Lawyers and legal professionals are using ai more and more to improve efficiency, lower costs and achieve better outcomes. Whether it’s reviewing contracts or finding new cases, ai is changing the practice of law across firms and in-house legal teams. Find below the best ai tools for lawyers and the legal sector.
Legal Research and Contract Review
Legal research can be one of the most time consuming tasks in a law firm. Westlaw and LexisNexis have both implemented ai into their legal research services. Westlaw’s AI-Assisted Research accelerates the legal research process by quickly discovering relevant statutes and case law by getting the context of the search criteria.
For contract review, Kira Systems can automatically sort large amounts of contracts to automatically extract specific provisions, obligations and risks.
Luminance employs machine learning to drastically speed up volume contract review, especially for M&A due diligence.
Contract Drafting and Document Automation
Tools such as Harvey, which are built for lawyers, can even generate things like contracts and legal documents from scratch based on just a simple prompt from you. You input the necessary information: for example, what the agreement was for and any salient details, and the ai will generate an elegant first draft for you to go over and refine. For transactional lawyers who frequently deal with things like wills, leases, NDAs, or employment contracts, ai enabled document automation tools can produce customized versions of these boilerplate drafts where appropriate.
E-Discovery, Billing, and Client Intake
AI can analyze millions of documents in litigation. E-discovery platforms like Relativity and Everlaw use ai to help sort, categorize, and prioritize huge document sets. Ai can speed up billing.
Used with billing systems, ai analyze emails and calendar activity to help automatically generate billing time entries while analyzing document activity even more.
Ai chatbots can do preliminary client intake questions for a law firm website, answering frequently asked questions about the firm’s services and book consultations automatically.
Compliance Monitoring and Plain Language Drafting
Compliance and regulatory monitoring is a necessity that is on the increase for firms and clients both big and small. Ai can track adjustments in regulation, and in turn notify attorneys when something pertinent to their clients shifts. Automated survey paper is far better than sort throughing regulatory changes for various domains of human knowledge.
More firms and courts demand plain language drafting now.
Ai can be used to convert the muddled legal tongues into more straightforward limited versions.
Using AI Responsibly in Legal Practice
The practice of law is governed by professional responsibilities as to how technology is used. Practitioners must test whether alles generate anything, cannot accept that ai can offer advice without confirmation as to its accuracy, and are responsible for the preservation of confidentiality when applying them. With those caveats in mind, ai is fast becoming the lawyer’s new best friend, enabling thoughtful users to deliver superior client service, at a lower cost, while making room for their attorneys to concentrate on strategic activities which truly need to be performed by qualified lawyers.
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