Sign Up
Stories
AI Contract Negotiation Tool Unveiled
Share
AI Data Layer Insights from Intuit
AI Governance Solutions & Chip Innovatio...
AI Integration for Business Efficiency
2023 AI Trends: A Comprehensive Guide
AI Adoption Unwavering Despite OpenAI Dr...
AI Advancements and Amazon's Ambitions
Overview
API
Allen & Overy introduces AI-powered contract negotiation tool, ContractMatrix, to streamline negotiations and potentially save up to seven hours per negotiation. The tool, developed in partnership with Microsoft and AI legal startup Harvey, aims to revolutionize contract negotiations. However, concerns about job losses, revenue reduction, security, privacy, and ethics arise as the widespread adoption of generative AI in the legal industry looms.
Ask a question
How might the widespread adoption of AI in contract negotiations impact traditional legal practices and client relationships?
In what ways could the introduction of AI-powered contract negotiation tools influence the future of legal education and training?
What measures should be taken to address concerns about job losses and ethical considerations arising from the use of AI in the legal industry?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Sep 2023
Oct 2023
Nov 2023
Coverage