Genie AI, a rapidly growing legaltech company, has unveiled a new feature for its AI legal assistant. While Genie AI was already capable of analysing complex legal documents and answering legal queries, it can now comprehensively review entire documents, clause by clause, identifying and explaining potential risks.
Traditional contract analysis has long been a time-consuming and error-prone process. What once took legal professionals days to review and annotate in a 50-page document can now be thoroughly assessed from scratch in just three minutes using Genie AI. Upon uploading a document, Genie AI users can initiate the document review process with a single click. The responses generated are tailored to the entire document, the involved parties, and the context surrounding the user’s specific legal matter.
Nitish Mutha, CTO and co-founder of Genie AI, explains, “We have designed the user experience to be highly interactive, mirroring exactly how you would draft and review a document with another colleague or your lawyer. This is just the start of our move towards multimodal AI, where we offer interactions far beyond chat.”
According to a survey conducted by LexisNexis, 95% of 1000 legal professionals anticipate that AI will have a significant impact on their legal practice. Furthermore, 59% see considerable potential in using AI to draft legal documents. Genie AI is at the forefront of this transformation, with over 1300 law firms, in-house legal teams, and legal professionals, including paralegals, already utilising their AI Legal Assistant. Their reach extends to 30,000 businesses globally.
Liam O’Brian, Head of IT & Data Protection Officer for a UK charity, commends Genie AI’s new feature, stating, “RAG Review provides a really thorough insight into the risks within a legal document. It’s incredibly useful for me and I found the comments it generated on high risk clauses very helpful.”
During its beta phase, Genie AI is offering free access to its AI Legal Assistant. Interested users can register and make use of this innovative tool at https://app.genieai.co/signup.
