“CoCounsel isn’t just about finding, it’s about creating. CoCounsel assists the user step by step when drafting a new clause, providing direct requests for quick first drafts of the clauses needed or modifying existing clauses with precision using CoCounsel’s AI assistance. CoCounsel Drafting’s chat- based interface feels like having a legal research assistant right in a Word document.”
CoCounsel Drafting is an AI-powered legal drafting tool that promises to revolutionize the way legal professionals create contracts and agreements. Lawyers can spend hours just trying to find the right document to be the model for a new document they need to draft, and CoCounsel Drafting can save the day. Rather than reinventing the wheel or spending hours searching for prior work, users can utilize the generative AI assistant for the document they need to create, and the results are served up and ready for refinement, review, and finalization.
Find the best starting point by searching across the firm’s repositories (SharePoint and OneDrive, additional integrations with NetDocuments, iManage, and HighQ coming soon), or utilize Contract Express or Practical Law Dynamic subscriptions to find templates directly from within Microsoft Word. See Figure 1.
There is no need to waste time navigating folders—simply type a query, and CoCounsel will help locate past work relevant to a user’s current drafting needs. CoCounsel’s AI-generated metadata tags and document summaries ensure accurate search results. CoCounsel Drafting provides lawyers with a resource that goes above and beyond their in-house repository.
Firms using CoCounsel Drafting will have access to Practical Law Playbooks, curated sets of legal guidance, preferred language, and negotiation strategies, which serve as reference guides for legal professionals during drafting and negotiation. Playbooks include standardized clauses, fallback positions, and best practices. Users can leverage existing Practical Law Playbooks or create custom playbooks tailored to their specific needs. Playbooks ensure consistency across contractual documents, streamline the drafting process, and align with professional guidance. CoCounsel provides access to Practical Law’s standard document model agreements and automated document templates so lawyers can avoid the risks and costs associated with manual drafting. CoCounsel pulls relevant language from trusted sources. See Figure 2.
When a lawyer searches for a relevant document or clause, the results will identify whether the document or clause is from the firm repository or Practical Law. Searches are done without ever leaving the draft, driving efficiency and cost savings for the client.
Figure 1: CoCounsel Drafting allows users to search within MS Word for past work to find a good starting point to create new documents.
There is no need to waste time navigating folders—simply type a query, and CoCounsel will help locate past work relevant to a user’s current drafting needs. CoCounsel’s AI-generated metadata tags and document summaries ensure accurate search results. CoCounsel Drafting provides lawyers with a resource that goes above and beyond their in-house repository.
Firms using CoCounsel Drafting will have access to Practical Law Playbooks, curated sets of legal guidance, preferred language, and negotiation strategies, which serve as reference guides for legal professionals during drafting and negotiation. Playbooks include standardized clauses, fallback positions, and best practices. Users can leverage existing Practical Law Playbooks or create custom playbooks tailored to their specific needs. Playbooks ensure consistency across contractual documents, streamline the drafting process, and align with professional guidance. CoCounsel provides access to Practical Law’s standard document model agreements and automated document templates so lawyers can avoid the risks and costs associated with manual drafting. CoCounsel pulls relevant language from trusted sources. See Figure 2.
When a lawyer searches for a relevant document or clause, the results will identify whether the document or clause is from the firm repository or Practical Law. Searches are done without ever leaving the draft, driving efficiency and cost savings for the client.
Users can search for gold-standard and market-specific clause language. Use Practical Law Clause Finder from the Refine menu to streamline the drafting process by locating specific clause types, searching Practical Law, internal documents, and even SEC filings. CoCounsel isn’t just about finding, it’s about creating. CoCounsel assists the user step by step when drafting a new clause, providing direct requests for quick first drafts of the clauses needed or modifying existing clauses with precision using CoCounsel’s AI assistance. CoCounsel Drafting’s chat-based interface feels like having a legal research assistant right in a Word document. It suggests language, clarifies complex terms, and will summarize lengthy terms.
“Once the document is assembled, it’s time to analyze and revise. CoCounsel Drafting helps check for common drafting errors. It’s like having an eagle-eyed proofreader who won’t judge for excessive semicolons or misplaced “whereases.” The user can correct any slip-ups to ensure consistency and accuracy.”
Figure 3: CoCounsel Drafting identifies common drafting issues, discrepancies, and other issues that would take an attorney hours to find.
Reach out to the CoCounsel Drafting team to take it for a spin and learn how AI can help you create new documents.
Back to all articles Company Product Name Filevine Latest Developments and Upcoming Updates Recently unveiled Payments by Filevine is a potent in-house
Back to all articles Company Product Name TimeSolv by profitsolv Latest Developments and Upcoming Updates New reports based on the Logi
Back to all articles Company Product Name Filevine Latest Developments and Upcoming Updates New and evolving AI (artificial intelligence) tools will
Back to all articles By: Dan Hauck Dan Hauck is a former practicing lawyer and is passionate about delivering enabling technology to
