SearchFlow, the UK’s largest provider of legal due diligence data for residential and commercial property transactions, has released a new edition of its PropTech AI Whitepaper series, which focuses on providing lawyers with an insight on Natural Language Processing (NLP) and its implication on legal practice.
It considers the practical applications of NLP and provides examples of existing AI platforms, which use machine learning to read and analyse documents in the same way a human does. The Guide gives property professionals a concise and valuable introduction to NLP, and how it can create lasting opportunities for business efficiency, responsiveness and the delivery of unique value to clients.
Adam Groom, Head of Product, SearchFlow: “The reality is that computers are increasingly understanding complex areas of human language, they can already engage in conversations with them, which has huge implications for the Legal and PropTech sector.
“AI and NLP are starting to make the flow of complex property related information more accessible to electronic workflows. The aim is to create a more seamless conveyancing process and extract the areas of advice and real issues for the expert lawyer. The future is very bright for the profession; it will remove the time-consuming drudgery and free law firms to focus on delivering value to customers.
“We understand law firms need to decide whether to invest in such R&D themselves, or whether to trust the development and innovative risk to a specialist third party. In this paper we explain the how our breadth of business can bring unique value”
To download a copy of the new SearchFlow AI Guide, visit: https://info.searchflow.co.uk/nlp-guide.