How the Monjur Team Uses AI and What They Recommend to Other Businesses

Artificial intelligence has become a transformative force in the world of business, changing how people work — for better or worse. For business leaders looking to integrate this bustling technology into their operations, there is no better model to look towards than the legal sector.

Law firms and legal services providers are multifaceted businesses with several complex moving parts that must all work together to keep the ship sailing smoothly. In other words, if a lawyer can use a tool to make their job easier, it probably makes other jobs easier, too.

Like in many industries, lawyers have found ways to use artificial intelligence to automate some of the more monotonous and routine tasks of the legal profession, from using large language models (LLMs) to draft emails to training a chatbot on how to field basic client communications. However, innovators in the legal sector have begun to pioneer new uses of artificial intelligence that will have an even more profound impact on lawyers’ day-to-day operations.

How Lawyers Are Using Artificial Intelligence

Some lawyers have begun to find use cases for artificial intelligence tools that streamline more complex tasks in the legal profession. For example, an exciting and practical application of AI for lawyers is AI-powered document review, in which a model is trained to identify problematic clauses in contracts. By training AI models on historical data like case files and past contracts, lawyers can teach these tools to identify anomalies that could give rise to serious consequences.

This use case is the foundation of Lawbie, an AI-powered MSA review tool developed by Rob Scott, Chief Innovator at legal services provider Monjur. As a leading legal services provider specializing in contracts-as-a-service (CaaS), Monjur and its team have to review countless contracts and agreements on a daily basis. Lawbie has become an invaluable resource for the Monjur team in streamlining their workload and allowing them to provide their clients with ideal legal services.

“After two decades of serving as a legal resource for MSPs, we have gained valuable insights into protecting our clients through well-crafted legal agreements that provide thorough legal safeguards,” Scott explains.

Using Lawbie, Scott and his team automate MSA reviews to ensure any gaps in legal protections are addressed. They dive deep into three primary areas: protection against cyber threats, vendor risks, and regulatory compliance.

Read full article by: Sean Boelman on: New York Wire