Ropes & Gray, in partnership with OpenAI, is developing a proprietary AI tool to streamline transactional diligence. The tool automates the first pass of document review, grouping contracts by theme and generating summaries in the firm’s signature format. Focused initially on material commercial contracts, it mimics the workflow of a junior-to-mid-level associate, enabling lawyers to focus on judgment rather than review.
The tool inventories and categorizes entire data rooms, analyzing document relationships rather than isolated files. Lawyers still review all outputs to ensure accuracy, using the AI to accelerate drafting and refine final judgments. The goal is to produce detailed diligence reports in hours instead of weeks.
Ropes & Gray has already applied the tool to complex transactions, solving client problems faster than before. Leadership encourages experimenting with AI across all aspects of work and life, citing improved speed and consistency. The firm views AI not as a replacement, but as a force multiplier for legal expertise.
Source: OpenAI Blog · Summarized by HeadlinesBriefing