5 Best Legal AI Tools for Legal Professionals (2024 List)
5 Best Legal AI Tools for Legal Professionals (2024 List)
AI-driven legal tech tools are set to reach a value of up to $37 billion this year.
Law firms use AI tools to automate the preparation of discovery requests and discovery responses, as well as streamlined management.
In this article, we’ll see how AI tools integrate with existing workflows and how they influence the future of litigation.
What Are Legal AI Tools?
Legal AI tools are becoming valuable in legal practices. They help legal professionals in many routine tasks that consume a lot of time and effort–from assisting law firms with potential new clients, to fully revising requests for admission and production.
These tools increase the accuracy and efficiency of legal tasks, freeing lawyers to concentrate on strategy and client engagement.
With a much broader focus on automation, legal AI tools are transforming legal practice and are here to stay.
What Is the Driving Force Behind Legal AI Adoption?
Traditionally slow to adopt new practices, the legal profession is now acknowledging the significant rise of AI tools in automating document preparation and discovery review.
Legal professionals adopt legal AI tools, which help reduce the chances of human error and time wasted on manual data entry.
However, the benefits of AI in legal settings extend beyond speed. Accuracy is a critical component, and with machine learning algorithms, these tools continuously improve with use. They learn from each interaction with extensive legal documents, enhancing their performance going forward.
Top 5 Legal AI Tools in the Industry (2024)
The legal field is getting a tech makeover, and AI tools are leading the charge. Let’s look at the top 5 legal AI tools on the market, which are preferred choices by many.
1. Briefpoint
Briefpoint specializes in automating the preparation of discovery requests and response documents, streamlining the response drafting process for various legal documents.
It uses AI to extract key information from documents and assists in creating accurate discovery requests and discovery responses. Briefpoint is designed to simplify this process, saving hours on manual work.
Briefpoint drafts responses by taking your opposing counsels’ discovery requests and turning them into responses to:
Requests for Admission
Requests for Production
Interrogatories
Automate Your First Document For Free With Briefpoint
Discovery responses cost firms $23,240, per year, per attorney. The $23,240 estimate assumes an associate attorney salary of $150,000 (including benefits – or $83 an hour), 20 cases per year/per associate, 4 discovery sets per case, 30 questions per set, 3.5 hours spent responding to each set, and 1800 hours of billable hours per year.
Under these assumptions, you save $20,477 using Briefpoint, per year, per attorney.
Create a free trial account and automate your first document for free.
Or learn about Briefpoint by scheduling a demo here.
2. Clio
Source: Clio.com
Clio is a comprehensive case management system that is designed to do efficient law practice management. It is highly regarded among legal professionals for its user-friendly interface and powerful features.
Apart from having a centralized dashboard that offers a complete overview of all case information and a document management and automation that enables legal professionals to send documents for electronic signature directly, it can also do comprehensive case management and has the capability to integrate a wide range of external websites and services.
This system not only saves time but also enhances the accuracy and efficiency of legal workflows and is a valuable asset for any law practice. It is a cloud-based solution, making it accessible from anywhere, and is designed to cater to the needs of solo practitioners, small firms, and larger law practices alike.
3. PatentPal
Source: PatentPal
PatentPal is a generative AI platform that significantly streamlines the patent application process. It is specifically designed to aid with Intellectual Property (IP) applications by automating the mechanical writing required in patent applications.
Inventors and legal professionals can easily input their claims into PatentPal, which then generates detailed specifications, illustrative diagrams, and preliminary drafts.
The platform utilizes a knowledge graph extracted from a set of claims, applying a transformer technology similar to GPT-3, which allows for creating accurate and reliable content required in patent applications.
4. Spellbook AI
Source: Spellbook
Spellbook AI is a legal software designed to enhance the drafting process and reviewing contracts for corporate and commercial lawyers. It has the capabilities of GPT-4, an AI model developed by OpenAI. It represents a significant advancement in legal technology, providing a powerful tool for lawyers to improve accuracy, efficiency, and speed in contract-related tasks.
Launched in 2022 as the first generative AI copilot for lawyers, Spellbook significantly speeds up the drafting and review process, providing suggestions and automations that align with legal standards and specific needs of each document.
This AI tool is integrated directly with Microsoft Word, making it an addition to the workflow of nearly 2000 law firms and in-house legal teams that utilizes its efficiency and precision in handling legal documents.
5. Casetext
Source: Casetext
Casetext is recognized for its comprehensive suite of AI-driven legal services, notably its CoCounsel AI legal assistant, which accelerates tasks like document review and legal research memos.
Launched in 2013, it garnered the trust of over 10,000 law firms thanks to its ability to enhance legal research and document drafting through AI.
Casetext’s CARA (Case Analysis Research Assistant) uses AI to assist in brief review and informs search results, while CoCounsel, developed with OpenAI technology, aims to help legal professionals accomplish more in less time, such as sifting through vast amounts of discovery documents overnight.
How Legal AI Tools Integrate with Existing Legal Workflows
Legal AI tools act as essential assistants for attorneys, enhancing rather than replacing traditional legal processes. Their integration into law firms with AI tools like. Briefpoint unfolds seamlessly.
These systems complement and strengthen existing processes by increasing time savings and reducing costs simultaneously.
For example, in drafting discovery responses, AI can automate the processes, which helps you save time and reduce the chance of human error. For example, tools like Briefpoint can save up to 87% of the time spent on discovery response documents.
FAQs about Legal AI Tools
Can AI legal tools assist in reducing human error during the review process of legal documents?
Yes, AI legal tools are particularly adept at minimizing human error. They systematically scan through legal documents during the review process and can flag inconsistencies and errors that might be overlooked by a human reviewer. These tools can handle simple tasks with high accuracy and reduce the margin for error.
Can law firms replace lawyers with AI tools?
While generative AI tools are re-shaping the legal industry, artificial intelligence is supposed to help, rather than replace industry professionals.
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