London, UK; 21st November, 2023: London based AI legal tech company, Genie AI, has added the ability to create any legal contract, in any jurisdiction, from scratch, to its AI legal assistant.
The AI legal assistant can generate an entirely bespoke legal agreement document from over 30 jurisdictions by answering three simple questions.
For hundreds of years, businesses have relied on law firms to draft complex agreements customised to their needs, especially when they don’t have an existing template to hand. With Genie AI’s new “Create” feature, legal professionals and businesses can generate legal documents in a fraction of the time, compared with hiring external counsel.
The ability to create any legal document from scratch mimics the back-and-forth interaction a client would have with their law firm or lawyer:
- Select the contract type you’d like to draft
- Choose the relevant governing law
- Explain what the contract needs to cover in as much detail as you can
Since it’s beta release just three days ago, users have already generated tailored Software Licence Agreements, Employment Agreements, Loan Agreements, Service Agreements, Tenancy Agreements, Court Documents and hundreds of other documents.
During a demo of this feature to a room full of Legal Professionals at LawtechUK’s recent Generative AI event at Clifford Chance, Rafie Faruq, Genie AI CEO, said: “Foundation models like OpenAI don’t generate long form agreements, are often inconsistent throughout the document and references to law may not be relevant to your jurisdiction. We’ve innovated across all of these areas with our AI create algorithm, plus you can use our AI review skill afterwards to check the quality of the document – saving you hours if not weeks of time!”
In other words, Genie’s advanced “Create” and “Review” skills combine to help organisations create high-quality legal agreements in five minutes, not five days, without external counsel. That’s 100x faster and it’s still free to use!
That’s because, while it’s in beta, Genie AI continues to offer its AI Legal Assistant for free. Sign up at https://app.genieai.co/signup
Users should note that the legal quality has so far only been assessed for the UK and US so far.
In the near future, Genie will also release a step-by-step version of “Create” which takes the user through questions for each section of the document, a much needed improvement to the industry standard form “wizard” as you’ll be able to see and tweak your bespoke document in real-time.