Artificial Intelligence (AI) is optimizing the document workflow significantly for many businesses and organizations by analyzing documents and managing them.
Because of the power of AI, it has revolutionized many industries especially law firms—when it comes to the constant requirement of AI tools for legal document purposes.
This blog will walk you through the importance of legal AI and mention a few examples of AI legal tools—including UPDF AI.
Let's dive deep into this topic.
At first impression, the introduction of AI tools would generally mean that it will end up replacing lawyers and other designations involved in the legal world. But it isn't quite the case.
Legal AI tools and assistants are brought in to maximize productivity and allow lawyers and others involved to be more efficient with the constant flow of contracts, paperwork, etc.
Here are a few common areas where legal AI can benefit law firms for instance:
Reviewing and analyzing documents efficiently
Since legal professionals have to deal with large volumes of documents in their day-to-day routine, having an AI-powered assistant and document analyzer can help to save hours and also effort.
Extracting key points from contracts
When it comes to contracts, it is essential to have AI assist with extracting critical information and key points such as the parties involved, contract terms, dates, etc., in order to reduce manual risks and other compliance-related challenges.
Save time with legal research
When it comes to doing legal research and understanding various terms, regulations, jargon, statutes, etc., AI tools help to explain each component and analyze legal information for better comprehension.
Performing predictive analysis
In the legal world, predicting case outcomes can be crucial for lawyers and the parties involved. You will find AI tools that are able to provide fundamental analysis and predict outcomes to assist lawyers with swift decision-making.
Now, that you have understood the benefits of having AI assist law firms in these key areas, let us look at a few legal AI tools that can help in dealing with a constant volume of documents and provide insightful analysis.
When it comes to managing the volume of legal documents on a daily basis and doing more activities such as editing contracts, signing, scanning, and so on, UPDF is a tool that is much more than just a legal AI document analysis tool. Explore more by downloading it for free!
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Here are a few key areas where UPDF stands out from other legal AI tools:
The functionalities of UPDF AI
UPDF AI, like other legal AI assistants, is a powerful AI assistant that helps to analyze your legal documents effortlessly and gain meaningful insights.
The UPDF AI chatbot plays a significant role in:
- Summarizing long-form contracts and providing crisp clear summaries within seconds.
- Explaining specific legal terms and portions for better understanding.
- Translating legal documents into multiple supported languages.
- Rewriting legal content and brainstorming ideas on optimizing legal contracts.
- Asking for anything related inside or outside your legal PDF such as providing predictive analysis, analyzing charts, staying updated with legal regulations, conducting legal research, etc.
Edit PDFs and other files effortlessly
UPDF enables you to edit legal documents such as editing specific contents, organizing pages, and also including digital signatures and watermarks for confidentiality.
Moreover, UPDF helps in integrating different file formats into the app. If your file is already a PDF, you can open it directly in the app. Whereas, if it is other file formats such as Excel, Word, JPEG, etc., you can use the Create option in the app to convert the file into a PDF and open it in UPDF in seconds.
Have everything in one place
UPDF supports work productivity and efficiency, and how it can help you by storing and managing volumes of important legal documents in one place, and securely in UPDF Cloud.
You can easily view documents with a couple of clicks and read pages comfortably with the UPDF reading mode.
UPDF AI can transform your legal document workflow with a touch of magic. However, it is essential to know about various other legal AI tools as well.
Here are some of the common legal AI tools that you should know about it and that are specialized specifically for legal professionals.
BetterLegal is a legal AI assistant which can be used as a Chrome extension to analyze legal contracts and agreements. One can use this tool to simplify the legal language and get insights within seconds in simpler language.
Users can copy the legal text, paste it into the tool, and then select the Explain option to get the meaning.
The downside, however, is it only provides 50 credits when getting started, with 1 credit being equivalent to 1 legal text explanation. Users have to complete tasks to receive additional credits.
Paxton AI is an AI platform specifically designed for legal professionals and it helps in automating legal research and document analysis efficiency.
The platform has a knowledge-base database of various legal resources including updated laws and regulations, and this helps in engaging users with conversations to understand the document better. Users can simply upload files and start asking the AI chatbot questions related to the legal document.
Despite providing useful benefits such as summarizing, citing sources, and so on, its interface doesn't encourage convenience as users need to switch tabs or windows to refer back to the document when asking the AI chatbox questions related to the document.
Zuva AI or otherwise called DocAI is specifically designed to analyze legal contracts flawlessly. That means one can analyze long-form PDF documents up to 150 pages and save ample time. Users simply need to upload the file and the AI will do the rest in extracting essential information.
Despite its specialized use, it does have some limitations and it can't be used more than a document reviewer. Its pricing plan for instance requires users to pay a base charge of around $1.25 per document.
Even though AI cannot substitute the judgment of a human mind, there are AI tools that assist with analyzing legal documents and providing legal advice to help lawyers make swift decisions.
Just like other AI tools, legal AI tools utilize the combination of Natural Language Processing (NLP) and Machine Learning to effectively analyze documents and process insightful analysis and responses.
No. Despite the potential and expertise AI possess, it is unlikely to replace the full skill set, experience level, and judgment of a human lawyer. AI tools are there to assist paralegals, rather than replace them.
Legal AI is there to assist lawyers and other legal professionals in the best way possible. One shouldn't sleep on the potential it has and how it can reshape the legal world.
There are many AI tools that help to analyze legal documents effortlessly, but UPDF AI does it better by providing insightful analysis on multiple documents and also allows you to create, edit, and manage contracts and agreements effectively.
Download UPDF for free and start reshaping how you manage documents.
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