Maybe I'm just not getting it...
A simple usecase:
Let's say you have a standard contract for a customer and then each actual contract could change terms and conditions.
"What are the differences between our stand TandCs, and this specific contract?"
Saves hours for a lawyer. That lawyer charges a lot per hour. Either less lawyers needed, more billable hours, or more efficient hours, billing hours that only took minutes.
Oh? Would that comparison be done by GenAI or by a AI/ML tool? I definitely never thought of the analytical potential of GenAI, I was stuck on usecases where its creating something.
This does seem useful. I guess it would transfer the responsibility of getting it correct from your lawyers to you though. If something is wrong in the contract that ends up costing you money, that should be on the lawyer, but now it would be your responsibility. I'd be curious if companies would risk the time/money saved with the new accountability, but I guess we'll see.