Freshfields is exploring a potential multi-billion dollar spinoff of its internal AI unit, joining a wave of significant capital investment in legal technology.
EuroChem has deployed a centralized digital document management system developed by KKMP Tech to streamline legal operations across its international business.
Version 1.1 of the LAB-AA legal AI benchmark now includes hallucination checks to verify that model outputs are grounded in source documentation.
OpenAI and Ironclad have partnered to test the GPT-6 Astra model on 11 legal contracting tasks, resulting in improved accuracy and a 48% increase in processing speed.
A U.S. appeals court has ruled that using copyrighted editorial annotations to train AI models for commercial competition constitutes copyright infringement.
A Florida appeals court has warned that the use of AI in drafting legal documents creates significant burdens for the judicial system due to unverified and disorganized content.
A comparative test of four AI tools analyzing an 88-page legal contract revealed varying levels of accuracy in risk detection and document citation.
OpenAI has introduced Astra for Law, a specialized GPT-6 configuration for legal professionals featuring enhanced data privacy and improved accuracy in case law retrieval.
OpenAI introduced Astra for Law, a specialized GPT-6 model integrated with legal tools and plugins, aiming to enhance research accuracy for law firms.
A new approach to visualizing regulatory changes uses LLMs and the PlyLoom tool to map updates in retail sales rules.
New Mexico Supreme Court sanctioned attorney Stephen Aarons for filing an AI-generated brief containing fabricated testimony and inaccurate legal citations.
Legal AI startup Harvey has raised $550 million at a $15.5 billion valuation, nearly doubling its value in nine months.
A consortium of crypto firms has launched Charter Foundation to reduce token launch setup costs from $70,500 to approximately $35,000.
Leading US law schools are restricting AI and digital devices to preserve traditional academic rigor as legal tech startups see massive investment.
Legal tech startup GC AI has raised nearly $72 million and is valued at $555 million, focusing on AI tools for in-house corporate legal departments.
