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Its team was among the list of first to try the ContractMatrix tool released by law organization A&O Shearman late previous year, Groenevelt states. Now, about 15 from the team’s roughly a hundred in-property attorneys are utilizing the generative AI-powered Software to draft and assessment contracts, he notes.
Lawyers are making use of other kinds of AI For a long time, in the shape of tools for deal management and e-discovery. But generative AI differs, Auffret says, since it “seems to be genuinely capable of transforming our legal services shipping product and possessing a way more substantial effect”.
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“The integration of AI into in-property teams is not just reshaping the composition of these groups but will also redefining the value they convey to your table,” says Agrawal.
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