MDS KhanLex, a Mongolian law firm, has launched iGeree, an online contract automation and artificial intelligence (AI) chatbot platform.

iGeree will initially focus on employment law. with plans of extending to company law coverage in 2020. The platform was built by a team of 26 people from four companies, including lawyers, data engineers, coders and designers.

The offering which is the first of its kind in Mangolia, consists of two services. The first is a contract automation platform, enabling construction and drafting of legal documents without requiring user legal skill or knowledge while the second is an AI/natural-language trained chatbot which provides instant legal advice within its trained scope.

MDS said that the contract automation platform will further be extended to cover company law matters in the first quarter of 2020, including incorporation related document drafting, shareholder’s agreements and corporate resolutions. The firm also added that the chatbot component will take longer - possibly up to two years.

In addition to this, MDS is setting up new legaltech research institute, in conjunction with CodeLex Legaltech and in collaboration with different companies in the fields of data engineering and AI.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com. 

Related Articles

Other News

South Korea’s DR & AJU launches legal AI Q&A chatbot

by Nimitt Dixit |

South Korean law firm DR & AJU Law Group has launched a legal chatbot powered by artificial intelligence, called AI DR & AJU, which it says is the first of its kind in the country.

Features

Law in the Time of Robots

by Nimitt Dixit |

Even as generative AI sweeps the globe, Indian law firms have been slow to embrace it. Those that have done, though, are encountering lower costs and shorter turnaround times. But as with any new technology, it’s critical that firms move carefully. 

Features

ROUNDTABLE: Come To Play

by Sarah Wong |

Emerging technologies such as blockchain and artificial intelligence have not only reshaped the interface of videogames but also given rise to novel legal issues by calling into question traditional legal concepts while raising risks of online safety and data privacy. General counsel at videogame companies discuss the opportunities and challenges these shifting consumer behaviours and regulatory hurdles pose.