LawNext

Ep 197: Casetext's Three Top Execs On CoCounsel, GPT-4 and 'A New Age in the Practice of Law'


Listen Later

Now in its 10th year in business, Casetext has introduced a series of unique products over the years that have cemented its reputation as a leading innovator in legal technology and AI. Now, at time when seemingly every legal tech developer is rushing to incorporate the GPT artificial intelligence model into their products, Casetext has unveiled CoCounsel, which it calls the world's first reliable AI legal assistant, and which is powered by GPT-4, OpenAI's just-released latest version of its GPT model.

"GPT-4 leaps past the power of earlier language models," said Pablo Arredondo, chief innovation officer for Casetext. "The model's ability not just to generate text, but to interpret it, heralds nothing short of a new age in the practice of law."

Not only that, but Casetext played a central role in a study to have GPT-4 take the bar exam. Just two months ago, I had legal scientists Dan Katz and Michael Bommarito on this show to talk about their experiment having GPT-3.5 take the bar exam. Spoiler alert: It failed. With the release of the more powerful GPT-4, Katz and Bommarito collaborated with Casetext to conduct the study again. This time, GPT not only passed all three components of the exam, including the essay portion, but it scored in the top 10th percentile.

So what does GPT-4 mean for legal professionals? How might it change law practice? To discuss all of this, host Bob Ambrogi is joined by the three top executives of Casetext:

  • Jake Heller, CEO.

  • Laura Safdie, COO & general counsel.

  • Pablo Arredondo, chief innovation officer.

They discuss what makes CoCounsel different than other AI products in the legal market, how they avoid the problem of "hallucinations," how products such as CoCounsel may change law practice, and how they can help close the justice gap.

Thank You To Our Sponsors

This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out.

Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks.

...more
View all episodesView all episodes
Download on the App Store

LawNextBy Populus Radio, Robert Ambrogi

  • 5
  • 5
  • 5
  • 5
  • 5

5

36 ratings


More shows like LawNext

View all
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

538 Listeners

The Knowledge Project by Shane Parrish

The Knowledge Project

2,691 Listeners

Pivot by New York Magazine

Pivot

9,556 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,087 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,836 Listeners

Founders by David Senra

Founders

2,169 Listeners

NVIDIA AI Podcast by NVIDIA

NVIDIA AI Podcast

333 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,990 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

226 Listeners

The Geek In Review by Greg Lambert & Marlene Gebauer

The Geek In Review

26 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,932 Listeners

Legaltech Week by LawNext Media

Legaltech Week

6 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

501 Listeners

Big Technology Podcast by Alex Kantrowitz

Big Technology Podcast

494 Listeners

Hard Fork by The New York Times

Hard Fork

5,518 Listeners

The Law in Black and White by Populus Radio

The Law in Black and White

7 Listeners

4 The Record by Populus Radio

4 The Record

3 Listeners

The Workday Mindset Podcast by Populus Radio

The Workday Mindset Podcast

43 Listeners

In Good Company with Nicolai Tangen by Norges Bank Investment Management

In Good Company with Nicolai Tangen

184 Listeners