Cambridge
Academy
In London

Introduction

Contracts are the backbone of legal practice, and AI is revolutionizing how contracts are drafted, reviewed, and managed. This course covers AI contract analysis, risk detection, and automation in legal workflows.

Objectives

- Understand AI-powered contract lifecycle management.

- Use AI for clause extraction and risk analysis.

- Automate repetitive contract tasks with AI tools.

- Learn best practices and ethical considerations.

Audience

- Corporate lawyers

- In-house legal counsels

- Contract managers

- Compliance officers

5-Day Outline

Day 1: AI in Contract Law

- Overview of AI applications in contract management

- Benefits and challenges of AI in contract review

- Tools: Kira Systems, LawGeex, Evisort, Luminance

- Use cases in corporate law and compliance

- Case study: AI adoption in contract management

Day 2: Clause Identification & Risk Analysis

- AI-assisted clause extraction and tagging

- Identifying high-risk clauses with AI

- Comparative clause analysis across contracts

- Demo: Automated risk flagging in contracts

- Exercise: Review a contract with AI tools

Day 3: Drafting & Negotiation with AI

- AI in drafting standard contract templates

- AI-assisted negotiation simulations

- Using AI to compare and redline contracts

- Risk of over-reliance on AI-generated drafts

- Practical workshop: AI-assisted contract drafting

Day 4: Contract Automation & Workflow Integration

- Automating approval workflows with AI

- AI for contract lifecycle management (CLM)

- Linking contracts to compliance frameworks

- Demo: Building automated contract workflows

- Simulation: Streamlined contract review with AI

Day 5: Ethical & Strategic Perspectives

- Legal liability for AI errors in contracts

- Data privacy and confidentiality in AI systems

- AI and cross-border contract enforcement

- Group project: Build a mini AI contract management solution

- Wrap-up: Future-proofing legal contract teams