Startups like Lexion and Luminance deployed AI agents capable of autonomously negotiating non-disclosure agreements (NDAs) and procurement contracts.
Technical Insight:
- Fine-tuned LLMs (e.g., GPT-4) cross-reference clauses with jurisdictional laws and client risk thresholds.
- In tests, AI reduced negotiation time from 3 weeks to 6 hours while maintaining 94% compliance with corporate policies.
Applications:
- Mergers & Acquisitions: Accelerating due diligence.
- SMBs: Affordable access to legal services.
Controversy: Law societies in the U.S. and EU debate whether AI agents constitute unauthorized practice of law.