Large Language Models are legal but they are not: Making the case for a powerful LegalLLM

Understand

Realizing the recent advances in Natural Language Processing (NLP) to the legal sector poses challenging problems such as extremely long sequence lengths, specialized vocabulary that is usually only understood by legal professionals, and high amounts of data imbalance.

• The recent surge of Large Language Models (LLMs) has begun to provide new opportunities to apply NLP in the legal domain due to their ability to handle lengthy, complex sequences.
• Moreover, the emergence of domain-specific LLMs has displayed extremely promising results on various tasks.
• In this study, we aim to quantify how general LLMs perform in comparison to legal-domain models (be it an LLM or otherwise).