Conducting legal research can be extremely tedious and exhausting work. Artificial Intelligence can help to analyze documents much faster without missing details that a fatigued, overworked person can easily overlook. In addition it is possible to make predictions of the outcome of individual cases based on information contained in prior legal records.
Lawyers working in contract negotiation matters will be happy to have an AI system that could provide a fast and thorough contract comparison whenever there is a battle of the forms between contracting parties regarding which standard contract terms should be utilized.
Conducting a due diligence review in connection with the huge amounts of information that are part of merger, acquisition, or other sophisticated corporate transaction is absolutely necessary.