With each new law that passes or court ruling, the vat of legal knowledge in the world just keeps growing. Even the best legal scholar would have a hard time keeping abreast of it all -- and the current search engines on products like LexisNexis leave a lot to be desired.
ROSS Intelligence is a startup in our current class that is leveraging artificial intelligence to help people power through legal research efficiently and accurately.
TechCrunch's Kim-Mai Cutler wrote about ROSS Intelligence in a story published this week:
"Today, ROSS says that the market size for legal research software is about $8.4 billion per year, given the roughly 1.3 million lawyers in the U.S. and Canada.Read more in-depth about ROSS Intelligence and how it works in TechCrunch here.
'There are thousands of laws are being published each day,' said [ROSS co-founder Andrew] Arruda, who spent several years in legal research. 'But until recently, have our computers have had a very superficial understanding of natural language. ROSS pretty much mimics the human process of reading, identifies patterns in text, and provides contextualized answers with snippets from the document in question.'"