Contract Management Blog | ContractSafe

11 Best Legal AI Tools for Legal Professionals in 2024

Written by Ken Button | Aug 16, 2024 4:10:17 AM

The legal industry is steeped in tradition, with law firms and courtrooms boasting centuries-old practices. But that doesn’t mean it isn’t open to disruption.New tools and technology have been slowly chipping away at the mahogany-paneled offices of legal teams for years, but artificial intelligence (AI) is taking that modern-day makeover to the next level. 

New AI tools are popping up everywhere, and while many aim to disrupt the industry, only a few actually possess the power to do so. 

In this guide, we’ll look at 11 exciting legal AI tools that might just be paving the way for a new era in the legal world. From contract management software and analytics to AI assistants and e-discovery platforms, these tools can help legal pros boost efficiency, reduce costs, and save time so they can focus on big-picture tasks like strategy and negotiation. 

What Can AI Legal Tools Do

Legal AI tools are legal technology solutions that leverage artificial intelligence and machine learning to assist legal professionals in various aspects of their work.

Think of them as intelligent helpers who can automate repetitive and time consuming tasks, analyze huge amounts of data, and spot patterns that could be overlooked by humans. 

These tools are designed to address a wide range of challenges legal teams face, including:

  • Contract management
  • Contract review and analytics 
  • Legal research and analysis
  • E-discovery processes
  • Risk management
  • Client intake and management
  • Drafting documents

Whether you’re a seasoned lawyer or an administrator for a legal team, AI tools can help tackle some of the most complex and time-consuming processes you may deal with in your day-to-day. 


Benefits of Legal AI Tools

Legal AI tools offer a multitude of advantages for legal professionals and their clients. 

Here are some of the key benefits to consider:

  • Enhanced productivity and cost savings: AI automates repetitive tasks like data extraction, contract review, and legal research. This frees up valuable time for lawyers to focus on higher-level strategic work, such as client counseling, complex legal analysis, and developing winning litigation strategies. 

  • Improved accuracy: Legal AI tools are trained on massive datasets of legal documents and case law. This means can flag inconsistencies in contracts, predict potential legal issues, and ensure adherence to regulations, all of which contribute to a significant reduction in errors and improved overall accuracy in legal work. In fact, AI was able to review 153 paragraphs of contractual language with a 94% accuracy rate, and it was able to do it in just 26 seconds. 

  • Enhanced decision-making: Legal AI tools provide valuable insights and data-driven analysis that empower lawyers to make more informed decisions. These tools can analyze past cases, spot trends in your contract portfolio, or even predict how a judge might rule on a case. 

  • Improved client services: AI tools allow legal professionals to deliver faster and more accurate services to their clients. From quicker contract turnaround times to more thorough legal research, the use of AI can significantly improve client satisfaction and loyalty.

  • Personal assistant: AI can act as your personal assistant by managing calendars, creating graphs and spreadsheets, and even drafting emails. But make sure to always double-check its works before hitting send. 

  • Scalability: Legal AI tools are designed to be scalable, meaning they can easily adapt to handle increasing volumes of work without the need to proportionally increase staff or resources. This is crucial for law firms and legal departments looking to expand their operations efficiently.

And these are only scratching the surface of what AI might be able to do in the future. 

11 Best Legal AI Tools

Now that we've explored the advantages of legal AI tools, let's dive into some of the leading solutions available on the market today. 

Here's a curated list of 11 best legal AI tools:

  Price Key Differentiator
ContractSafe $$ Affordable, easy to use, and quick to implement with the core features teams actually use and none of the bloat 
ContractWorks $$$ Feature-rich with a price tag to match
CobbleStone $$$$ Procurement-focused tool with a steep learning curve and limited reporting and repository features
Concord $$$ An array of contract generation and editing features but lacking in post-signature tools
Contractbook $$$$ Focus on contract generation but falls short on reporting tools
Ironclad $$$$$ Comprehensive end-to-end solution at a high price point
Agiloft $$$$$ Robust but complex solution with extensive features that can be difficult for less tech-savvy users 
LinkSquares $$$$$ AI-focused software with an opaque pricing structure and longer-than-expected setup time
ContractZen $ Competitively priced but limited in features
SpotDraft $$$$$ Template-based contract creation with complex, rigid interface
Evisort $$$$$ Complex, enterprise-grade AI with unclear pricing
DocuSign CLM $$$ Well-known e-signature solution with lackluster contract management, and notoriously bad repository features
Outlaw $$$$ “Deal Room” collaboration features with limited customization
Gatekeeper $$$$ Procurement-focused solution that integrates with CRM and ERP systems
  Price Key Differentiator
ContractSafe $$ Affordable, easy to use, and quick to implement with the core features teams actually use and none of the bloat 
ContractWorks $$$ Feature-rich with a price tag to match
CobbleStone $$$$ Procurement-focused tool with a steep learning curve and limited reporting and repository features
Concord $$$ An array of contract generation and editing features but lacking in post-signature tools
Contractbook $$$$ Focus on contract generation but falls short on reporting tools
Ironclad $$$$$ Comprehensive end-to-end solution at a high price point
Agiloft $$$$$ Robust but complex solution with extensive features that can be difficult for less tech-savvy users 
LinkSquares $$$$$ AI-focused software with an opaque pricing structure and longer-than-expected setup time
ContractZen $ Competitively priced but limited in features
SpotDraft $$$$$ Template-based contract creation with complex, rigid interface
Evisort $$$$$ Complex, enterprise-grade AI with unclear pricing
DocuSign CLM $$$ Well-known e-signature solution with lackluster contract management, and notoriously bad repository features
Outlaw $$$$ “Deal Room” collaboration features with limited customization
Gatekeeper $$$$ Procurement-focused solution that integrates with CRM and ERP systems

1. ContractSafe: Contract Management 

ContractSafe is an industry-leading contract management solution that uses AI to help you do what you're already doing, only faster and more efficiently. 

Whether you're moving from a shared hard drive or spreadsheets to a new digital repository or trying to schedule alerts and approval workflows to stay ahead of your obligations, ContractSafe can meet you where you are and provide you with exactly what you need to take your contract management to the next level.

Key Features:

  • Smart data extraction: ContractSafe uses AI to automatically extract data tailored to your needs, saving you countless hours.

  • Document categorization: Categorize your contracts by type, making it easy to find and report on your contracts quickly and accurately. 

  • Automated reminders and notifications: Say goodbye to missed deadlines and forgotten renewals. ContractSafe will keep you on top of critical dates, ensuring you meet obligations seamlessly.

  • Advanced OCR searchBuried in scanned documents or screenshots of redlined contracts? No problem. ContractSafe's Google-like search functionality tackles even the toughest document formats, letting you find specific contracts with ease.

  • Integrations with other business tools: Combine ContractSafe with your existing tools and eliminate data entry drudgery. Focus on what matters most — strategic legal work, not administrative tasks.

With ContractSafe, AI isn't the star of the show, but it is the workhorse that's powering some of the software's most useful and exciting features.


2. Lex Machina: Legal Analytics


Lex Machina is a legal analytics platform powered by AI. With Lex Machina, you can transform mountains of court documents into actionable insights. 

Lex Machina can help you ditch the guesswork and make data-driven decisions so you understand opposing counsel's strategies and how judges typically rule in their courts. It can also help you set realistic expectations and build stronger client relationships.

Key Features:

  • Court and judge analytics: Gain valuable insights into judge tendencies, motion success rates, and litigation trends within specific courts.

  • Opposing counsel evaluation: Analyze opposing counsel's past performance, win/loss rates, and preferred arguments to develop a winning litigation strategy.

  • Case assessment tools: Leverage AI-powered predictions to estimate case outcomes and set realistic expectations for your clients.

  • Specialized industry insights: Get in-depth analysis for various practice areas, including intellectual property, employment, and antitrust law.

With Lex Machina, you can leverage an AI tool that will give your legal team a competitive edge based on data. 

3. Everlaw: E-Discovery Platform

Everlaw is a litigation platform designed with intuitive AI to streamline the discovery process.  

Everlaw empowers legal professionals of all technical backgrounds by automatically summarizing findings, suggesting citations, and even answering open-ended questions buried within documents.

Key Features: 

  • AI-powered review and organization: Streamline your workflow and identify key evidence faster.

  • Predictive coding: Leverage AI to prioritize high-value documents for review.

  • Visual search and storytelling tools: Craft compelling narratives for presentations and court appearances.

Everlaw empowers legal teams to expedite e-discovery, ensuring a more accurate and collaborative review process.

4. Latch: Generative AI Assistant 


Latch is a legal tech tool powered by generative AI that simplifies the creation, review, and communication of legal documents.  

Ever struggle with legalese? Latch's AI rewrites complex language into clear and concise terms, ensuring everyone involved understands their rights and obligations. This not only simplifies reviews but also enhances client communication and streamlines processes with automated checklist creation.

Key Features:

  • Language simplification for legal documents: Make complex legal jargon understandable for everyone.

  • Automated source referencing and checklist creation: Eliminate repetitive tasks and save time.

  • Summarization of agreements and legal texts: Quickly grasp the essence of complex documents.

Latch essentially uses AI to tackle one of the legal industry's most arguably frustrating issues: jargon.

5. Smith.ai: Virtual Receptionists


Smith.ai is an AI-powered virtual receptionist service designed to streamline your business's operations. 

Smith.ai's virtual receptionists handle it all, 24/7, freeing your legal staff from administrative burdens and allowing them to focus on billable hours and core legal work. This translates to a more positive client experience from the first contact, increased efficiency within your firm, and, ultimately, the potential to grow your client base and revenue.

Key Features:

  • 24/7 virtual receptionist services: Provide exceptional client service around the clock.

  • Client intake and qualification: Capture qualified leads and streamline your intake process.

  • Appointment scheduling and call forwarding: Ensure a smooth client experience from initial contact to appointment scheduling.

Smith.ai empowers law firms to focus on what matters most — client relationships and legal expertise — by seamlessly managing the essential yet time-consuming tasks of client intake, appointment scheduling, and customer service.

6. Relativity: E-Discovery Platform


Relativity is another e-discovery platform designed to streamline complex legal matters. Leveraging advanced AI, Relativity automates tedious tasks and empowers legal teams to focus on strategic decisions.

Key Features:

  • AI-driven data collection and organization: Effortlessly collect and organize massive data sets, saving valuable time and resources.

  • Advanced analytics for insight into data sets: Gain valuable insights from your data with AI-powered analytics, uncovering hidden patterns and key evidence.

  • Automated redaction and document translation: Ensure data privacy and streamline international discovery with automated redaction and translation tools.

Relativity empowers legal teams to manage large, complex e-discovery projects with greater efficiency and uncover critical information faster, leading to stronger cases and more successful outcomes.

7. PatentPal: Niche Patent Tool


PatentPal is a niche legal tech tool designed to streamline the patent application process for attorneys and inventors. Leveraging AI, PatentPal empowers users to create and format patent applications efficiently.

Key Features:

  • Automated drafting: With AI assistance, generate patent application components — claims, descriptions, and specifications — saving valuable time and resources.

  • Patent office compliance: Ensure your applications meet all formatting requirements with PatentPal's built-in formatting tools.

  • AI-powered claim and description guidance: Receive AI-driven suggestions to strengthen your claims and descriptions, improving the clarity and defensibility of your patent application.

By automating repetitive tasks and offering AI-powered guidance, PatentPal empowers users to focus on the strategic aspects of patent drafting, leading to a more efficient and effective patent application process.

8. Legalese Decoder: Jargon-Reducing Tool 


Legalese Decoder is a web-based AI tool designed to demystify legal documents by translating complex legal jargon into plain English. 

Key Features:

  • Jargon translation: Simplify complex legal language into clear and understandable terms.

  • Concept breakdown: Break down intricate legal concepts into simple takeaways for a broader audience.

  • Accessibility features: Enhance user experience for non-legal professionals with accessibility-focused functionalities.

By bridging the legal jargon gap, Legalese Decoder empowers diverse users to engage with legal information more effectively, fostering greater understanding and informed decision-making across the legal landscape.

9. Casetext CoCounsel: AI Assistant


Casetext CoCounsel is a legal AI assistant built on the secure and powerful GPT-4 technology. CoCounsel empowers legal professionals to expedite legal research, draft documents faster, and analyze contracts with precision. 

Key Features:

  • AI-powered legal research: Leverage advanced AI to conduct efficient and thorough legal research.

  • Drafting assistance: Generate high-quality drafts for various legal documents, saving valuable time and resources.

  • Secure document processing: Enjoy peace of mind knowing your confidential information remains protected with CoCounsel's secure processing.

  • Customizable: Adapt CoCounsel to your specific legal practice needs and jurisdictions for a more personalized experience.

By providing a secure, intelligent, and efficient legal AI solution, Casetext CoCounsel becomes an indispensable partner for legal professionals seeking to streamline their workflows and achieve better outcomes.

10. Luminance Diligence: Contract Review


Luminance Diligence is a contract review software powered by next-generation AI, designed to expedite and enhance due diligence processes, particularly for M&A transactions and real estate deals.

Beyond high-volume document analysis (over 3,600 documents per hour), Luminance can also flag inconsistencies, enhance collaboration, and streamline negotiations. 

Key Features: 

  • Deep contract insights: AI uncovers critical terms, clauses, and potential risks across multilingual and multi-jurisdictional contracts, providing a holistic understanding.

  • Prioritization and anomaly detection: Focus on the most important aspects first. Luminance flags unusual clauses and inconsistencies, allowing legal professionals to prioritize review and identify potential issues.

  • Automated redlining and comparison: Streamline the review process with automated identification of deviations from standard clauses and redlining of key areas.

  • Collaboration and accessibility: Securely share documents and collaborate with colleagues regardless of location.

In essence, Luminance Diligence empowers legal teams to conduct faster, more efficient, and insightful contract reviews during due diligence, saving significant time and resources.

11. Harvey: Contract Analysis 


Harvey is a cutting-edge legal AI tool designed specifically for elite law firms.  Currently in beta, it utilizes generative pre-trained transformer (GPT) technology with the financial backing of OpenAI.  

Harvey goes beyond basic legal AI by incorporating legal-specific data like case law and reference materials. This foundation is further enhanced by the ability to train on a specific firm's work products and templates, making it a truly bespoke solution that evolves alongside the firm's expertise.

Key Features:

  • Contract analysis and due diligence assistance: Identify hidden clauses, predict potential risks in contracts, and improve contract language, streamlining the review process.

  • Litigation support: Develop persuasive legal reasoning and strategies by analyzing opposing counsel's arguments and identifying relevant case law.

  • Regulatory compliance guidance: Navigate the complexities of regulatory compliance by providing up-to-date guidance tailored to the firm's specific practice areas.

  • Personalized training on a firm's work and templates: Harvey can become an extension of a firm's expertise, potentially leading to significant efficiency gains by automating repetitive tasks and surfacing relevant precedents.

Harvey offers a powerful AI solution specifically designed to enhance a law firm's capabilities across contracts, litigation, and regulatory compliance.

What To Look for in Legal AI Tools

When considering the adoption of legal AI tools, it's important to choose software that not only meets your current needs but also aligns with your long-term goals. 

Data Security

Given the sensitive nature of legal work, the security of client data is paramount. Legal AI tools must offer robust security features to protect against data breaches and ensure compliance with regulations like GDPR or HIPAA, where applicable.

Here's what to look for:

  • End-to-end encryption: Ensure your data is scrambled during transmission and storage, making it unreadable to unauthorized users.

  • Regular security audits: Independently verify that the tool's security measures are up-to-date and effective.

  • Compliance certifications: Look for certifications like SOC 2 or ISO 27001, which demonstrate adherence to industry security standards.

  • Clear data handling policies: Understand how the tool stores, uses, and deletes your data.

If the tool utilizes a large language model like GPT-4, make sure your data is not used to train or improve the model without your explicit consent.

Ease of Use

Your team will be able to adopt tools that are intuitive and easy to navigate, minimizing training time and maximizing productivity gains.

Look for tools with user-friendly interfaces, comprehensive support, and training resources. 

A good sign is if the provider offers demos or trial periods for you to assess the tool's usability.

Ultimately, you want something you can implement seamlessly into your current workflows, not something that will upend every process you’ve worked so hard putting together. 

Integration With Existing Tools

A legal AI tool that integrates with your existing software ecosystem can streamline workflows and improve overall efficiency. 

First and foremost, make sure the tool you’re considering integrates with whichever other legal software you may be using.While it may not be reasonable to expect every software to work well with every other software out there, an application programming interface (API) or Zapier integration will help you bridge the gap.

What matters most is that if you can’t integrate right out of the box, there’s a way to do it behind the scenes. That’s exactly what API and Zapier integrations bring to the table. 

Value and Necessity

The best legal AI tools solve specific problems, enhance your capabilities, and offer a clear return on investment

Ask yourself these questions:

  • What problem does the tool solve? This can include things like automating repetitive tasks, reducing costs by streamlining workflows, or enhancing service quality by providing deeper insights.

  • Does the problem actually need this tool to be solved? Sometimes more tech isn’t necessary. 

  • Is the tool worth its cost? Are you reducing costly errors, saving time, or generating more billable hours thanks to the tool? 

It’s also important to consider your current workflow. If you’re looking to use an AI tool to scale your operations, you first need to make sure your operations are ready to scale. Consider auditing your current processes before going all in on a shiny new tool. 

Scalability

If your processes are on point and your tech stack is the only thing holding you back, an AI tool should be able to help. But it has to be flexible enough to scale with your business.

This means accommodating more users, larger data sets, and increasingly complex tasks without significant performance issues or surprise costs. 

Look for tools that offer flexible pricing plans, robust infrastructure, and the ability to add users or features as needed.

Support and Training

Effective support and training are crucial for maximizing the value of your chosen legal AI tool. 

Here's what to look for:

  • Support availability: Look for responsive and readily available support options, such as phone lines, live chat, or email ticketing systems.

  • Quality of training materials: Are there comprehensive training resources like user manuals, video tutorials, or knowledge base articles readily available?

  • Training options: Does the provider offer personalized training sessions, online courses, or webinars to get your team comfortable with the tool?

  • Customer service: Evaluate the quality and responsiveness of the provider's customer service team.

While good software should be fairly intuitive, quality support can help you get the most out of your investment. 

Customization and Flexibility

Every legal practice has unique needs based on its size, specialty, and client base. 

Assess the extent to which a tool can be tailored to fit your specific workflows, document types, and analysis needs. 

The ability to customize dashboards, reports, and alerts can be particularly valuable.

Compliance and Ethical Considerations

Legal AI tools must comply with legal and ethical standards relevant to your practice area and jurisdiction. Here are some things to consider: 

  • How does the tool address potential biases in AI algorithms and ensure fair and ethical decision-making?
  • Does the tool align with current regulations and standards in the AI field?
  • How about your own established ethical guidelines? 
  • Does the provider offer transparency regarding how the tool's AI algorithms arrive at their conclusions?

AI is still a very new field, and it’s already shown a number of problems, from biased data sets to creating its own legal precedents out of thin air. 

More than anything else, you want to make sure a human has the final say in your AI tool’s output. 

Learn How Your Legal Team Can Use ContractSafe To Transform Your Contract Management

ContractSafe’s approach to AI emphasizes utility rather than buzz. Instead of jumping the gun, so to speak, ContractSafe has found a perfect balance, emphasizing AI features that actually help you do your job better. Our [AI]ssistant is a powerful feature that will let your team get back to big-picture tasks like strategy while saving time and money by automating mundane tasks.Want to see it in action? Schedule a demo today and check it out for yourself.