Revolutionising legal drafting: How AI enhances efficiency and accuracy according to Sysero
The legal industry is always evolving, but the growing adoption of Artificial Intelligence (AI) is bringing about one of the most significant transformations yet. As AI-powered tools become more sophisticated, they offer law firms and legal practitioners unprecedented opportunities to enhance efficiency, improve accuracy, and free up valuable time to focus on more complex and strategic aspects of their work.
In this post, we’ll explore how AI is revolutionising the legal drafting process, and more importantly, how you can take advantage of AI to boost your firm’s productivity.
Automating Routine Tasks: The Power of AI in Rewriting Legal Contracts
One of the most time-consuming aspects of legal work is the drafting and revision of contracts. Traditionally, this process involves manually editing and rephrasing clauses to ensure clarity, compliance, and alignment with client needs. However, AI-powered tools are now capable of taking on much of this burden by automatically rewriting and optimising contract language.
Lawyers can leverage an AI tool to analyse a contract’s language, suggest improvements, and even rephrase clauses to meet specific legal standards. This is particularly valuable when dealing with boilerplate language that is commonly used across multiple contracts. Instead of manually revising these sections, lawyers can rely on AI to ensure that the language is consistent, up-to-date with the latest legal developments, and tailored to the specific needs of the client.
For example, Sysero’s legal workflow automation technology now includes an AI chatbot that can be accessed directly from within Word. This tool allows users to quickly and easily rewrite and revise contract clauses and drafts. So, if a party requests specific revisions to a contract, a lawyer could leverage Sysero’s AI tool to redraft the contract based on the specific requirements, without having to seek out various subject matter experts or worry about drafting conflicting clauses.
Unlike public AI tools, Sysero prioritises in-house knowledge documents to generate new content and guarantees that in-house knowledge is never exposed to public search engines or other AI systems. This approach significantly enhances the accuracy of the generated content and minimises “AI hallucinations” – a phenomenon where AI produces outputs that are incorrect, nonsensical, or fabricated, despite appearing plausible or confident.
By combining automation with AI, Sysero can reduce the time required to produce new content by up to 95% and ongoing redrafting time by 80%. To compensate for any reduction in billable hours, lawyers can increase their revenue by billing hours for continuously improving knowledge automation services, quality, and accuracy and dedicating more time to addressing the complex, unique aspects of each case and contract. This ultimately provides more value to clients.
Enhancing Knowledge-Sharing: Using AI to Improve Knowledge Management
Another area where AI is making a substantial impact is in the realm of knowledge management. Law firms often have vast amounts of information and knowledge spread across the firm in disparate systems, making it difficult to access. However, ensuring that knowledge is readily available is crucial in creating consistent and accurate legal documents. AI-powered tools can automatically cross-reference information and documents within a firm’s database, making it easier for lawyers to identify missing clauses, detect biases, and ensure the overall accuracy of a document.
Over the last 10 years, the size and complexity of legal documents has grown exponentially. AI tools that interact with in-house documents can reference huge documents and email chains to automatically generate answers to complex requests by clients and counterparties in seconds. Combined with Sysero’s ability to generate content using in-house contact and matter based data, complete, concise and accurate emails can be created almost instantly with minimal effort.
For example, Sysero’s AI tool enables law firms to pair their knowledge bases with ChatGPT, providing the AI tool with temporary access to select documents. Lawyers can then leverage Sysero’s chatbot to answer questions such as “what clauses is this contract missing?” or “is this contract seller biassed?”
This capability helps lawyers verify facts and access reliable information, while also benefiting from AI’s efficiency.
Beyond Efficiency: The Strategic Benefits of AI in Legal Work
While the efficiency gains from AI are significant, the true value of AI in the legal industry lies in its ability to free up lawyers to focus on more strategic tasks. By automating routine drafting tasks and ensuring the accuracy of legal documents, AI allows lawyers to spend more time on activities that require deep legal expertise, such as developing case strategies, advising clients, and negotiating settlements. With AI handling the more mundane aspects of legal work, lawyers can leverage their skills and knowledge to provide higher-value services to their clients.
As AI technology continues to evolve, its role in the legal profession is likely to expand, offering even greater opportunities for innovation and improvement. For law firms looking to stay competitive in an increasingly digital world, embracing AI is not just an option—it’s a necessity.
To learn about bringing the power of AI to your law firm, get in touch with the Sysero team.
