AI and legal contract drafting process
Artificial intelligence (AI) has changed how we operate in almost every facet of our lives. From digital assistants that anticipate when to order paper towels to cars that can drive themselves, AI is everywhere. Law firms can also benefit from the vast advantages AI offers.
More specifically, the way in which AI changes contracts is especially impressive. Contract management, particularly drafting, can be a costly and labor-intensive process. For people dealing with large volumes of contracts, the drafting process can become a full-time job.