Draft New Clauses with AI and Benchmark Them Using the Law Insider Index
This tutorial shows how to use the Law Insider Word Add-In to draft missing clauses from scratch and instantly benchmark them using the Law Insider Index.
The tool:
-
Generates AI-powered language aligned with your contract’s defined terms
-
Provides a Law Insider Index score showing how similar the clause is to real-world language from millions of contracts
-
Lets you insert the clause with one click and review matching examples from the Law Insider database
A fast, reliable way to draft and validate new contract terms.
Full Transcript
Hey everyone, I wanted to show you a quick part of the law insider word add-in that I think is pretty cool.
So what you can do with the word add-in, I’ve got an MSA open here, is you can draft language from scratch where you think it’s missing.
So here for example, I think that there’s a non-solicitation clause missing, so I hit draft and I say draft a non-solicitation clause for this agreement.
And then what it does is it generates language with the use of AI.
Okay, so this is not language that comes from anywhere, this is language that’s AI generated.
What’s great about this is that if you were to use language from a previous agreement or found something on the internet, then the terms of the clause would not be aligned.
So here for example, agreement is capitalised because that’s consistent with the content of the agreement on the left.
What also happens here, however, and this is unique to us, is that you get a score and this is a law insider index score that shows you how similar the AI generated language is to the millions of clauses that we have in our database.
And this is a really great way to hallucinate proof when it comes to the drafting of new language, because it accesses all this body of data that we have and tells you whether this language is basically standard or not.
And the bit that made me insecure whenever I’ve used language that I generated using chat GPT or other LLMs, is that I wasn’t sure whether the language that it generated was actually consistent with market standards, particularly when I was drafting clauses for agreements that weren’t necessarily in my field.
Once you’re happy with this, you can just insert the language at the cursor as such and this comes in as a red line and of course you can just amend it.
But yeah, I think it’s really cool that you can see the law insider index score and if you also wanted to dig deeper to see where these similar clauses are coming from, you can hit this, see all and then it will take you to the law insider library and you can see the back end.
So if you wanted to look at the actual language of the clause against which the language, the tallest benchmarking, the generated language against, then you can go in here and you can also go deeper and look at the actual contract that this is coming from.
So yeah, that’s a quick overview of the law insider index.
Thanks.