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AI is becoming increasingly relevant and important across a wide range of industries, including the legal profession. Attorneys are utilizing a variety of AI-powered applications that have been specifically designed for the legal field to enhance the efficiency, accuracy, and overall effectiveness of their work. AI tools and technologies are being used to assist with document processing and classification, such as due diligence, document and contract review, compliance, contract management, knowledge management and deal analysis. Examples of AI-powered tools include Kira and Luminance, which use machine learning to identify, extract, and analyze content in contracts and documents with accuracy and efficiency.
