Tech consultants in Cyprus have give you ‘revolutionary’ new software program that ought to save legal professionals time – and doubtlessly minimize prices to these looking for authorized assist.
Dubbed the ‘Legal Brain’, the software program combines the very best of machine-learning and Artificial Intelligence with pure language processing to create an “indispensable legal assistant”.
In quick, the platform is programmed to do the legwork, thereby liberating up the precious time of legal professionals and reducing their charges.
“We are not lawyers – we are technology guys who are fortunate enough to be working with a tech-oriented law firm,” explains the co-creator of Neolaw.ai, Constantinos Christofi. “Our goal is to make the lives of legal professionals simpler by bringing them nearer to know-how and giving them the instruments to make it work for them.
“The unlucky circumstances of the previous 12 months have highlighted the significance of know-how in all our lives. For legal professionals and purchasers, Neolaw.ai will cuts prices and, with the prospect of working from home persevering with, the time-saving sources it affords are a game-changer.
“Although there are similar legal tech products all over the world, our Legal Brain tool goes one step further, and in this context it is revolutionary. We have heard of no one else doing this.”
Neolaw.ai is presently being trialled by legal professionals at Elias Neocleous, and a handful of different chosen regulation companies. As effectively because the Legal Brain, the platform consists of informational providers masking points similar to residency, emblems and IP.
Michael Ioannou, who initially conceived the concept, mentioned: “Legal technology exists and it’s everywhere, so there are some components of Neolaw.ai that already exist such as document drafting as per the client’s needs and requests. But the Legal Brain, as a concept, has the potential to grow and grow, and that’s unique. This really is a legal brain.”
Unlike chatbots that solely ship a set variety of responses and are usually repetitive, the Legal Brain is designed to carry out because the frontman for authorized enquiries. Although there may be nonetheless some approach to go, the intention is to enter each Cypriot regulation into the Legal Brain, and each case associated to these legal guidelines, after which practice the ‘brain’ to know the best way to reply any query referring to any of these legal guidelines.
“We have until now only included 44 laws, but the potential of the Legal Brain is such that it will come to the point that it will be as easy as asking a lawyer for answers,” defined Michael.
“This just isn’t a bot with a chat window. The Legal Brain is predicated on pure language understanding and pure language processing with an understanding of the content material of the legal guidelines so it can provide related solutions.
“Currently in Cyprus, the bar association makes use of a software that’s much like a key phrase doc search. In distinction, with Legal Brain you’ll be able to ask a query similar to ‘I am renting an apartment and they want to kick me out, what can I do?’ and the ‘brain’ will present all of the related data from the legal guidelines of Cyprus associated to the query. It looks like you might be speaking with an precise individual.
“At the moment, the software is aimed at making life easier for lawyers so it helps them find relevant cases to go with certain articles of the law, but there’s no reason why, in future, people needing legal advice can’t go to the Legal Brain and get the information they need before having to consult a lawyer.”
Morganne Delledonne, an skilled within the emergence of disruptive applied sciences at funding administration big Global X, mentioned that though the authorized career had been notoriously sluggish in its embrace of recent know-how, Neolaw.ai was treading a path well-trodden by different industries.
She mentioned: “It’s much like one thing inside totally different sectors; healthcare, for instance. With digital well being, there are actually very clever AI algorithms which are serving to with the triage of sufferers earlier than referring individuals to an actual physician. It is one thing that we’ll see increasingly of, and throughout all sectors.
“It’s not surprising to see the legal side of things finally evolving in this way.”
Although Cyprus is principally often known as a vacation vacation spot, lately the federal government has tried to diversify the island’s portfolio, revealing regional tech hub ambitions which are beginning to take form.
In July, the European Innovation Scoreboard named Cyprus as one of many 5 most improved EU nations, rising by 33 per cent since 2014. The report highlighted “very strong increases” in a number of indicators together with enterprise capital, broadband penetration, product innovators and SME collaboration.
George Campanellas, CEO of Invest Cyprus, mentioned the federal government had been actively participating with the island’s private and non-private establishments to “create a healthy environment for innovative ideas to grow and develop”.
“This forward-thinking strategy is key to Cyprus’ growing success and we are seeing more businesses and investors taking up the baton, joining the global race to digitally enhance working environments for the benefit of all,” he mentioned.
Although Neolaw.ai is solely geared toward legal professionals at this stage of its improvement, each Constantinos Christofi and Michael Ioannou are assured that the last word winner would be the public.
Constantinos mentioned: “The authorized trade hasn’t all the time been buddies with know-how and it’s fairly tough to persuade legal professionals of the worth of it, however what we now have here’s a idea that may save purchasers and legal professionals an enormous period of time.
“Neolaw.ai will guide members of the public to the legal point at which they really need to employ a lawyer. That is the intention.”