LegalOn Technologies

With 2024 coming to an end, we're looking back at some of data and trends that have defined the rise of Legal AI this year. Pulling insights from leaders across the industry, the numbers paint a complex picture of an industry in the midst of an AI transformation: 💫 Nearly 80% of legal professionals have tried AI, far fewer are using it daily. 📈 Adoption trails other industries, but legal is adopting AI 5x faster than cloud. 📄 Contract review leads the way, with 90%+ expecting AI to have a big impact. Check it out below 👇

In his latest Substack, David Lat talks about a major law firm's "ChatGPT Fail" which serves as a reminder of the importance of responsible AI use in legal practice. While AI tools like ChatGPT can enhance efficiency, they should always be paired with proper verification methods. This incident highlights a key takeaway: technology is a powerful tool, but human oversight remains essential. As AI continues to evolve, the legal industry has an opportunity to integrate it thoughtfully—enhancing research, drafting, and efficiency while maintaining the highest standards of accuracy. How do you see AI shaping the future of legal work? (Link in comments)

Excited to share insights from our Head of Legal and Legal Content, Bärí A. Williams, on bridging the reliability gap in AI-driven contract reviews. In her latest article for Today's General Counsel, Bärí discusses how implementing contract playbooks can: - Standardize reviews, - Enhance efficiency, and - Mitigate risks Discover how pairing playbooks with AI allows legal teams to focus on strategic decisions while technology handles repetitive tasks. A must-read for organizations aiming to streamline their contract processes. Link in comments!

We are excited to participate in Washington University in St. Louis School of Law's Legal AI Demo Day, co-hosted with Wickard and LawDroid! Here from our CEO Daniel Lewis on February 26 as he showcases our product in a quick 7-minute demo. ⏰ 1 to 2:30 pm ET 📅 February 26, 2025 Registration link in the comments.

✨ Webinar Alert: Turn Your Contract Checklists into AI Playbooks Join our CEO, Daniel Lewis, for a live demonstration of AI-powered playbooks. Learn how LegalOn's enhanced Playbooks feature empowers legal teams to create custom AI review guidelines in minutes. Capture your team's contract expertise and preferences in automated playbooks to ensure consistent, efficient contact reviews across your organization. In this webinar, we'll cover: ⚡ How AI-powered Playbooks turn manual contract guidelines into automated workflows 🧑💼 A live demo of building playbooks - from basic issue spotting to complex negotiation rules 💡 Best practices for embedding institutional knowledge and preferred positions in playbooks 🧑⚖️ Combining custom playbooks with LegalOn's 50+ off-the-shelf playbooks for complete contract review Plus, one lucky registrant will get a $100 gift card for attending! Sign up now using the link in the comments.

Yes, this is indeed the year of custom playbooks for AI contract review! And LegalOn's My Playbooks enable users to create these playbooks in minutes ⚡ Thanks, Robert Ambrogi for covering our announcement today. We're excited for legal professionals to experience how easy it is to automate their standards with LegalOn, and use our 50+ attorney-created playbooks for gaps in their coverage. Read more below 👇

Thanks for sharing the launch of our new 'My Playbooks' capability, Richard Tromans! Take a look at Richard's writeup of how LegalOn enables AI-powered playbook creation in minutes, and see our CEO Daniel Lewis give a detailed product walkthrough below 👇

For too long, legal teams have managed contract review standards through static spreadsheets and Word documents. Today, we're changing that with My Playbooks – AI that learns your unique contract standards and automatically reviews and redlines documents exactly how you want them. Key features: 🛠️ Quickly create custom playbooks that align with your organization's specific requirements ⚡ Automatically spot issues and apply your preferred language in redlines 🧑⚖️ Layer with LegalOn's 50+ expert-drafted playbooks for comprehensive coverage Read more in the post linked in the comments.

Real change takes time, but this looks promising. Great data from LegalOn Technologies. > AL: 'New survey data from LegalOn has shown that 17% of large companies are now using AI contract review software, with a further 21% evaluating the time-saving technology. This matters because: it drives inhouse efficiency, and may also help shift expectations more broadly about how contracts should be handled, both internally and by external advisers to those corporates.' LINK: https://lnkd.in/eYabzJzj #legaltech HT Daniel Lewis

Legal departments are rapidly adopting AI for contract review, with usage rising 75% year-over-year, according to the 2025 State of Contracting Survey released today by LegalOn Technologies and In-House Connect. “This survey confirms what we are hearing from legal teams every day,” said Daniel Lewis, US CEO of LegalOn Technologies. “AI for contract review is no longer a hypothetical–it’s becoming an essential tool to save time, turnaround contracts faster, and automate tedious work. We’re fast approaching the point when lawyers will think, ‘How did I ever do this work without AI?’” 𝗞𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝘂𝗿𝘃𝗲𝘆 𝗶𝗻𝗰𝗹𝘂𝗱𝗲: 𝟭. 𝗘𝗮𝗿𝗹𝘆 𝗦𝘁𝗮𝗴𝗲𝘀 𝗼𝗳 𝗔𝗜 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻: AI adoption for contract review grew 75% year-over-year, with 14% of legal teams now using it (up from 8% in early 2024). Meanwhile, 64% are actively exploring AI solutions, reflecting growing momentum in the early stages of adoption. 𝟮. 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗩𝗮𝗹𝘂𝗲: Legal teams see clear benefits for AI in contract review. Key advantages cited: - Time savings (69%) - Faster turnaround times (69%) - Reduced tedious work (69%) 𝟯. 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗥𝗲𝗮𝗱𝘆: Organizations of every size are evaluating and adopting contract review AI. Many teams are looking for solutions that are ready-to-use with pre-built playbooks, and others are looking to turn their own playbooks or templates into AI review. https://lnkd.in/e-FDWK-9 #LegalTechTalk #LegalTech #Legal #Law #ThoughtLeadership #LegalAI