Legal Sifter – Making Complex Contracts Easy-to-understand Using Artificial Intelligence
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 13 December 2016
⏱️ 44 minutes
🧾️ Download transcript
Summary
Kevin Miller, Chief Executive Officer of Legal Sifter explain how their contract interpretation artificial intelligence software helps the lay person and experienced attorney both read and understand contracts faster. The software gives you a second set of eyes to find the hidden terms & conditions that may be overlooked in a contract.
The legal industry is being transformed by artificial intelligence, and democratizing tools like Legal Sifter are allowing people who may find it difficult or too time consuming to hire an attorney to interpret contracts and make education decisions.
Transcript
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| 0:00.0 | Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:07.9 | Future Technologies always to transform our lives for better or worse for the focus of this podcast. |
| 0:13.6 | Almost here means these technologies are now here and starting to be used. |
| 0:18.1 | We're just around the corner. |
| 0:19.7 | From Bitcoin to artificial intelligence 3d printing |
| 0:22.6 | blockchain virtual reality and more hi this is richard jacobs with future tech podcast almost here |
| 0:32.5 | round the corner technology i'm speaking to kevin miller uh ceo of Legal Sifter, it's an application that |
| 0:39.9 | uses artificial intelligence to help people understand contracts, which can be quite complex at |
| 0:45.5 | times. So welcome, Kevin. How are you doing? I'm doing great, Richard. Thank you so much. |
| 0:51.1 | Yeah, thanks for being on the podcast. Really appreciate it. So I gave a two-second description. |
| 0:56.8 | Can you give a little bit better description of what legal sifter does and how it works? |
| 1:02.6 | We're an artificial intelligence company. |
| 1:05.2 | We're based in Pittsburgh, Pennsylvania, and born originally of Carnegie Mellon University, |
| 1:09.7 | and we're using a form of artificial |
| 1:12.7 | intelligence, specifically machine learning and natural language processing to help people digest |
| 1:20.1 | contracts. The way it works is customers upload contracts that have been executed or are in draft form. |
| 1:29.0 | And we have built models that we call sifters that when clicked and selected, |
| 1:36.3 | the customer can navigate the contract faster. |
| 1:39.5 | They zip around the contract faster. |
| 1:41.5 | They uncover hidden terms and conditions that they may otherwise miss when |
| 1:45.1 | they're reading through a 20, 30, 40 page single space document. It helps to ensure they don't miss |
| 1:49.9 | those things by highlighting the clauses that might relate to indemnification. And finally, the sifters |
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