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AI Contract Generators
AI offers an escape for lawyers who forever dread the blank page with a blinking cursor, via the generation of 'viable first draft' contract template generation.
AI models can significantly reduce template creation time and improve accuracy in generating customized contract templates.[47]
Research undertaken by the author tested how 5 different LLMs fared when drafting legal agreements in full from a single prompt, when compared to GenieAI.
These results show that Legal AI (GenieAI in this case), when given exactly the same prompt, will draft comprehensive 16+ page documents, compared to just 2 pages for the leading large language models.
