Legal & Ai

Top comments · 5

• 10↑u/Feisty-Ad-5420
  That's not how AI contract review works. At all.
• 7↑u/RevolutionaryMeal937
  AI can be calibrated and guided. If it’s killing your deal, tell it to be less risk averse. Companies that are seriously deploying AI contract review tools need to be documenting institutional preferences, priorities, and risk tolerance to avoid this kind of misalignment. It’s a solvable problem even with current tools. But you should still have a human in the loop, regardless.
• 4↑u/benjamin_j_b_
  We actually had this come up recently. Two of our customers were working on a deal together, and so our software was editing both sides of the same contract. Of course it doesn't lock itself out, any more than you'd get locked by a paralegal or junior lawyer applying your company's standard preferences. We typically have our customers' first and second round preferences baked into the ai playbook, and after that it would really be up to a human lawyer to look at to review in case of any remaining conflicts.
• 2↑u/eatoligarchsaldente
  The more realistic end-point is that the AIs hone in on industry standards to a point where contract reviews become extremely tight to just the particular concerns of that customer based on their own unique factors. However, this is all a pipe dream. The reality is that there will continue to be information asymmetries and human elements that will drive negotiations outside of the machine elements. The idea that AIs will govern everything relies on them having access to rich and complete data sets, which is well outside the capabilities of most organizations.
• 2↑u/dreamlegal_legaltech
  Exactly...contracts are ultimately business negotiations, not just risk optimization exercises