AI Integrated Document Review and Contract Analysis Workflow

Document Review and Contract Analysis

1. Initial Document Submission

1.1 Client Upload

Clients submit contracts and legal documents through a secure online portal.

1.2 AI Document Scanning

Utilize AI-driven tools like LawGeex or Kira Systems to automatically scan and categorize documents upon submission.

2. Preliminary Review

2.1 AI-Powered Analysis

Implement AI tools to perform a preliminary review of the documents, identifying key clauses, obligations, and risks.

• Example Tools: ROSS Intelligence for legal research and LegalSifter for contract review.

2.2 Summary Generation

AI systems generate summaries of the documents, highlighting important sections for the legal team’s review.

3. Detailed Review Process

3.1 Manual Review by Legal Team

Legal professionals conduct a thorough review of the AI-generated summaries and flagged sections.

3.2 Collaboration Tools

Utilize platforms like Clio or DocuSign for collaboration and communication among team members during the review process.

4. Risk Assessment

4.1 AI Risk Analysis

Employ AI tools to assess potential risks associated with contract terms and conditions.

• Example: LexCheck for automated risk assessment and suggestions for modifications.

4.2 Legal Team Input

The legal team reviews AI assessments and provides input on risk mitigation strategies.

5. Finalization of Review

5.1 Client Feedback

Present findings and recommendations to the client, incorporating feedback into the final review.

5.2 Contract Modifications

Utilize AI tools to suggest and implement modifications to the contract based on the review process.

• Example: ContractPodAI for contract lifecycle management and modifications.

6. Approval and Execution

6.1 Final Approval

Obtain final approval from the client and relevant stakeholders.

6.2 Digital Signing

Facilitate the execution of the contract using AI-powered e-signature tools like Adobe Sign or DocuSign.

7. Post-Execution Review

7.1 Archiving

Utilize document management systems to archive executed contracts securely.

7.2 Performance Tracking

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

• Example: Agiloft for contract management and performance tracking.

8. Continuous Improvement

8.1 Feedback Loop

Gather feedback from clients and legal teams to continuously improve the document review and analysis process.

8.2 AI Model Training

Use feedback to train AI models for better accuracy and efficiency in future reviews.