AI for Lawyers: Counterparty Checks and Due Diligence

The legal industry is rapidly evolving with the introduction of artificial intelligence, offering new ways to analyze data and assess risk. For corporate lawyers, understanding how to leverage these tools is becoming an essential skill for staying efficient and accurate in a fast-paced environment. This text-based course provides a clear, practical introduction to using generative AI and large language models for everyday corporate legal tasks. You will learn how to safely integrate AI into your workflow to assist with counterparty verification, risk assessment, and comprehensive legal due diligence, all while maintaining strict data privacy standards. What you'll learn: • Understand the fundamental mechanics of large language models and how they process legal text. • Apply prompt engineering techniques specifically designed for legal research and document analysis. • Practice using AI concepts to extract key risk factors and compliance issues during counterparty checks. • Learn how retrieval-augmented generation (RAG) patterns can help connect AI to verified legal databases. • Identify critical data privacy and security best practices when handling sensitive corporate information. • Create standardized, text-based AI workflows to accelerate the early stages of legal due diligence. The course begins with foundational AI terminology and concepts before moving into practical written exercises on prompt crafting and risk analysis. You will read through realistic corporate law scenarios to see exactly how AI tools can be applied safely and effectively in your daily practice. This course is designed for beginner legal professionals, paralegals, and corporate lawyers with no prior technical or programming experience. Start your journey into legal technology today and modernize your approach to due diligence.