Legal tech tools (including tools that utilize AI) are available through Bloomberg Law, Lexis+, and Westlaw for transactional law, and include tools such as Bloomberg's Deal Analytics and Westlaw's What's Market. This page provides examples of some of the other databases and tools that have appeared in the past few years that utilize technology or AI to handle various tasks.
While Stanford doesn't subscribe to any of the below tools, it's useful to be aware of what's out there (this is a constantly and continually changing list), and many of them do offer free trials. Additionally, ask your job/summer internship whether they subscribe to any of the below databases (or any other AI or legal tech tools). Many law firms and businesses are also developing their own in-house AI systems that work just with the workflows of that individual firm, so be sure to ask about (and use!) those systems if available.
This list will be updated every 6 months; please check the "last updated" note at the bottom for its status.
As the above Overview alludes to, legal tech tools (especially legal tech tools that utilize AI) are constantly changing, shifting, being acquired, updating to a different software/AI model. The only constant is change. So, how do you assess a new tool that you come across or analyze an old tool that has added a new feature? Below are some questions to ask as you use the tool, explore its website, or talk with its representatives. This list certainly isn't comprehensive, but provides a good starting place.
First, for any tool, you should ask what's the learning curve for using the tool effectively and efficiently? Does the tool seem well-organized, user-friendly, with an accessible help team? Note that your answer to these last two questions may differ from another person's, depending on your own preferences and goals.
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Purpose
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Transparency
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Accuracy & Sources of Information
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Reliability
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