Harvey AI, an artificial intelligence startup backed by OpenAI, has partnered with one of the world's largest law firms to automate some legal document drafting and research in what the company says could be the first of more such deals.
London-founded law firm Allen & Overy said Wednesday that more than 3,500 of its lawyers have already tested Harvey, which is adapted from OpenAI's GPT software.
Harvey received a $5 million investment last year in a funding round led by OpenAI, whose ChatGPT service has sparked frenzied interest in technology called generative AI that uses a range of inputs to create new content. Several legal technology companies in recent months have rolled out new tools that incorporate the technology, including for drafting and reviewing contracts.
"I think over time it will be a serious competitive disadvantage" for law firms that do not adopt generative AI, said David Wakeling, an Allen & Overy partner who heads its markets innovation group. "We're seeing it as a way of saving our people a couple hours a week-plus" on the time it takes to perform client work, he said about the firm's deal with Harvey. He said the technology serves as a starting point and a human lawyer will always check any AI-assisted work.
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