Thomson Reuters’ AI debut signals a new era of widespread AI integration in legaltech — from nydailyrecord.com by Nicole Black
It shouldn’t surprise you to learn that legal technology companies have joined the fray. Since early 2023, over one hundred announcements from legal technology companies have emerged, detailing plans to incorporate generative AI functionality into their products. Although most products are stillfirm;eta, rest assured that regardless of the software platforms used in your firm, you can expect that generative AI will soon be seamlessly integrated into the tools that are part of the daily workflows of legal professionals in your firm.
Proof in point: Wednesday’s generative AI announcements from Thomson Reuters offer strong evidence that we’re entering a new era of widespread AI integration. For Thomson Reuter’s legal customers, the integrated generative AI experience will soon be a reality and readily accessible across several different products. This newfound capability largely stems from leveraging CoCounsel, a generative AI legal assistant tool acquired by Thomson Reuters as part of the acquisition of Casetext for $650 million, which was completed in August.
Ironcrow AI’s LLM Sandbox: Setting an Industry Standard — from mccrus.com by McCoy Russell; with thanks to Mr. Justin Wagner out on LinkedIn for this resource
As an innovative firm, McCoy Russell has been at the forefront of patent law with its development and use of proprietary AI software via its software arm Ironcrow AI. Recently, Ironcrow has invested substantial efforts to create a specialized AI LLM Sandbox as a key tool for patent professionals.
Ironcrow is excited to announce a groundbreaking achievement in the field of AI/ML for Patent Law professionals – Ironcrow’s specialized AI LLM Sandbox has achieved a score above the 70% threshold required to pass the patent bar exam, using a test set of questions. While other researchers have developed tools to pass a state bar exam, none have attempted to pass the specialized patent bar exam administered by the USPTO.
This remarkable feat showcases the innovation by the Ironcrow and McCoy Russell partnership and the ability of the LLM Sandbox’s “Interrogate” feature to answer questions based on the knowledge of the patent procedure. The Sandbox can provide well-cited answers along with relevant excerpts from the MPEP, etc., to its users. This unique feature sets Ironcrow AI’s LLM Sandbox apart from other systems in the market.