Generative AI—to assist lawyers and legal professionals
These tools do not replace lawyers; rather, they automate repetitive tasks, analyze vast amounts of data, and provide insights that would take humans weeks to uncover.
Categories of AI legal tools
- Legal Research
- E-Discovery and Document Review
- Contract Analysis and Management (CLM)
- Litigation Prediction and Analytics
- Intellectual Property (IP) Tools
- Generative AI (The New Wave)
The Benefits
- Efficiency: Tasks that took 10 hours can now take 10 minutes.
- Cost Reduction: Lowers the cost of legal services (specifically for routine work).
- Risk Mitigation: AI is less likely than a tired human to miss a specific date or a crucial clause in a 100-page contract.