Loading…
Loading…
Calculate how much time and money your legal team spends reviewing contracts — including revision rounds — and see how AI-assisted review could save you each month.
Contract review costs depend on volume, complexity, and reviewer rates. A mid-size legal team reviewing 40 contracts per month at 2.5 hours each with an average attorney rate of $250/hour spends roughly $50,000/month — or $600,000/year — on review alone. When you factor in multiple revision rounds, total costs can double. This calculator uses your actual inputs to estimate your team's true review spend.
AI legal agents perform the first-pass review in a fraction of the time by automatically extracting key terms, flagging non-standard clauses, identifying missing provisions, and comparing language against your approved templates. Attorneys then review the AI's findings rather than reading every page from scratch. This cuts first-pass review time by roughly 70% and often eliminates one full revision round.
Industry benchmarks vary by contract type: NDAs and simple amendments take 1–2 hours, standard vendor agreements 2–4 hours, and complex M&A or licensing agreements 6–10+ hours. The average across all contract types is roughly 2–3 hours per review cycle. Multiply by 2–3 revision rounds and the total time per contract can reach 5–9 hours.
Yes — AI handles the repetitive, time-consuming parts of review (clause extraction, risk flagging, redline suggestions) but a qualified attorney should always review the AI's output before finalizing. Think of AI as a highly efficient first-pass reviewer that surfaces the issues that matter, so your lawyers spend their time on judgment, negotiation strategy, and client counseling rather than reading boilerplate.