As organizations increasingly see the opportunity for AI to streamline legal tasks, companies have hyped all-encompassing solutions that largely leave users underwhelmed. Developing AI-based solutions that truly work requires, well, work! Like any good product, well-designed functional AI demands client-driven use case-focused development and collaboration between data scientists, legal experts, product managers, and designers. In this session, we will discuss how to build Generative AI (GenAI) tools that deliver real value, by working with clients and targeting specific use cases, rather than boiling the ocean. We will focus on contract-based applications for large enterprises, highlight areas of success and identify where they are failing. As large language models (LLMs) have become
the most requested tool for navigating legal complexities, we’ll also explore the transformative impact of GenAI on corporate legal teams when applied correctly to contract analysis, contract management, and compliance. Discussion topics include:

• How to design AI that understands complex, nuanced legal language and provides accurate, actionable answers to contract-related questions, while working with your clients to test ideas, vet solutions and improve output
• Techniques for guiding contract-focused LLMs with prompt engineering and accurate data to achieve elegant responses and increase customer satisfaction
• Best practices for optimizing the value of your executed agreements with GenAI
• Top questions legal teams should ask their providers about contract management and GenAI

By the end of the session, attendees will learn the key elements required to create trusted, secure, and effective enterprise tools that enhance legal’s role and drive better performance.