice of law.
OpenAI selected Casetext to adapt its innovative model to the practice of law, building on Casetext’s pioneering work in legal technology for more than a decade, which includes more than 5 years of experience applying large language models to the right And Casetext worked closely with Fisher Phillips and its award-winning knowledge management team, as a beta customer of CoCounsel, to help build a version of the tool that is informed, reliable and secure enough for legal professionals to use . Unlike large, publicly available, generalized language models, all content processed through CoCounsel is end-to-end encrypted and no customer material or data is stored or used to train the AI model . “And because CoCounsel is built on Casetext’s extensive and up-to-date collection of case law and statutes, and because it cites its sources, its AI-generated output is incredibly reliable and efficiently verifiable,” he said. Evan Shenkman, director of knowledge and innovation at Fisher Phillips. “The practice of law will never be the same.”
Since launch, CoCounsel offers these capabilities, with more already in development:
Review of documents. CoCounsel analyzes a set of documents (up to millions) faster than humanly possible and provides comprehensive answers to questions, supported by source citations.
Search a database. Search entire databases and receive a summary response with specific documents containing source information to improve knowledge management by quickly finding key documents such as relevant templates or precedents, previous work product, and internal knowledge .
Legal research report. Ask a research question and within minutes CoCounsel pulls up specific resources and provides an answer with explanations and supporting sources.
To summarize. Interpret and condense critical information in any type of document—including dense agreements, complex contracts, and lengthy opinions—with unprecedented speed and without missing key details.
Contract data extraction. Get answers quickly and a complete list of relevant clauses from each contract in a set, making it easy to track bid terms, dollar amounts and dates accurately.
Compliance with the contractual policy. CoCounsel identifies all clauses in a set of contracts that do not comply with a policy or set of policies, reports the risks of using non-compliant language, and recommends revisions.
Prepare for a deposition. Describe the plaintiff and what the case is about. CoCounsel will identify several highly relevant topics to address during the deposition and clear questions for each topic. Refine topics by including areas of interest or specific topics and you’ll have a deposition outline in no time.
About Casetext (www.casetext.com)
Casetext has led innovation in legal AI since 2013, applying cutting-edge AI to the law to create solutions that enable lawyers to provide higher quality representation to more clients, improve efficiency and accuracy, and gain a competitive advantage. His leadership and contributions in legal AI have been recognized worldwide, including receiving the Technology Pioneer Award from the World Economic Forum for the development of the AI-powered CARA AI brief analysis tool. Today, more than 10,000 law firms, from solo and small practices to more than 40 Am Law 200 firms, rely on Casetext to elevate the quality of their legal practice.
