Thread

Are we going to pretend $750/hour law firms are business as usual in the AI age?

Greg Isenberg · x.com

A real founder drafts a contract with AI in 15 minutes, gets a lawyer's 'looks good', and does the math on $2,000 saved.

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It answers 2 questions

  1. Why review contracts with AI before paying a lawyer?
  2. How should founders negotiate customer and vendor contracts with AI's help?

Read with it

  1. Five copy-paste prompts that turn any founder into a competent first-pass contract reviewer. forbes.com Article Save Thousands On Legal Fees: 5 ChatGPT Prompts To Master Contracts Jodie Cook, Forbes
  2. A contract platform honestly maps what ChatGPT does well (summaries, risk spotting) and where it breaks (redlining). juro.com Guide How to use ChatGPT for contract review Juro
  3. Written for founders reviewing contracts without legal support, with a clear when-to-escalate framework. aline.co Article ChatGPT for Contract Review: Capabilities, Limits, and Better Alternatives Aline
  4. Puts real numbers on the decision: $5 and 2 minutes for a SaaS agreement vs $3,000-5,000 for a term sheet with counsel. aidocx.ai Article AI vs Lawyer for Contract Review: Which Should You Choose? AIDocx
  5. Video ChatGPT and the Law Part 1: Lawyer shows how to use ChatGPT for Contracts Practicing lawyer (YouTube)
  6. Video Business Lawyer Explains 9 Things to Look for in Every Contract Business attorney (YouTube)
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