Competition heats up to launch AI-based legal services

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Source: The Korea Times

After the advent of OpenAI’s ChatGPT in 2022, the Korean legal services market, previously hesitant to adopt new technologies, is now witnessing a surge in the use of generative artificial intelligence (AI), according to industry officials, Tuesday.

Just like companies in other industries, major law firms in Korea, as well as the prosecution and courts, have begun collaborating with tech companies to develop AI solutions for legal affairs.

DR & Aju recently became the first Korean law firm to provide AI-based legal advisory services.

In collaboration with Naver Cloud and a legal tech startup called Nexus AI, the law firm started allowing everyone to receive legal advisory services anytime through AI DR & Aju.

“Nexus AI developed the service by using DR & Aju’s accumulated data and Naver’s hyper-scale large language model, HyperCLOVA X,” a DR & Aju official said. “The service features high-quality responses based on a large law firm’s verified data and HyperCLOVA X-based parameter-efficient fine-tuning, prompt engineering and retrieval-augmented generation technologies.”

During a demonstration session last Wednesday, AI DR & Aju generated answers to each question within 30 seconds. However, it gave 88 correct answers and 12 incorrect responses to 100 questions.

“The service will be improved through continuous learning and will eventually be able to draw up legal documents based on more correct answers and analyses,” Nexus AI CEO Lee Jae-won said at the session.

AI DR & Aju was launched as LexisNexis, America’s leading legal tech company, possessing clients in 150 countries, released Lexis+AI in Korea to preempt the generative AI-based legal services market.

The U.S. firm’s service is currently specializing in both British and American laws, but LexisNexis plans to develop an AI service specifically for Korea’s laws and precedents. Lexis+AI is also seen as generating fewer incorrect answers, thanks to America’s tendency to disclosing the entirety of judgments to the public.

In response to the intensifying competition, Korean legal tech companies, which have developed AI-based legal services earlier than major law firms here, have been accelerating efforts to come up with more advanced technologies.

Intellicon, which launched an AI-based legal adviser, Law GPT, last May, developed Korean Adaptive Legal Language AI (KOALLA) last month. Law & Good, which also launched ChatGPT-based Law & Bot last May, developed a chatbot specializing in Korean financial regulations last month.

Read full article: https://m.koreatimes.co.kr/pages/article.amp.asp?newsIdx=371416

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