Source: Addleshaw Goddard
The RAG Report: Can Large Language Models be good enough for legal due diligence?
There is a huge opportunity for the application of Generative AI to legal work. Addleshaw Goddard has been embracing this new technology over the past two years, building out their understanding and AI capabilities. Following months of research into the validity of Large Language Models and a Retrieval Augmented Generation approach to legal, Addleshaw Goddard shared their findings to provide insight into the realities of using Generative AI in law.
This comprehensive research report sets out the work carried out by their Innovation Group to develop and test a robust method of using Large Language Models to review documents in the context of an M&A transaction legal due diligence project.
The research includes learnings from developing AGPT, Addleshaw Goddard’s internal LLM based solution for chat and document review, the steps being taken to develop an M&A transaction specific platform and the optimisation process taken to get the RAG solution from a performance of 74% accuracy to upwards of 95%.
Read the full report here: https://www.addleshawgoddard.com/en/insights/insights-briefings/2024/technology/harnessing-power-large-language-models-legal-document-review/
