Contracts
Litigation
Intellectual property
Labor, employment,
and safety
Source: Bain & Company
Select a business function to see which of its processes have the most potential
M&A and transactions
Governance
Other
Back
Contracts
Litigation
Intellectual property
Labor, employment, and safety
M&A and transactions
Governance
Other
Back
Contracts
Litigation
Intellectual property
Labor, employment,
and safety
M&A and transactions
Governance
Other
Hover over a process to see details
Back
Contracts
Litigation
Intellectual property
Labor, employment,
and safety
M&A and transactions
Governance
Other
Hover over a process to see details
Back
Contracts
Litigation
Intellectual property
Labor, employment,
and safety
M&A and transactions
Governance
Other
Hover over a process to see details
Back
Contracts
Litigation
Intellectual property
Labor, employment,
and safety
M&A and transactions
Governance
Other
Hover over a process to see details
Back
Contracts
Litigation
Intellectual property
Labor, employment,
and safety
M&A and transactions
Governance
Other
Hover over a process to see details
Back
Contracts
Litigation
Intellectual property
Labor, employment,
and safety
M&A and transactions
Governance
Other
Hover over a process to see details
Generative AI potential | LEGAL
High
Moderate
Low
Generative AI potential | LEGAL
Generative AI potential | LEGAL
Generative AI potential | LEGAL
Generative AI potential | LEGAL
Generative AI potential | LEGAL
Generative AI potential | LEGAL
Contracts
Other
Litigation
Intellectual property
IP strategy
IP policies, licensing contracts, and agreements
Patent, trademark, and clearance search
Low
High
Moderate
Labor, employment, and safety
M&A and transactions
Governance
Generative AI potential | LEGAL
Hover over a use case to see details
Assist a user in collecting all key information to generate a first draft of a contract for review by a lawyer or paralegal
Generate a first draft of a contract
Generate clause suggestions and limitations as part
of contract review
Manage contract life cycle, including tracking contract deadlines, ensuring compliance with contract terms, and managing contract renewals
Analyze language and identify potential issues or areas of concern with contract to prepare for negotiation
Generate a contract summary
Legal operations
Legal operations
Legal operations
Legal
operations
Legal operations
Legal
operations
Legal
operations
Legal
operations
Back
Legal operations
Contracts
Litigation
Intellectual property
Labor, employment,
and safety
M&A and transactions
Governance
Other
Legal
operations
Hover over a process to see details
Generative AI potential | LEGAL
Administration
Portfolio review
Rights protection
Low
High
Moderate
XXXX
XXXX
XXXX
XXXX
XXXX
XXXX
XXXX
XXXX
XXX
XXXX
XXXX
XXXX
Hover over a use case to see details
Low
High
Moderate
Trial and case management
Pre-litigation
Strategy
Legal drafting and research
E-discovery
Document review, management, and controls
Hover over a use case to see details
Low
High
Moderate
Negotiation
Execution
Authoring and drafting
Request and intake
Reviews and approvals
Post-execution, auditing, and reporting
Hover over a use case to see details
Low
High
Moderate
Legal advice and negotiations
Labor disputes
Union and workers’ council support
Drafting claims, employment contracts, and other documents
Legal research
Hover over a use case to see details
Low
High
Moderate
Opportunity analysis
Board preparation and risk advising
Due
diligence
Terms and conditions
Filings and consents
Drafting, structuring, negotiating, and disclosures
Hover over a use case to see details
Low
High
Moderate
Corporate secretary
Assist
board
Hover over a use case to see details
Low
High
Moderate
Risk management
Bankruptcy
Tax
Hover over a use case to see details
Low
High
Moderate
Outside counsel management
Legal function reporting
Knowledge and records management
Technology and data
Hover over a use case to see details
Review documents and data to find information needed for a case
Draft common filings (e.g., complaints, motions, etc.)
Summarize litigation filings in dockets
Search and send relevant documents and evidence
to lawyer ahead of legal proceeding
Draft questions for a deposition by reviewing case objectives and information
Summarize key factors (e.g., outcomes of similar cases, arguments presented, etc.) to understand likelihood of case success
Search databases of existing patents, and identify relevant prior references
Draft patent specifications, and generate alternative claim wordings
Send notifications to patent owners when patents are expiring and up for renewal
Review value of patents and licensing opportunities to optimize portfolio management
Summarize key factors, historical data, and patterns to better understand likelihood of patent approval, infringement risks, and market trends
Monitor and identify potential infringing products or services
Provide answers to questions on local employment laws
Draft employment contracts and offers that comply with current employment laws
Review employment contracts, noncompete agreements, and severance packages, and recommend changes to language that may be ambiguous or unclear
Monitor company policies and procedures to ensure compliance with local, state, and federal laws, and send alerts about potential violations
Assist employees in filing grievances in compliance with collective bargaining agreements
Draft purchase agreements, merger agreements, confidentiality agreements, etc. based on industry standards and jurisdictional regulations
Draft legal briefs and motions
Summarize financial results of past M&A deals from public information
Summarize large volumes of financial, corporate transaction, and legal data to identify potential risks and liabilities
Review and summarize terms and conditions of a deal and compare with expected terms
Summarize key terms of proposed M&A transactions
Generate and summarize board meeting minutes
Assist business leaders and investor relations with questions about company’s investor disclosure policies
Search and retrieve internal and external data to help assess risks associated with a proposed merger or acquisition, including potential regulatory issues, litigation risks, and reputational risk
Conduct tax research
Generate first drafts of bankruptcy filings, debt schedules, and other required paperwork
Build status reports, summarizing progress of legal cases across legal department
Summarize and compare outside counsel rates and fees to identify cost improvement opportunities
Automate document classification, organization, and retrieval, and route documents for review and approval
Generate code snippets to help maintain legal systems and applications
Source: Bain & Company
Generative AI potential | FINANCE
High
Moderate
Low
Select a business function to see which
of its processes have the most potential
Financial planning and analysis
Capital
planning
Control and internal audit
Expertise
Treasury
Tax
Accounting/ transaction processing
Tap over a use case to see details
Generative AI potential | FINANCE
Financial planning
and analysis
Tap over a use case to see details
Generative AI potential | FINANCE
Capital
planning
Tap over a use case to see details
Generative AI potential | FINANCE
Control and
internal audit
Tap over a use case to see details
Generative AI potential | Finance
Expertise
Generative AI potential | FINANCE
Treasury
Tap over a use case to see details
Tap over a use case to see details
Generative AI potential | Finance
Tax
Tap over a use case to see details
Generative AI potential | Finance
Accounting/transaction processing
XXXXX
Internal
management reporting
Tap over a use case to see details
Low
High
Moderate
Generative AI potential | Finance
Accounting/transaction processing
Turn financial data into insightful, data-driven commentary for internal management reporting
Generate management’s discussion and analysis commentary for public filings
Assist a credit approver with retrieving and summarizing customer credit and employment history to approve credit application
Generate customized invoices for nonstandard customer orders
Internal
management reporting
Patent, trademark, and clearance search
IP policies, licensing contracts, and agreements
Back
XXXXXX
XXXXXX
xxxxx
xxxxxx
XXXXX
XXXXX
XXXXX
XXXXXX
XXXXXX
XXXXXX
XXXXX
XXXXXX
XXXXX
XXXXXX
XXXXX
XXXXXXX
XXXXX
XXXXXX
Tap over a use case to see details
Low
High
Moderate
Generative AI potential | LEGAL
Legal
operations
Turn financial data into insightful, data-driven commentary for internal management reporting
Generate management’s discussion and analysis commentary for public filings
Assist a credit approver with retrieving and summarizing customer credit and employment history to approve credit application
Generate customized invoices for nonstandard customer orders
Generate scripts for customer service representatives to follow regarding collections and dispute resolutions
Improve quality of supplier self-service for FAQs (e.g., status of payment, supplier policies, etc.)
XXXXXX
XXXXXX
xxxxx
xxxxxx
XXXXX
XXXXX
XXXXX
XXXXXX
XXXXX
XXXXXXX
XXXXX
XXXXXX
Low
High
Moderate
XXXXXX
XXXXXX
xxxxx
xxxxxx
XXXXX
XXXXXX
XXXXX
XXXXXX
XXXXX
XXXXXXX
XXXXX
XXXXXX
Low
High
Moderate
XXXXXX
XXXXXX
xxxxx
xxxxxx
XXXXX
XXXXX
XXXXX
XXXXXX
XXXXXX
XXXXXX
XXXXX
XXXXXX
Low
High
Moderate
XXXXXX
XXXXXX
xxxxx
xxxxxx
XXXXX
XXXXXX
XXXXX
XXXXXXX
XXXXX
XXXXXX
Low
High
Moderate
XXXXXX
XXXXXX
xxxxx
xxxxxx
XXXXXX
XXXXXX
XXXXX
XXXXXX
XXXXX
XXXXXX
XXXXX
XXXXXX
Low
High
Moderate
XXXXX
XXXXXX
XXXXX
XXXXXX
Low
High
Moderate
XXXXXX
XXXXXX
XXXXX
XXXXXX
XXXXX
XXXXXX
Low
High
Moderate
Turn financial data into insightful, data-driven commentary for internal management reporting
Generate management’s discussion and analysis commentary for public filings
Assist a credit approver with retrieving and summarizing customer credit and employment history to approve credit application
Generate customized invoices for nonstandard customer orders
Generate scripts for customer service representatives to follow regarding collections and dispute resolutions
Improve quality of supplier self-service for FAQs (e.g., status of payment, supplier policies, etc.)
Back
Back
Back
Back
Back
Back
Back
Back
Assist a user in collecting all key information to generate a first draft of a contract for review by a lawyer or paralegal
Generate a first draft of a contract
Generate clause suggestions and limitations as part of contract review
Manage contract life cycle, including tracking contract deadlines, ensuring compliance with contract terms, and managing contract renewals
Analyze language and identify potential issues or areas of concern with contract to prepare for negotiation
Generate a contract summary
Review documents and data to find information needed for a case
Draft common filings (e.g., complaints, motions, etc.)
Summarize litigation filings in dockets
Search and send relevant documents and evidence to lawyer ahead of legal proceeding
Draft questions for a deposition by reviewing case objectives and information
Summarize key factors (e.g., outcomes of similar cases, arguments presented, etc.) to understand likelihood of case success
Search databases of existing patents, and identify relevant prior references
Draft patent specifications, and generate alternative claim wordings
Send notifications to patent owners when patents are expiring
and up for renewal
Review value of patents and licensing opportunities to optimize portfolio management
Summarize key factors, historical data, and patterns to better understand likelihood of patent approval, infringement risks, and market trends
Search databases of existing patents, and identify relevant prior references
Draft patent specifications, and generate alternative claim wordings
Send notifications to patent owners when patents are expiring
and up for renewal
Review value of patents and licensing opportunities to optimize portfolio management
Summarize key factors, historical data, and patterns to better understand likelihood of patent approval, infringement risks, and market trends
Monitor and identify potential infringing products or services
Draft purchase agreements, merger agreements, confidentiality agreements, etc. based on industry standards and jurisdictional regulations
Draft legal briefs
and motions
Draft purchase agreements, merger agreements, confidentiality agreements, etc. based on industry standards and jurisdictional regulations
Draft legal briefs
and motions
Summarize financial results of past M&A deals from public information