The Impact of AI on Legal Workflows: Real-World Applications and Success Stories

The impact of AI is evolving across industries. With its ability to learn and adapt ongoingly, there is no telling how advanced and skilled it will become in the workforce. From in-house assistance to behind-the-scenes essentials like fraud detection, AI is quickly becoming essential to legal team workflows.

Legal teams can delegate numerous tasks to AI. Daily tasks can be managed more effectively with AI integrations. It is up to legal teams to decide how thoroughly to introduce AI into their work. The reality, however, is that postponing these integrations may cause teams to lag behind teams proactively integrating AI.

If your legal team is considering introducing AI, you may wonder how AI will apply to day-to-day tasks. Below, we discuss real-world applications and success stories so you can get more confident about moving forward with AI. Read on to learn how legal AI is changing the game for legal teams.

Real-World Applications Of Legal AI

Contract Management Tasks

Your legal team can start utilizing legal AI for tasks like contract management. Your contract management system may benefit from AI features that automatically generate a repository you can search through. Contract management takes longer with manual effort and is less accurate without features that can detect details and stay on track with compliance and renewals.

Data Assessment Tasks

Another way legal AI can be applied to your legal team’s daily tasks is by sorting and assessing data using chat prompts. This approach puts an end to manual reviewing. Your AI assistant can scan pages instantly and accurately outline what needs review. You can say goodbye to line-by-line manual review.

Compliance And Risk Assessment

Using legal AI, you can stay on the lookout for potential risks and regulation changes. These tools help your legal team stay aware of current, previous, and future agreements and ensure that compliance and risk are addressed and in accordance with standards. Your legal team will have the tools it needs to remain vigilant.

AI Success Stories

Rocket Lawyer and AI

Tasks such as summary insights and data analysis may be directed to legal AI tools that in-house legal teams use. One example of this success is Rocket Lawyer. The company has seen extreme success with its Rocket Copilot feature. This feature gives users automated generation of legal documents, business names, and logo ideas, giving people more access to legal services.

Darrow And AI

Co-founder and CTO of Darrow, Gila Hayat, accredits increasing success to legal AI tools. Darrow is improving legal violation detection and exposing previous breaches. Lawyers can find violations from finances to the environment, using language models with the literacy needed to boost the accuracy of legal assessment.

An Impact That’s Only Just Beginning

As we uncover more of the intricacies of legal AI that can support legal teams, we learn more about the ways that AI impacts legal teams and real-world applications for teams and their success. The impact of AI on legal work is just beginning, with plausibility for immense future benefits.