Allen & Overy has created an artificial intelligence contract negotiation tool, as the magic circle law firm pushes forward with technology that threatens to disrupt the traditional practices of the legal profession.
The UK-headquartered group, in partnership with Microsoft and legal AI start-up Harvey, has developed the service which draws on existing templates for contracts, such as non-disclosure agreements and merger and acquisition terms, to draft new agreements that lawyers can then amend or accept.
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