The Technology That Is Revolutionising How Business Gets Done — from artificiallawyer.com
Excerpt:
We are on the cusp of a revolution. Contract negotiation, with all the associated document redlines and email threads, is about to get a whole lot quicker. Today, artificial intelligence has the potential to save lawyers hours of intense editing – but only if they embrace the sector-wide behaviour change this could ignite.
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Technology has reached the point that much of the initial legwork of perusing a contract can be done by a piece of software. Precision AI can scan a document and create a list of issues based on how a lawyer typically contracts. It is then up to the lawyer to accept or disregard those issues, but the point is that the initial editing time is greatly reduced.