Artificial intelligence could soon handle CRE transaction paperwork - theBrokerList Blog

Applications pairing artificial intelligence (AI) and legal services have gained a lot of traction in recent years. According to a recent study from legal contract review platform LawGeex, AI can now outperform lawyers, specifically when reviewing Non-Disclosure Agreements (NDAs) and spotting risks in legal documents. In the study, 20 attorneys and the AI software each reviewed the same five NDAs. Attorneys reviewed the documents with an average accuracy rate of 85 percent in a time of 92 minutes. AI, on the other hand, had an average accuracy of 94 percent in just 26 seconds of review time.