Your business can save thousand on legal fees with AI. I mean that literally - not in some wishy-washy "potential savings" way. I’ve saved tens of thousands on legals over the last year.

6 months ago I’m sat at my desk, staring at a legal quote with more zeros than my first year's salary. All I needed was a license agreement for my AI Workshop Kit. Simple enough, right?

Well, not quite. You see, we give exclusivity to each of our license holders for their territory and industry. It’s a relatively sophisticated contract that needed to flex to our (now) 100+ license holders.

The lawyers wanted tens of thousands for this work - for an idea that hadn't yet been proven to have legs. Revenue wasn’t coming in yet and a $10,000 bill to get started was looking … rough!

Steep but a that’s just a cost of business, right? Cough it up.

That's what I thought too... until I had "wait a second” moment.

I used ChatGPT and Claude to prepare the agreements, refine, contest and finalise.

It still took hours of work over a whole week. I'm not going to pretend otherwise.

But here's the kicker: when I sent the final agreement to a solicitor, they came back with zero notes.

Not a single one.

And this isn't just about license agreements. We're talking NDAs, terms of service, contracts, contractor agreements - basically any legal document you can think of.

Used correctly we can use AI to slash and burn our company legal costs. Whilst remaining safe.

OK, before we get started, a quick word from our (very exciting, I love this company!) sponsor:

Let’s get started

Lawyers hate this one trick…

Here's something that might surprise you: most legal documents aren't the bespoke masterpieces lawyers would have you believe. They're actually more like Lego sets - standard blocks put together in slightly different ways.

Don't get me wrong - I'm not knocking lawyers. Not…too much. They're brilliant at what they do. But let's be honest about what most legal documents actually are: boilerplates with smart edits.

For example when you purchase a house they don’t write the contract from scratch every time. They have a specific template used thousands of times for every house sale. Adjusted for the specific deal each time.

That's exactly why AI is perfect for this kind of work. It excels at

• Understanding patterns in documents

• Making systematic changes

• Checking for consistency

• Flagging potential issues

And the best bit? AI doesn't charge by the hour. 😂 

What Can You Actually Do?

Let me be crystal clear: i) I’m not a lawyer and ii) I'm not suggesting you fire your lawyers. There are times when you absolutely need professional legal advice. But there's a lot you can do to prepare the groundwork and save a tonne of cash in the process.

I've successfully used AI for

• NDAs and confidentiality agreements

• Terms of service and privacy policies

• Contractor and employment agreements

• License agreements

• Partnership contracts

• Basic service agreements

Over this Playbook, I'll show you

• How to get AI to act as your legal assistant

• The interview method for gathering all necessary info

• How to review and refine documents

• Using AI to spot potential problems

• When to bring in the professionals

We’ll have a really smart paralegal who works 24/7 and costs us $20/month. Use it wisely, and it'll save you thousands.

At its core, our approach is simple

1. Start with solid boilerplate documents

2. Have AI interview you about your specific needs

3. Get AI to craft the first draft

4. Use AIs (plural!) to review and punch holes in the document

5. Finally, have a lawyer review if needed

What's Next?

In Part 2, we'll start with the "boilerplate + interview" method. I'll show you exactly how to get AI to ask the right questions and build documents that fit your specific needs.

Keep Prompting,

Kyle