Applying AI to Legal Contracts - What's Possible Now

Episode summary: This week's episode explores the current possibilities in applying natural language processing for legal contract review. We speak with Andrew Antos and Nischal Nadhamuni from Klaritylaw, a Boston-based startup focused on using natural language processing (NLP) based information extraction, from non-disclosure agreements (NDAs), in a live setting. We delve into the current and future roles of AI and lawyers with respect to legal contracts. AI is currently being applied in applications like retroactive analysis and information identification in legal documents. According to Andrew and Nishchal, in the future we will see on-the-fly legal content creation from AI tools and NLP being applied to most commercial contracting. Although, one restraint that AI companies presently face in the legal domain is the lack of access to huge amounts of publicly available data. You can listen to the full interview with Andrew and Nischal here: https://www.techemergence.com/applying-ai-legal-contracts-whats-possible-now/ ‎