John Scrudato, the Director of Artificial Intelligence and Innovation at Latham & Watkins, has created OpenContracts, an open-source AI system for analyzing and annotating documents. The system, which is genAI native and utilizes LlamaIndex, allows users to manage, process, and ask questions about contracts and legal documents. It offers features such as document management, layout parsing, automatic vector embeddings, and a human annotation interface. The system also integrates with LlamaIndex and allows for custom data extraction pipelines. OpenContracts is free to use and more information can be found on their website. This initiative showcases the trend of legal professionals developing innovative products for the market, as seen with CompetitionAI built by a lawyer at Clifford Chance. If you are working on a similar project, you can reach out to Artificial Lawyer for support.
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Source link: https://www.artificiallawyer.com/2024/07/04/lathams-scrudato-creates-opencontracts-open-source-doc-ai-tool/
Latham’s Scrudato Develops OpenContracts: Open-Source AI Tool for Legal #ArtificialLawyer
