Microsoft Scenario Library Legal Contract lifecycle management agent

Available with: Copilot Studio

Legal scenario: Contract lifecycle management agent

Back to Legal Scenarios Download scenario guide

Scenario

Using AI Agents to create a contract lifecycle management agent

Optimize contract workflows with automated tracking, approvals, and repository management.

1. Renewal alerts monitoring

Monitors contract dates and initiate renewal alerts.

Copilot Studio icon

Copilot Studio Agent

Routes contracts to stakeholders for approval.

Copilot Studio icon

Copilot Studio Agent

Tracks approval flow and completion.

Copilot Studio icon

Copilot Studio Agent

Validates final documents and applies version control.

Copilot Studio icon

Copilot Studio Agent

Organizes final versions in contract repository.

Copilot Studio icon

Copilot Studio Agent

KPIs

Opportunity to impact key functional area KPIs

How Microsoft Copilot can help reduce average document review times

Microsoft Copilot can help with lowering review times which in turn leads to increased attorney productivity and higher client satisfaction rates.
Optimizing Legal Workflows​
  • Lower time spent on administrative tasks​
  • Find knowledge and take action​
  • Efficiently draft and format documents​
  • Swiftly scan and summarize documents​

How Microsoft Copilot can help reduce spending

Legal teams can use Copilot to automate routine tasks to improve productivity, expedite processes, and increase client satisfaction. By improving these metrics, legal teams can bring work in-house and become less reliant on outside legal counsel assistance.​
Optimizing Legal Workflows​
  • Reduce time spent on administrative tasks​
  • Find knowledge and take action​
  • Efficiently draft and format documents​
  • Swiftly scan and summarize documents​

How Microsoft Copilot can help to drive efficiencies in regulatory work and compliance

Copilot can significantly enhance efficiencies and scalability in complex regulatory work. By summarizing regulations, streamlining analysis, and providing actionable insights, it empowers legal teams to stay ahead of the curve.
Assessing regulations
  • Summarizes new regulations
  • Provides gap analysis with organization policies
  • Researches relevant external information
  • Identifies possible risk mitigation strategies

How Microsoft Copilot can help streamline transactional processes

Copilot can increase efficiency, understanding, and consistency of contract reviews for increased velocity and better decision making.
Advancing review
  • Summarize complex documents
  • Extract key clauses and terms
  • Highlight sections needing closer examination
  • Generate faster first drafts of contracts

The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.