Credit: thodonal/Adobe Stock What Generative AI Can—and Can't—Do for Contract Review
LLMs and generative AI are still under development, but they have the potential to revolutionize the way lawyers work, including automating the drafting of contracts, translating legal documents, and identifying potential risks in contracts.
September 20, 2023 at 09:09 AM
7 minute read
Contracts
Without question, generative AI is the biggest technology trend of 2023. Given its potential impact on nearly every industry, attention is warranted. Because of gen AI's prospects for supplementing—and in some cases, replacing—the work of lawyers, the impact of AI has been a central conversation across the legal industry. In the contract automation space in particular, certain aspects of contract drafting, review and contract lifecycle management will undoubtedly benefit from leveraging tools like ChatGPT and other gen AI.
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