AI Chatbot Slash Contract Draft Time from Weeks to an Hour

A UK law firm specializing in employment contracts faced time-consuming and costly contract drafting challenges. To address these issues, they implemented an AI chatbot. This AI solution significantly reduced contract creation time from weeks to an hour, boosting efficiency, enhancing customer satisfaction, and reducing costs.

Client:

A UK-based law firm specializing in employment contracts.

Problem Statement:

1. Time-consuming Contract Drafting: They spent weeks creating billable contracts at a limited rate.
2. High Internal Costs: Excessive time spent on contract drafting increased the law firm’s operational costs.

Results:

● 1-hour Contract creation time instead of weeks
● Boosting overall efficiency.
● Enhanced Customer Satisfaction
● Cost Reduction
● Minimizes errors and legal risks.
● 24/7 Accessibility
● Data-Driven Insights

AI Solution:

The law firm implemented an AI chatbot called Asa to streamline the contract drafting process and reduce internal costs. Asa is equipped with machine learning and natural language processing, which enables it to generate employment contracts.

How AI Solution Works:

The client interacts with the chatbot through a user-friendly interface, providing details about the contract’s purpose, the parties involved, and specific terms. Asa utilizes this information to generate a customized contract with appropriate clauses, significantly reducing the need for lawyer intervention in drafting.

Reference:

1. AI Chatbot automates legal contracts

Industry: Legal services
Vendor: Madewithweb
Client: UK-based law firm