Search Acumen integrates ChatGPT to reduce conveyanci...

Search Acumen has begun beta-testing of ChatGPT within its data platform for conveyancers, which it hopes will reduce working times and help lawyers focus on getting transactions completed.

The artificial intelligence chatbot will be integrated into the conveyancing software provider’s existing portal for lawyers, aiming to automate parts of the conveyancing process.

Using machine learning, ChatGPT has already been trained to use vast volumes of Search Acumen’s land and property data, which spans over 500 data layers, poised to answer both a selection of pre-formed questions, as well as bespoke complex and varied conveyancer queries in an instant.

Search Acumen’s testing, available to a select few firms, is believed to be the first time the tool has been used for this function.

The average firm stands to save 115 hours a month through automation, Search Acumen claims.

Andrew Lloyd, managing director at Search Acumen, said: “The integration of ChatGPT opens a gateway to further modernisation and technological advancement. It’s time saving abilities for crunching data and reports in an instant should not be underestimated by lawyers.

“We are encouraging firms to get in touch if they would like to be involved in beta testing at this stage, ensuring conveyancers stay at the heart of what we do.

“While we note the transformative potential of the chatbot and its invaluable use in automating tasks that do not require the application of nuance, it is those higher-value tasks which require human expertise that cannot be replicated by a machine.

“It’s unlikely 20 years of sector knowledge, nor the ability to negotiate, will ever be truly replicated. It will be businesses that embrace technology and use it to meet consumer expectations that will prosper over others. For this reason, we truly believe ChatGPT is an excellent complement to conveyancers, who will always be central to our vision for innovation.”