Revolutionizing Legal Clause Analysis with AI and NLP
Extracting clauses from legal documents can be a complex task that requires an understanding of the legal domain and its technical language. While general legal clause analysis is relatively simple, difficulty arises when trying to understand the meaning of the clauses and classify them. This is where machine learning and natural language processing (NLP) programs come into play.
One of the most used language models in the legal domain is the FILAC model. FILAC stands for Facts, Issues, Law, Analysis, and Conclusion. While this model is useful for decision summaries, it has its limitations and does not help with crafting arguments or understanding more about the complaints, defendants, or other aspects of a legal case.
To overcome these limitations, the team at 1000ML developed a better classification system to improve clause extraction results from the FILAC language model. This involved understanding where the clauses were coming from and what they were for. By redeveloping the classification system, the team was able to overcome the limitations of the FILAC model and provide more comprehensive results.
During the episode, you can also learn more about the challenges of extracting clauses from legal documents and the need for a different language model than that used for general clauses. While legal clauses are self-contained paragraphs or sections of text, the technical language used in legal documents can make it difficult to extract them accurately. This is where a specialized language model is necessary.
Overall, legal clause extraction requires a deep understanding of the legal domain and a specialized language model. By overcoming the challenges, it becomes possible to extract clauses accurately and efficiently, which can be a valuable tool for legal professionals.
Let’s cut through the jargon, myths and nebulous world of data, machine learning and AI. Each week we’ll be unpacking topics related to the world of data and AI with the awarding winning founders of 1000ML. Whether you’re in the data world already or looking to learn more about it, this podcast is for you.