Automated Contract Review and Drafting with AI Integration

Automated Contract Review and Drafting Workflow

1. Initial Contract Submission

1.1 Client Upload

Clients submit contracts via a secure online portal.

1.2 Data Capture

Utilize AI-driven tools like DocuSign Insight to extract key data points from uploaded documents.

2. AI-Powered Contract Analysis

2.1 Document Comparison

Employ Kira Systems to compare existing contracts against standard templates to identify discrepancies.

2.2 Risk Assessment

Utilize LawGeex to analyze contracts for potential legal risks, flagging clauses that deviate from best practices.

3. Automated Drafting of Contracts

3.1 Template Selection

Based on analysis, select appropriate templates using Contract Express.

3.2 AI-Driven Drafting

Leverage LegalZoom or Rocket Lawyer for automated drafting of contracts tailored to client specifications.

4. Review and Approval Process

4.1 Internal Review

Distribute drafts to legal teams for review via collaboration tools like Microsoft Teams.

4.2 Client Feedback

Share drafts with clients through secure platforms, allowing them to provide feedback directly on the document.

5. Finalization and Execution

5.1 Incorporation of Feedback

Incorporate client feedback using Clio for document management and version control.

5.2 Final Review

Conduct a final review using AI tools like Everlaw to ensure compliance and accuracy.

5.3 E-signature Process

Facilitate contract signing through platforms such as DocuSign or Adobe Sign.

6. Post-Execution Management

6.1 Contract Storage

Store executed contracts in a secure document management system like NetDocuments.

6.2 Performance Tracking

Utilize AI analytics tools to monitor contract performance and compliance over time.

7. Continuous Improvement

7.1 Feedback Loop

Gather feedback from clients and internal teams to refine the workflow.

7.2 Technology Updates

Regularly evaluate and integrate new AI tools to enhance efficiency and accuracy in contract review and drafting.