[2024 LTAS] From Contract Review to Complaint Drafting... AI-Infused 'Legal Revolution'

13 Companies Including L-Box and Law&Company Participate
Showcasing Legal Tech Such as Case Search and Legal Translation

"A friend borrowed money but disappeared without writing an IOU. Should I start with a lawsuit or a provisional seizure?"

Within 30 seconds of entering the question, an answer was posted. The conclusion was "It is better to apply for a provisional seizure first," along with about 10 sentences of explanation. This is the 'AI DaeryukAju' service introduced by the law firm DaeryukAju. It is the result of a collaboration between DaeryukAju, legal tech company NexusAI, and Naver Cloud. Its Korean language processing ability is excellent, accurately recognizing meanings even when abbreviations or neologisms are used.

Companies participating in the '2024 Legal Tech AI Special Exhibition (LTAS, Legal Tech & AI Show)' held from the 26th to the 28th at COEX Hall A in Samseong-dong, Seoul, are promoting their products at their respective booths. Photo by Choi Seok-jin

At the '2024 Legal Tech AI Special Show' hosted by Legal Times and Messe Isang, leading domestic legal tech companies provided opportunities to directly experience innovative new technologies. The event, held for three days from the 26th to the 28th at COEX Hall A in Samseong-dong, Gangnam-gu, Seoul, featured numerous domestic and international legal tech companies including ▲LexisNexis ▲LBox ▲Law&Company ▲Duzon Bizon ▲BHSN ▲Bering Lab ▲AI Lingo.

Law&Company introduced 'SuperLawyer,' an AI assistant dedicated to lawyers' legal work. When asked, "Tell me how accomplices are punished in recent precedents related to voice phishing," it searched precedents and provided an answer. It offered information based on actual legal data such as precedents and statutes. Additionally, it uses generative AI trained on legal content collected by Law&Company. This minimizes hallucinations and provides precise answers. Hallucination refers to AI delivering false information as if it were true.

LBox showcased 'LBox AI.' When a question is entered, it provides answers based on legal data such as judgments and authoritative interpretations. A distinctive feature is that it first shows the data supporting the answer so users can verify the materials themselves. LBox plans to add essential lawyer functions such as legal document drafting and summarization in July.

Employees of Law&Company are promoting their products at the '2024 Legal Tech AI Special Exhibition (LTAS, Legal Tech & AI Show)' held from the 26th to the 28th at COEX Hall A in Samseong-dong, Seoul. Photo by Choi Yuri

BHSN's all-in-one AI business solution 'AllyB' also stood out. It is a solution that streamlines a wide range of areas with AI, from contract management to corporate legal management, litigation record analysis, and work material management. Applying its self-developed legal-specialized large language model (LLM), it built an AI that best understands legal language. Legal teams of companies applying this improved work productivity by more than 50%.

Legal translation services specialized by Bering Lab were also showcased. 'Bering AI Plus' is a service combining AI translation provided by Bering Lab with review by legal experts. It offers translation services for all types of legal documents including contracts, terms and conditions, articles of incorporation, statutes, and judgments. Its strength lies in accurately capturing legal terminology and nuances in translation. Currently, it serves over 70 global companies including Microsoft (MS), Sony Music, Kakao Games, as well as law firms and patent firms. It claims to triple legal translation productivity and reduce costs by at least 40%.

LexisNexis employees promoting their products at the '2024 Legal Tech AI Special Exhibition (LTAS, Legal Tech & AI Show)' held from the 26th to the 28th at COEX Hall A in Samseong-dong, Seoul. Photo by LexisNexis

Global legal tech company LexisNexis introduced 'Lexis+ AI,' which utilizes generative AI technology and features conversational task execution capabilities not seen in existing legal AI functions. Lexis+ AI provides high work efficiency by concretizing legal answers in a conversational format as if collaborating with a reliable colleague. It also enables fast and accurate drafting of various legal documents by allowing tone, answer length, and position setting. It includes functions to summarize all related legal materials in seconds without clicking all search results and to upload and summarize documents directly.