Pablo Arredondo, CIO and co-founder of CaseText, an AI platform for legal technology, has introduced Co-Counsel - a suite of AI tools based on Chat-GPT4, currently the most powerful AI model used to simplify legal research and brief drafting. The tools are said to have a robust guarantee of truth anchorage, thus avoiding cases of hallucinations, by using retrieval augmented generation in which the AI only bases its answer off real case law. The products have had a positive response so far, with beta clients ranging from in-house counsel at major companies to small boutiques. Arandondo concludes that while AI may redefine some tasks and billing paradigms in legal practice, it cannot replace lawyers entirely.
He believes that there will always be areas within the legal profession that require human engagement and cognition. Arredondo further recommends some crucial points legal practitioners should consider when searching for a legal AI assistant - namely, ensuring the company is not exposing them to risks such as hallucinations, insisting on a trial, and ensuring open-ended queries. Lastly, he describes the company’s association with OpenAI as been a resounding success and an opportunity to serve as domain experts in law.
