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Ropes & Gray Develops Transactional Diligence AI with OpenAI
Law firm Ropes & Gray is developing a proprietary AI tool with OpenAI for commercial contract diligence, performing first-pass document categorization and draft reporting under mandatory lawyer review.
Ropes & Gray partnered with OpenAI to develop an AI tool that assists lawyers with transactional diligence on material commercial contracts. The system categorizes data room documents, groups them by issue, and generates draft summaries in the firm's standard format. Lawyers inspect interim summaries and source records before final delivery, comparing drafts against completed human diligence reports.
Key takeaways
- The tool inventories data rooms, groups documents by themes, and drafts summaries in Ropes & Gray's format.
- Lawyers inspect all intermediate outputs and source records, comparing drafts with human reports to refine the rubric.
Source：OpenAI News Read the original ↗
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