Reviewing legal documents using an LLM

In the realm of legal practice, reviewing legal documents plays a critical role in ensuring accuracy, compliance, and effective decision-making. Thanks to advancements in AI, specifically LLMs, the landscape of legal document review has undergone a significant transformation. This section explores how LLMs are revolutionizing legal document review, streamlining workflows, improving efficiency, and leveraging the power of ML to drive accurate and informed analyses.

Suppose you have a partnership agreement that you want to review. You want to know whether or not it is comprehensive and whether it covers all the necessary aspects to protect both parties. The following prompt asks the LLM to review it and give you some recommendations.

Prompt:

I need you to act as a legal document reviewer to analyze a contract draft. Your goal is to identify any issues or risks in the contract language and suggest improvements while maintaining professional...