Legal

Reviewing M&A documents and drafting deal memos

AI agents review multi-document deal rooms, identify change-of-control provisions, assess transaction risk, recommend next steps, and produce draft memoranda for legal teams and boards.

Why the human is still essential here

Lawyers still need to verify issues, assess materiality, confirm legal judgment, and approve any advice or work product before it is used in a transaction.

How people use this

Change-of-control clause extraction

AI reviews target-company contracts in the data room and pulls assignment, consent, and change-of-control provisions into a diligence tracker for lawyers to validate.

Kira / Luminance

Automated diligence issue list

AI categorizes contracts by risk and generates a first-pass issues list highlighting termination rights, anti-assignment language, and missing consents for the deal team.

Luminance / CoCounsel

First-draft deal memo

AI turns reviewed agreements and flagged diligence points into a draft transaction memo summarizing material risks, likely next steps, and open questions for partner review.

Harvey / Lexis+ ProtΓ©gΓ©

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Some Thoughts On Harvey’s Launch of β€˜LAB,’ An Open-Source, Long-Horizon Benchmark for Legal AI Agents

Some thoughts on the recent launch by Harvey of its Legal Agent Benchmark, or LAB, an open-source evaluation framework designed to measure how well AI agents can perform extended, real-world legal work, as opposed to discrete reasoning tasks.

RA
Robert AmbrogiLawyer, legal journalist, blogger, and podcaster
May 19, 2026