Housing Us
Real estate developer, US
- Size
- 5 staff
- Where
- US
The job
The founder uses GenieAI to draft and review leases, purchase contracts and LLC documents before they go to outside counsel. Counsel now reviews a finished draft instead of writing from scratch.
Tool: GenieAI · More using GenieAI
What happened
Drafting a legal document fell from about 40 hours to about 5 hours.
The firm estimates legal document creation costs are down by 80%, roughly 50,000 dollars a year. A lease that once cost about 5,000 dollars in legal fees now costs about 600 dollars, with counsel billing one hour of review and making no edits.
Before you believe it
GenieAI wrote the story, so it is a vendor story. Date not shown on the source page. The 40 hours to 5 hours and the 50,000 dollars a year are the founder's own estimates. The page says the firm still pays counsel to review final documents, so the saving is on drafting and not on legal sign off. Do not skip that review.
Try this prompt
Test the job on your own material before buying anything. Replace the highlighted brackets.
Draft a residential lease for [PROPERTY TYPE] in [STATE]. The key terms are: [TERMS]. Use plain wording, put each clause under a heading and list any term you assumed so that my lawyer can check it before it is signed.
Source
GenieAI ↗, Not shown · vendor story
This source was written or published by the supplier of the tool, so treat the claim as a sales story.
More from the archive
Amier Carmel
Solo employment law practice, New Jersey
A new solo attorney uses GenieAI to draft briefs and complaints and the documents needed to set up the practice. He prompts it with the facts and the clause he needs, then edits the result.
Result Drafting a brief fell from about 8 hours to about 2 hours, a 75% cut.
1 attorneyUS
Anthrotek
Medical technology start up, UK
The team used GenieAI instead of outside law firms to draft and review funding contracts for a seed round. A law firm quote was 15,000 to 20,000 pounds.
Result The firm closed a 1.5 million pound round and says it saved about 12,000 pounds in legal fees.
About 10 staffUK
Axonas
Recruitment consultancy, UK
The founder uses GenieAI to draft and check the placement contracts and terms of business for each candidate placement. Work that needed outside lawyers now takes one sitting.
Result Candidate placement paperwork fell from 5 to 6 hours to about 20 minutes per deal.
1 personUK
Keep browsing: more in Legal and compliance (21) · more using GenieAI (4)
New entries every week
The archive grows weekly. Get the stories in your inbox, with the context behind them.