Your Contracts Are a Mess. Let the AI Deal with It

For attorneys in business-focused practices, whether it’s small business formation, large corporate clients, or in-house counsel, contracts play an enormous role in daily activities. They govern risk, revenue, and relationships—but managing them efficiently still feels like an uphill climb. At every stage of life, contracts require attention and upkeep.

Even with CLM (contract lifecycle management) platforms, you spend too much time digging for details, tracking dates, and re-entering the same data across systems. Fortunately, it’s 2025 and artificial intelligence is really good at summarizing and extracting information from documents. Concord harnessed cutting-edge tools to build an AI-centric system to help law firms and legal teams.

Concord’s AI tools—AI Extraction and AI Copilot—deserve serious attention. These tools offer AI that goes beyond the merely functional. They’re intelligent and approachable in ways that save time, ease attorney burdens, and improve client service.

No attorney starts with a blank screen when drafting a contract for a client. Neither should we expect our contract management systems to help only on a “going forward” basis. A truly valuable tool improves both your existing and future state.

Concord’s AI Extraction analyzes your library of existing contracts and retrieves pertinent details. As you add contracts to the system, Concord automatically pulls out essential terms: parties, effective dates, renewal windows, termination notice periods, dollar amounts, governing law—you name it.

AI Extraction’s accuracy impresses, even with complex or multi-party agreements. Importantly, the process is transparent. Once Concord extracts the terms, you can verify and adjust any fields before finalizing. The result is a structured dataset from what was previously a mess of static documents.

What was previously folders of Word and PDF files, perhaps with a “seasoning” of an Excel spreadsheet, sporadically updated, becomes an organized information system, complete with reporting capabilities.

This alone shifts the role of a legal operations or in-house counsel team. Instead of sifting through folders or email threads to answer, “When does this contract renew?” or “What’s the payment obligation?” you simply search or filter. You can even generate reports showing all contracts with 60-day renewal terms or aggregate your exposure based on agreement value.

Concord’s AI Copilot: Legal Insight on Demand

Then there’s AI Copilot, Concord’s new conversational assistant. Think of it as a chatbot for your contracts—one with actual domain relevance and speed. Open any contract in Concord, activate the Copilot, and you can ask plain-language questions like:

• “What are the key obligations of each party?”
• “When does this agreement renew?”
• “Are there any indemnification clauses?”

Copilot responds instantly with context-aware answers. It highlights relevant language in the document and often includes helpful summaries.

Crucially, Copilot isn’t replacing the attorney’s legal analysis. Rather, Copilot helps the attorney perform that analysis in a way that’s both quicker and more thorough than before.

Copilot doesn’t attempt to ‘replace’ legal interpretation—it enhances it. Copilot helps you get oriented faster, spot red flags earlier, and reduce context-switching during contract reviews.

In that role, Copilot improves first-pass reviews for routine agreements or serves as a triage tool for busy in-house teams.

Everything in Concord’s toolbox, from the AI triggers to the review interface, is built with actual legal workflows in mind—minimal clicks, clear audit trails, easy override controls.  AI Extraction and Copilot redefine a lawyer’s contract stack. These tools both make existing processes faster and change what’s possible.

Getting Started with AI-powered Contract Management

If you’re tired of staring at Excel trackers or re-reviewing PDFs for dates you’ve seen three times already, Concord’s AI features are worth serious consideration. They won’t write your contracts for you—and that’s a good thing. But they will let you spend more time on legal thinking and less time on administrative grind. Visit Concord’s website to schedule a conversation.

Last updated August 5th, 2025