Genie AI, a rapidly growing legaltech company, has introduced a new feature to its AI legal assistant. While Genie AI could already analyse complex legal documents and provide answers to legal queries, it can now conduct a comprehensive clause-by-clause review, identifying and explaining potential risks.
Traditional contract analysis has long been a time-consuming process vulnerable to human error. A legal professional might have taken days to review and annotate a 50-page document in the past, but now, Genie AI can mark up such a document from scratch in just three minutes. Upon uploading a document, Genie AI users can initiate a document review with a single click, receiving tailored responses that encompass the entire document, the involved parties, and the context surrounding the user’s legal matter.
Nitish Mutha, CTO and co-founder of Genie AI, stated, “We have designed the user experience to be highly interactive, mirroring exactly how you would draft and review a document with another colleague or your lawyer. This is just the start of our move towards multimodal AI, where we offer interactions far beyond chat.”
In a survey conducted by LexisNexis, 95% of 1000 legal professionals expect AI to influence their legal practice, with 59% recognising significant potential in using AI to draft legal documents. Genie AI is at the forefront of this transformation, serving over 1300 law firms, in-house legal teams, and legal professionals, including paralegals, alongside a customer base of 30,000 businesses worldwide.
Liam O’Brian, Head of IT & Data Protection Officer at a UK charity, shared his experience, stating, “RAG Review provides a really thorough insight into the risks within a legal document. It’s incredibly useful for me and I found the comments it generated on high risk clauses very helpful.”
During its beta phase, Genie AI is offering free access to its AI Legal Assistant. To register and use this innovative tool, visit https://app.genieai.co/signup.
