Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

AI Contract Generators

18th December 2024

3 min

Research

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 Contract Generators

AI offers an escape for lawyers who forever dread the blank page with a blinking cursor, via the generation of 'viable first draft' contract template generation.

AI models can significantly reduce template creation time and improve accuracy in generating customized contract templates.[47]

Research undertaken by the author tested how 5 different LLMs fared when drafting legal agreements in full from a single prompt, when compared to Genie AI.

These results show that Legal AI (Genie AI in this case), when given exactly the same prompt, will draft comprehensive 16+ page documents, compared to just 2 pages for the leading large language models.

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