Tell HN: AI legal contract review is already screwing up
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I had lunch with a lawyer friend today, who told me that their morning was surreal. At their meeting to go over the latest contract draft, the client introduced new AI software they had purchased (who is selling this???) and its list of recommended changes.
Every single recommendation was worse for the client, and after explaining the reasons, the call lasted longer than it normally would have, so the bill to the client was higher. The lawyer asked if AI was really that stupid, or if their contracts were really that amazing, because then they should be charging a lot more for them.
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I would bet money the software is querying GPT4 with a prompt like "Please analyze the contract below and recommend improvements..." Then they turn around and market it enough to make a crypto company blush.
Maybe a very thorough finetune on a massive legal corpus from your jurisdiction, hooked up to a good database, would make something interesting. But I doubt anyone has done this so quickly.
Company A runs contract through AI software, which recommends changes.
Lawyer spends a lot of time explaining to Company A that the recommended changes are beneficial to Company B and detrimental to Company A, and charges $X for every 6 minutes of explanation time.