Bengo4.com, which operates an online legal consultation service, is seeing its share price test higher levels again. As cases of lawyers overseas citing fictitious precedents and facing sanctions occur one after another, interest is growing in legal AI that extracts only answers supported by legal texts and case law.
Reports say that Bengo4.com, which operates an online legal consultation service and other businesses, is seeing its share price test higher levels again in the Tokyo market. The backdrop is a series of cases in which people cited fictitious precedents generated overseas and faced penalties, along with reports that legal AI could prevent the citation of misinformation.
Overseas media have highlighted the risk of citing fictitious precedents and reported that the risk could spread to Japan. Legal AI is expected to help prevent the spread of misinformation by providing answers based on accurate sources.
In early October, a case involving Toranomon Hills in Minato, Tokyo, was reported, and developments overseas have become a factor driving interest among Japanese companies in using legal AI.
Reports concerning Bengo4.com’s share price have once again highlighted the reliability and potential applications of legal AI.