Event Title
Event Website
https://vimeo.com/835882971
Start Date
9-6-2023 10:00 AM
End Date
9-6-2023 11:00 AM
Description
Here, Gaurav Oberoi (CEO and Founder, Lexion) & Jessica Nguyen (Chief Legal Officer, Lexion) discuss Lexion and how it will change the legal industry. Lexion seeks to revolutionize how companies manage the contracts that they use. It has begun to corner a particular market in the rapidly growing field of Artificial Intelligence (AI), helping in-house attorneys to improve their workflow by automatically analyzing documents. By using AI, the program can successfully remove what the CEO of Lexion refers to as “low value” work. This allows overworked in-house attorneys to not only do more work in a faster time frame, but to also focus on big picture legal matters for the company without spending as much time on the minutiae. But how will this impact the legal profession, and more broadly, the corporate world? Will lawyers and other positions be replaced by this technology? Or simply enabled by it? While the future may be uncertain, current limitations of programs that utilize AI require that, ultimately, a human must review the program’s output.
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Session 1b: Innovation in Legal Contracts and Deals - How Lexion is Incorporating AI into Document Revision
Here, Gaurav Oberoi (CEO and Founder, Lexion) & Jessica Nguyen (Chief Legal Officer, Lexion) discuss Lexion and how it will change the legal industry. Lexion seeks to revolutionize how companies manage the contracts that they use. It has begun to corner a particular market in the rapidly growing field of Artificial Intelligence (AI), helping in-house attorneys to improve their workflow by automatically analyzing documents. By using AI, the program can successfully remove what the CEO of Lexion refers to as “low value” work. This allows overworked in-house attorneys to not only do more work in a faster time frame, but to also focus on big picture legal matters for the company without spending as much time on the minutiae. But how will this impact the legal profession, and more broadly, the corporate world? Will lawyers and other positions be replaced by this technology? Or simply enabled by it? While the future may be uncertain, current limitations of programs that utilize AI require that, ultimately, a human must review the program’s output.
https://digitalcommons.law.seattleu.edu/sitie_symposium/sitie2023/introduction/3