I assume lawyers could benefit from a tool that can summarize a large document rapidly. They’re often faced with thousands of pages of documents, and in large class actions possibly hundreds of thousands to millions.
> I assume lawyers could benefit from a tool that can summarize a large document rapidly. They’re often faced with thousands of pages of documents, and in large class actions possibly hundreds of thousands to millions.
That tool is a human called a Junior Associate.
And, no, you cannot replace a Junior Associate with AI for the reasons already outlined by @kkielhofner below. TL;DR: context... Junior has it. AI doesn't and will never do.
I imagine for use cases such as class action there may be a place for AI to effectively extract information from hundreds or thousands of similar but slightly different contracts. Same goes for other such situations, such as commercial landlords with significant rent portfolios, investors/banks with loan terms, or even investors more easily understanding the difference between various bond and/or loan terms.
One of the key advantages of the recent advances in AI/ML to me is that it allows users to more efficiently extract unstructured information.
That tool is a human called a Junior Associate.
And, no, you cannot replace a Junior Associate with AI for the reasons already outlined by @kkielhofner below. TL;DR: context... Junior has it. AI doesn't and will never do.