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Note: This article is just one of 60+ sections from our full report titled: The 2024 Legal AI Retrospective - Key Lessons from the Past Year. Please download the full report to check any citations.

AI-enhanced Contextual Clause Suggestions

AI can perform contextual analysis of legal documents, understanding terms within specific legal frameworks or firm-specific precedents, making the review and drafting of contracts more accurate.

2024 has seen the issue of 'context window' (that is, the maximum amount of information you can feed an LLM within the prompt) largely disappear. It is now cheaper than ever before to feed an entire 100-page document to an LLM just to ask it to suggest a clause.

While being the 'easiest' approach, we don't believe it's the 'right' approach, and it certainly doesn't stand up to the 'secure by default' guidelines set out by EU GDPR.