Imagine having a smart and knowledgeable assistant like Mr. Harvey Specter from the TV show Suits. Whenever you need quick legal help or support in making legal documents for your clients, or even an analytical mind to analyze data and provide insights, he’s always available to do these tasks quickly and accurately for you. Yes, we are indeed talking about a brand new artificial intelligence called Harvey, designed exclusively for the legal industry.
What Is Harvey AI?
Harvey AI is a company established by AI researcher Gabriel Pereyra and and former lawyer Winston Weinberg in 2022. This new technology is powered by OpenAI’s GPT-4 model and has financial support from the OpenAI Startup Fund and $21 million by Sequoia Capital.
This new AI is not just another chatbot; it wants to be the main tool for your legal work. Unlike other AIs that might provide incorrect information or fictitious cases, it specializes in creating custom language models for law firms. It can research, analyze documents, make summaries, and create first drafts of emails and memos, all while being supervised by human lawyers.
In their blog post, Harvey highlights the need for highly customized systems to achieve their goal of revolutionizing knowledge work. They are dedicated to securely managing both their own data and their clients’ data, ensuring it is used solely for their clients’ benefit.
Who partners with them?
Despite in a testing phase and not open to the public yet, the AI has captured the interest and enthusiasm of legal experts. For example, LEX247, a native-cloud legal practice management software, is looking forward to seeing is looking forward to seeing how effectively the new AI works with legal tasks and its potential integration to improve legal workflows.
A global law firm, Allen & Overy, with 40 offices and 3,000 employees, has partnered with Harvey AI to automate document drafting and research tasks. This partnership coincides with their plans to merge with Shearman & Sterling.
PwC, a leading professional services firm, made an exciting announcement on March 15, 2023, about a similar partnership. This collaboration will provide PwC professionals with extensive information to speed up finding solutions. It’s important to note that all results generated by Harvey AI will be carefully reviewed by PwC professionals.
On September 21, 2023, Macfarlanes, a prominent London-based law firm with a thousand employees, announced its partnership with this advanced AI while the Singapore Courts made a two-year deal with Harvey AI to strengthen the Small Claims Tribunals Act and make justice more available to local residents.
Conclusion
In conclusion, despite being in its beta phase, Harvey AI is undoubtedly a game-changer in the legal world that has everyone eagerly anticipating its impact. Not in fear of being replaced by the AI; instead, in excitement about how it can simplify legal tasks and enhance access to justice. With strong partnerships and a firm commitment to data security, we believe this AI can improve legal services and reshape the way legal support works.
