The Future of Legal Content Interpreting: How NLP Can Help?

Legal content is dense, complicated, and often less than straightforward. As such, it’s crucial to understand what you’re reading and make decisions based on that information. That’s where natural language processing (NLP) comes in.

What is NLP?

NLP, or natural language processing, is a field of computer science and artificial intelligence concerned with the interactions between computers and human (natural) languages, mainly how to program computers to process and analyze large amounts of natural language data.

NLP interprets legal content through algorithms that identify relevant information from unstructured text. This process can extract key phrases, concepts, and entities from a document for further analysis. Additionally, NLP can generate summaries of legal documents or identify critical issues within a document.

Why Use NLP for Interpreting Legal Content?

There are many reasons to use natural language processing (NLP) when interpreting legal content. First, NLP can help you to identify the essential information in a document. This is especially helpful when dealing with long and complex legal documents. Second, NLP can help you understand the text’s meaning by extracting key concepts and ideas. This is extremely helpful in understanding the implications of a legal document. Finally, NLP can help you to identify relationships between different concepts in the text. This can help identify issues that may not be immediately apparent.
Overall, NLP can be a very helpful tool when interpreting legal content. It can help you to identify the most crucial information, understand the meaning of the text, and identify relationships between different concepts.

Applications of NLP in the Legal Field

There are many potential applications for NLP in the legal field. Here are a few examples:

  1. Automated contract analysis: NLP can automatically analyze contracts and identify critical provisions, such as parties, obligations, and termination clauses. This can save time and improve accuracy compared to manual contract review.
  2. Legal research: NLP can quickly search large volumes of legal documents (e.g., court opinions) for relevant information. This can save time and improve accuracy compared to traditional keyword search methods.
  3. Sentiment analysis of legal documents: NLP can be used to analyze the sentiment of legal documents, such as court opinions, to identify positive or negative feelings towards specific individuals or entities. This information could be helpful for lawyers when making strategic decisions about cases.
  4. Predictive analytics for litigation: NLP can predict the outcome of litigation based on past cases with similar facts and circumstances. This information could be helpful for lawyers when deciding whether to settle a claim or take it to trial.
  5. Automated document summarization: NLP can automatically summarize legal documents, such as court opinions, to save time and improve accuracy. This information could be helpful for lawyers who need a quick case overview.
  6. Entity extraction from legal documents: NLP can automatically extract entities, such as names of people and organizations, from legal documents. This information could be helpful for lawyers when they need to find information about specific individuals or entities quickly.

Let’s explore some real examples extracted from John Snow LABS.

What is John Snow LABS company?

John Snow Labs, an AI and NLP for a healthcare, legal, and finance company, provides state-of-the-art software, models, and data to help healthcare, legal, and life science organizations build, deploy, and operate AI projects. Click here to go to their LinkedIn page.

They have a model called “Spark NLP for Legal” to work on Legal documents. Let’s deeply in.

Introducing Spark NLP for Legal

What’s in the Spark NLP for Legal?

State-of-the-art software + pre-trained legal-specific models

One of the most common uses of NLP is Entity Recognition. Let’s try using a Portuguese document.

If you want yourself try this example, click here. Also, you can look at the Python code on Google Colab here.

Another exciting use of NLP technology is to extract relations between parties in an agreement. Look at the example below.

This model returns something like this to organize and save the insights.

Identified relations
Identified chunks

If you want yourself try this example, click here.

You can save this information with each document and use it to analyze and predict insights. This tool is so powerful and is available to work in multiple languages. In addition, you can look at other attractive models in John Snow LABS in healthcare and finance.

Conclusion

NLP is a powerful tool that can be used for various tasks, including the interpretation of legal content. In this article, we’ve looked at how NLP can be used to interpret legal documents and how it can be used to improve the accuracy of translations. We hope this has given you a better understanding of how NLP can be used in the legal industry and how it can benefit your business.
If you found this article helpful, please share it with your network! And if you have any questions or comments, please feel free to leave them below.

Let’s share more articles talking about Spark NLP For Legal:

Spark NLP For Legal 1.0.0: Over 300+ new state-of-the-art models in multiple languages!

Legal NLP 1.1.0 for Spark NLP has been released

Legal NLP 1.2.0 for Spark NLP has been released!

That’s it for today!

How to get inspired to create your own SaaS and make money with it?

If you’re anything like me, you’re always looking for new business ideas related to technology. But sometimes it’s hard to know where to start. What industry should you be in? What problem should you be solving? And how do you even come up with a good idea in the first place?

If you’re struggling to develop a good business idea, I have some good news for you: one industry is booming right now, and that industry is software as a service (SaaS). The SaaS industry is expected to grow from $85 billion in 2019 to $155 billion by 2024. That’s an annual growth rate of 12.3%, which is incredible.

Even more incredible is that there are still plenty of opportunities for new businesses in this space. Sure, there are some big players like Adobe, Google, Microsoft, and Zoom, but there are also thousands of smaller businesses doing very well. The average SaaS company has just over 200 customers. So if you can get just a few hundred people to pay for your software, then you’re well on your way to having a successful business.

What is Saas?

You’ve probably heard the term “SaaS” thrown around a lot lately. But what is Saas? In short, Saas is software as a service. This software is delivered over the internet and typically accessed through a web browser. Saas is becoming increasingly popular because it is subscription-based, which means that you can usually get started with it without having to make a large upfront investment.

Why SaaS is such a great opportunity?

One of the things that I love about the SaaS industry is that it’s relatively easy to start. Unlike other industries where you need to build up inventory or create a physical product, all you need to do to launch a SaaS business is create the software itself. And thanks to today’s technology, it’s easier than ever to create and launch your software products.

Another reason why I think SaaS is such a great opportunity because it’s a recurring revenue model. This means that once you’ve acquired a customer, they’ll keep paying you monthly (or year after year) as long as they continue using your software. This predictability makes it much easier to forecast your revenues and expenses, which is important when trying to run a successful business.

How to get inspired to make your own SaaS?

You must have a halfway decent idea. Notice you don’t have to have a great idea. You don’t even have to have an original idea. It might be better if you don’t. To get inspired, you must look at Growth list. They have a B2B SaaS list, and they also have like a weekly startup report that you could subscribe to if you wanted to. But they do have this massive free list of a thousand companies. And then also SaaS Mag has another list. This list is two thousand different companies. You can go through these lists of, you know, three thousand. However, I’m sure there’s some overlap here. Thousands of other companies already exist that are already, you know, bringing in a bunch of money, have a bunch of customers, and have a core feature set that’s probably actually desirable by people. And find something interesting to you and then find a feature of that larger company that you think you could maybe do an implementation that might be slightly better or at a cheaper price point.

Pictures are taken from Growth List and SaaS Mag websites of the fastest-growing SaaS companies today.

Click on the image to full screen
Click on the image to full screen

This video from the Millionaire Millennial YouTube channel explains this idea in more detail.

Finally, I think the SaaS industry is attractive because there are many ways to make money. As explained in this video, you can take inspiration from one of these top SaaS companies, develop some improvements to one or two key features, and sell for a lower price. You can also get in touch with the customers of these companies and offer them a better service proposal.

Conclusion: The SaaS industry is booming, and there are still plenty of opportunities for new businesses to succeed. If you’re looking for inspiration for your next business idea, I highly recommend considering the world of SaaS. Thanks to today’s technology, it’s easier to create and launch your software products, and there are many ways to make money with this type of business. So what are you waiting for? Get out there and start building something great!

OpenAI Whisper – The Future of Conversational AI

OpenAI Whisper is a new artificial intelligence system that can achieves human level performance in speech recognition. This system was developed by OpenAI, an artificial intelligence research lab. The goal of this system is to improve the quality of speech-to-text systems. With a 1.6 billion parameters AI model that can transcribe and translate speech audio from 97 languages. Whisper was trained on 680,000 hours of audio data collected from the web and showed robust zero-shot performance on a wide range of automated speech recognition (ASR) tasks. This will benefit many applications, such as virtual assistants, smart speakers, and more.

This video can help you understand the benefits of the Whisper.

OpenAI introduced Whisper on September 21, 2022, in this article. This will accelerate the use of artificial intelligence in applications that need to make use of technology. Here are some examples:

You record in any language, and the API extracts the text.

Click on the image to open the app

In this example, the API extracts text from a YouTube video.

Click on the image to open the app

Let’s experiment using the OpenAI Whisper API in Python to extract the text from the YouTube video.

Python
# Author: Lawrence Teixeira
# Date: 02/11/2022

# Requirements to run this script:
#pip install git+https://github.com/openai/whisper.git
#pip install pytube

# import the necessary packages
import pytube as pt
import whisper

# download mp3 from youtube video (Indroductrion to Whisper: The speech recognition)
yt = pt.YouTube("https://www.youtube.com/watch?v=Bf6Z5bjlHcI")
stream = yt.streams.filter(only_audio=True)[0]
stream.download(filename="audio.mp3")

# load the model
model = whisper.load_model("medium")

# transcribe the audio file
result = model.transcribe("audio.mp3")

# print the text extracted from the video
print(result["text"])

Text extracted from the video “Introduction to Whisper: The speech recognition.”

“Whisper is an open source deep learning model for speech recognition that was released by Oppenai last week. Oppenai’s tests of Whisper show that it can do a good job of transcribing not just English audio, but also audio in a number of other languages. Developers and researchers who have worked with Whisper and seen what it can do are also impressed by it. But the release of Whisper may be just as important for what it tells us about how artificial intelligence AI research is changing, and what kinds of applications we can expect in the future. Whisper from Oppenai is open to all kinds of data. One of the most important things about Whisper is that it was trained with many different kinds of data. Whisper was trained on 680,000 hours of data from the web that was supervised by people who spoke different languages and did different tasks. A third of the training data is made up of audio examples that are not in English. Whisper can reliably transcribe English speech and perform at a state-of-the-art level with about 10 languages, an Oppenai representative told VentraBeat in written comments. It can also translate from those languages into English. Even though the lab’s analysis of languages other than English isn’t complete, people who have used it say it gives good results. Again, the AI research community has become more interested in different kinds of data. This year, Bloom was the first language model to work with 59 different languages. Meta is also working on a model that can translate between 200 different languages. By moving toward more data and language diversity, more people will be able to use and benefit from deep learning’s progress. Make your own test since Whisper is open source. Developers and users can choose to run it on their laptop, desktop workstation, mobile device, or a cloud server. OpenAI made Whisper in five different sizes. Each size traded accuracy for speed in a proportional way, with the smallest model being about 60 times faster than the largest. Developers who have used Whisper and seen what it can do are happy with it, and it can make cloud-based ASR services, which have been the main choice until now, less appealing. And Lobs expert Noah Giff told VentraBeat, At first glance, Whisper seems to be much more accurate than other SaaS products. Since it is free and can be programmed, it will probably be a very big problem for services that only do transcription. Whisper was released as an open source model that was already trained, and that anyone can download and run on any computer platform they want. In the past few months, commercial AI research labs have been moving in the direction of being more open to the public. You can make your own apps. There are already a number of ways to make it easier for people who don’t know how to set up and run machine learning models to use Whisper. One example is a project by journalist Peter Stern and GitHub engineer Christina Warren to make a free, secure, and easy to use transcription app for journalists based on Whisper. In the cloud, open source models like Whisper are making new things possible. Platforms like Hugging Face are used by developers to host Whisper and make it accessible through API calls. Jeff Bootyer, growth and product manager at Hugging Face, told VentraBeat, It takes a company 10 minutes to create their own transcription service powered by Whisper and start transcribing calls or audio content, even at a large scale. Hugging Face already has a number of services based on Whisper, such as an app that translates YouTube videos. Or, you can tweak existing apps to fit your needs. And fine-tuning, which is the process of taking a model that has already been trained and making it work best for a new application, is another benefit of open source models like Whisper. For example, Whisper can be tweaked to make ASR work better in a language that the current model doesn’t do as well with. Or, it can be tweaked to understand medical or technical terms better. Another interesting idea would be to fine-tune the model for tasks other than ASR, like verifying the speaker, finding sound events, and finding keywords. Hugging Face’s technical lead, Philip Schmidt, told VentraBeat that people have already told them that Whisper can be used as a plug-and-play service to get better results than before. When you put this together with fine-tuning the model, the performance will get even better. Fine-tuning for languages that were not well represented in the pre-training dataset can make a big difference in how well the system works.”

As you can see, the text is exactly what was spoken. Note that in this example, we use the intermediate model. Here are the models that we can use to increase the accuracy.

Available models and languages

There are five model sizes, four with English-only versions, offering speed and accuracy tradeoffs. Below are the names of the available models and their approximate memory requirements and relative speed.

For English-only applications, the .en models tend to perform better, especially for the tiny.en and base.en models. We observed that the difference becomes less significant for the small.en and medium.en models.

Whisper’s performance varies widely depending on the language. The figure below shows a WER breakdown by languages of Fleur’s dataset using the large model. More WER and BLEU scores corresponding to the other models and datasets can be found in Appendix D of the paper.

The image is taken from the official Whisper documentation.

Conclusion: Although there is still some controversy around how well AI Whisper works, the concept behind it is something to think about. With more and more businesses moving towards automated marketing and customer service, AI Whisper could be a valuable tool for those looking to get ahead in the industry. Have you tried using AI Whisper or any other similar tools? Let us know in the comments!

Follow the official Whisper references:

Project link: https://openai.com/blog/whisper/
Code: https://github.com/openai/whisper

That’s it for today!