The legal field may seem like an especially serious and responsible sphere, yet it is also open to the integration of artificial intelligence (AI). One of the most popular tasks here is contract review and the handling of similar types of documents. In this article, we will discuss how this process actually works.

AI for Legal Teams Becomes a Constant Companion

Legal practice is evolving together with AI. In this sector, as in many others, AI for legal teams helps automate manual processes, thereby increasing efficiency. Of course, there are still unresolved issues concerning AI-related risks and ethical questions, but gradually these are becoming more and more manageable.

In addition to the fact that legal teams can find legal information in just a few seconds and prepare arguments as AI analyses vast amounts of data, they can also save time drafting and reviewing contracts, creating case strategies, and managing legal projects and proposals.

AI for Legal Teams is Useful in Reviewing Legal Documents

According to a Bloomberg Law survey, legal document review ranks 4th in popularity among AI use cases and accounts for 19% of all processes where lawyers employ AI tools.

Such AI for legal teams tools are primarily focused on the field of transactional law. Lawyers use this technology to review contracts faster and more consistently. These tools can, for example, identify how contract wording may deviate from market standards and suggest solutions that help lawyers create higher-quality contract provisions. They also assess the favourability of proposed terms and suggest how clauses might be adjusted to one party’s advantage, and so on.

In this case, AI for legal teams tools employ natural language processing and machine learning technologies, which not only analyse legal texts with precision but also identify key provisions and highlight compliance and business risks.

It is important to note that, for now, these tools do not replace human oversight. However, they undoubtedly accelerate review processes and improve accuracy by flagging high-risk provisions, potential dispute areas, and compliance gaps.

The use of these tools attracts a wide range of stakeholders, including law firms, in-house legal departments, insurance companies, financial institutions, and large organizations engaged in complex legal operations.

You Will Find More Than One AI for Legal Teams Tool on the Market

The availability of these AI solutions is already gaining momentum, which means that if you want to integrate them into legal processes, you have the opportunity to choose from a wide variety of options. These range from complex and multi-functional tools to simpler, single-purpose ones.

Spellbook

Best suited for law firms, this AI system enables contract drafting, review, and analysis with human oversight. It also offers templates containing commonly used legal clauses.

The tool integrates with Microsoft Word, includes a suggestions panel with recommended edits, redlines marking risks, and comparative analysis features.

However, this program does not include post-signature contract management capabilities, predictive analytics, or compliance monitoring.

ChatGPT

As surprising as it may sound, the list of AI for legal teams tools also include universal and free AI chatbots, such as ChatGPT.

Its strength lies in accessibility and its ability to quickly summarize and generate ideas for legal content. This tool is most suitable for individuals or small businesses exploring AI without high expectations.

It is most often used for editing texts, improving language, or creating first drafts, though it is not specifically designed for the legal field.

LawGeex

This tool is strongly focused on teamwork and contract management. The software automates the processes of reviewing and approving contracts, scans agreements, provides suggestions, and adapts them as needed.

LawGeex works with both simple contracts and large-scale agreements. To use this tool, an initial setup is required with company-specific data.

Final Word

AI for legal teams tools are transforming the entire legal industry, not just contract review processes. As elsewhere, this technology is reshaping many aspects of the sector and giving legal professionals completely new opportunities.

If you are interested in this topic, we suggest you check our articles:

• AI in Law Enforcement: Enhancing Digital Evidence Management
• Agentic AI: Everything You Need to Know

Sources: Bloomberg Law, Legalfly, Spellbook