Lawyers bill by the hour. It is not in their interest to speed up what they do, because they only have so many clients. They would need far more clients to bill the same hours.
I used AI to save my last company thousands of dollars, and more importantly weeks of time. When I had to negotiate a contract, I'd just have Claude legal make the redlines against the counterparty for me. Sometimes their lawyer even complimented my "lawyer" on how thorough it was.
Only when a final contract was agreed on did I engage my human lawyer for final review (and usually they didn't find anything of concern).
I used AI to save my last company thousands of dollars, and more importantly weeks of time. When I had to negotiate a contract, I'd just have Claude legal make the redlines against the counterparty for me. Sometimes their lawyer even complimented my "lawyer" on how thorough it was.
Only when a final contract was agreed on did I engage my human lawyer for final review (and usually they didn't find anything of concern).
For standard contracts, AI is pretty good.