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Large Language Models in Cryptocurrency Securities Cases: Can a GPT Model Meaningfully Assist Lawyers?
Feb. 23, 2024, 5:49 a.m. | Arianna Trozze, Toby Davies, Bennett Kleinberg
cs.CL updates on arXiv.org arxiv.org
Abstract: Large Language Models (LLMs) could be a useful tool for lawyers. However, empirical research on their effectiveness in conducting legal tasks is scant. We study securities cases involving cryptocurrencies as one of numerous contexts where AI could support the legal process, studying GPT-3.5's legal reasoning and ChatGPT's legal drafting capabilities. We examine whether a) GPT-3.5 can accurately determine which laws are potentially being violated from a fact pattern, and b) whether there is a difference …
abstract arxiv cases cryptocurrencies cryptocurrency cs.ai cs.cl gpt language language models large language large language models lawyers legal llms process research study support tasks tool type
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