Leveraging LLMs as your Paralegal

by David. Hermann , CEO of hermanngroup

As an SMB leader and as a consultant specializing in strategy execution, I've seen countless other SMB leaders struggle with legal documents. The good news? You don't need deep pockets to leverage AI for basic legal document work. Here's what I've learned from helping several small businesses navigate this space.

Let's be crystal clear: AI isn't a replacement for lawyers*. But it can be your first line of defense. Please see disclaimer below.

Here's what's working right now: Use AI to draft your first version of NDAs, basic service agreements, and privacy policies. Have it review contracts before you sign them. Ask it to explain complex legal terms. Create custom templates for your business documents. Just remember to always have a legal professional review anything important or binding.

After those steps have been completed, hand the drafted agreement or the agreement your LLM analyzed over to your lawyer for review. It reduces significantly the amount of time billed for basic work.

The results speak for themselves. One small organization I work with cut their legal document creation time by 70% using AI. Their lawyer now focuses on strategic advice rather than routine paperwork.

The best part? You can start today with tools that cost less than your monthly coffee budget. I've seen businesses (including my own) use LLMs ($20/month) to draft proposals, review client agreements, and create terms of service pages for their websites.

You don't need deep pockets to leverage AI for basic legal document work.

Want to get started? Begin with something simple like having AI explain your existing contracts or draft a basic NDA. Remember, the goal isn't to eliminate your lawyer – it's to make your legal budget go further by handling the routine stuff yourself and saving lawyer time for what really matters.

Share your experiences in the comments! Have you used AI for legal documents in your small business? What worked and what didn't?

*Important Disclaimer: This article is for informational purposes only and should not be considered legal advice. While AI tools can help with basic legal document tasks, they are not a substitute for qualified legal counsel. All legal documents should be reviewed by a licensed attorney before use. The examples provided are for illustration only and may not be suitable for your specific situation. Never rely solely on AI for legal decisions. The author and publisher assume no responsibility for any actions taken based on this information. Laws vary by jurisdiction and change frequently. Always consult with a qualified legal professional for advice specific to your situation.

David. Hermann is a transformative executive and strategist with a remarkable ability to catalyze organizational growth and efficiency. As a trusted advisor to C-suite executives, David has led initiatives resulting in more than $500 million in documented financial improvements for his clients. A recognized thought leader, he has delivered 60+ speaking engagements, authored numerous publications, and ranks in the top 1% of Consulting Voices on LinkedIn, making him a go-to expert in strategy, change leadership and operations.

Are you facing a big challenge at work? Trying to improve your business but not sure where to start? I'd love to chat.

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