How AI Is Transforming Legal Document Drafting

Previously, drafting legal documents was a time-consuming process, requiring hours of research, writing, revision, and proofreading. Luckily, this isn’t the case now, all thanks to artificial intelligence (AI).

This technology is now assisting lawyers and firms in effectively performing several tasks including the legal document drafting process. This ensures streamlined workflow and quality legal content creation.

In this blog post, we are going to explain in what ways artificial intelligence is changing the process of crafting legal documents.

4 Ways Artificial Intelligence is Changing Legal Document Creation

Here are some of the major ways through which AI has transformed how lawyers and law firms used to draft legal documents.

Assistance in Research:

Just like other business documents, drafting legal documents requires in-depth research to know the specific rules and regulations. However, doing this manually will not only take significant time and effort but also contain a chance that the lawyer may skip some important details. 

Here the power of AI comes in handy – it has automated the process of legal research. It is capable of sifting through vast amounts of case law, statutes, and regulations to find the most relevant precedents that can support legal arguments. 

You can easily find a variety of AI-powered tools such as Casttext that will assist in performing legal research in no time. Such tools offer several useful features such as predictive analysis, document review, and many more.  

This way, lawyers will get a boost in the functionality to stay up-to-date with the latest rulings and precedents that may affect their drafting. 

Contract Content Creation

This is something that not only requires in-depth law knowledge but also a strong grip on writing skills. Not every lawyer has robust writing potential. For them, artificial intelligence has offered a quick yet effective solution. 

On the internet, there are numerous AI-powered contract-generating tools including Legittai AI contract generator. 

All you need to do is provide the relevant details like the type of document (legal), purpose, names of first and second parties, jurisdiction court, state name, etc. to the generator, and get a well-written document accordingly.  

As you can see, the tool has generated a legal document according to the given details. This is how lawyers and firms can seamlessly create a document without devoting much time, effort, and skills.

However, it is important to note that, the generated contract will not be 100% perfect. Lawyers will need to fine-tune it according to specific needs and preferences. 

For instance, they may need to add specific sections of jurisdiction, etc. But still, most of the work has already been done by artificial intelligence. So, devoting a few moments to make modifications should not be a problem…right?

Easy Compliance and Risk Management

This is yet another essential and complex task involved in legal document processing that has been completely transformed by artificial intelligence.

Previously, law teams had to manually evaluate the compliance and risk in a document. Now, there are specialized tools and software available to get this done effortlessly.

These can quickly scan the given legal document draft in real time to make sure it is adhering to industry standards and guidelines. This way, you can then make alterations to the document draft to make it perfect from every aspect.

Besides this, AI tools such as Legittai contract review will also analyze whether specific clauses are aligned with the latest data protection laws and financial regulations. It can even provide an overall score of the document which helps determine its overall quality in terms of readability, and accuracy. 

So, with automated compliance and risk management, lawyers’ valuable time and effort will be saved, and they can focus more on other essential tasks.

Automated Summarization

There is no doubt that legal documents are too lengthy and information-rich. And to extract key details from them, lawyers will have to read them from start to end, requiring a lot of time and effort. Fortunately, this issue can be easily tackled by having the power of AI with you.

AI-powered text summarization tools such as Editpad are capable of quickly comprehending lengthy documents and creating a summary by only using the most important details. Most importantly, the original meaning and intent of the document will be retained during summarization.

Lawyers and firms can quickly skim through the generated summary and familiarize themselves with the essential details needed for document drafting.

So, after going all these ways, we believe you will have an efficient idea of how exactly artificial intelligence is revolutionizing the legal document drafting process.

Some Potential Ethical Concerns to Remember

While utilizing artificial intelligence, individual lawyers or firms must keep the below-mentioned ethical concerns in mind.

1. Bias Generation:

It is essential to note that, AI tools can sometimes come up with biased document drafts. This can be especially true in two scenarios. If the tool you are using is powered by a database trained on historical data that already contains bias traits. The second scenario is not providing the full details to the tool about what sort of legal document you want it to create.

Regardless of the scenario, the biased document creation is considered unethical and can lead to severe consequences such as penalties, etc.

This is why our recommendation to lawyers is to remain vigilant and utilize the power of AI as an assistant not as a human substitute.

2. Data Privacy Issues

This is yet another potential concern regarding the use of AI for legal document crafting. Legal documents always contain the most critical information about individuals and organizations.

So, if you are providing that information to AI tools or systems for compliance, review, or risk management, there is a possibility that the data may be intentionally or unintentionally exposed on the internet due to a security breach. This can cause real problems for the audience as well as for the lawyers or firms.

That’s why it is highly crucial to always utilize AI tools that provide you with full satisfaction about data security and privacy.

These are two of the most essential ethical concerns you need to remember before leveraging artificial intelligence for drafting legal documents.

Final Words

Drafting a legal document is definitely a skillful yet time-consuming task. You first have to gather essential information, then create a well-written document, and finally perform a thorough review to ensure it is perfect in every aspect. Fortunately, the continuous advancements in AI have transformed this process in several ways. This blog has covered those ways in detail, hope you will find them valuable. 

Did you find this article worthwhile? More engaging blogs and products about smart contracts on the blockchain, contract management software, and electronic signatures can be found in the Legitt AI. You may also contact Legitt to hire the best contract lifecycle management services and solutions, along with free contract templates.