Top 5 AI Legal Tools For Contract Drafting and Contract Review in 2026

Contract drafting and contract review are no longer tasks reserved only for large legal teams or expensive law firms. With the rise of AI legal tools, businesses today can generate, review, and negotiate contracts faster while reducing legal risk and costs.

However, not all AI legal tools are built the same—some are designed for large enterprises, others act as general-purpose assistants, and only a few are truly optimized for everyday contract workflows. In this guide, we compare the top 5 AI legal tools for contract drafting and contract review, highlighting their strengths, limitations, and ideal use cases—so you can choose the right solution for your business needs.

1. DocLegal.ai  is the Best Value Legal AI Tool

Doclegal.ai is an AI powered chatbot with the following capabilities:

AI Legal Document Generation:

• Instant Access to 2800+ business legal templates such as Shareholder Agreement, Brand Ambassador Agreement, Part time Employment Agreement, Privacy Policy for Website,
• AI Customization based on your prompts

AI Legal Document Review

• Upload Your Templates For AI powered Contract Review
• Get Contract Risks Highlighted
• Lengthy Contract Summaries Instantly
• Get Clause Suggestions Based On Your Requirements

AI assisted contract generation and contract review on the best value AI Legal tool i.e. Doclegal.ai now empowers non-legal professionals to review and negotiate contracts independently.  

Document Storage

• Store Your Contracts in a secure place instead of your employee laptops. 

Assures Confidentiality and Data Privacy 

• Your Data is Secure and Confidential
• Doclegal.ai does not use your data for AI training.

Simple Pricing Plans: DocLegal.ai the Best Value AI legal tool and is now offering an affordable pricing to new users, starting from $10 USD/ month

What do Doclegal.ai Users say?

Legal documents are essential, but drafting, reviewing, and managing them can be time-consuming and risky. DocLegal.ai addresses this by offering an AI-powered solution built specifically for modern legal needs. Unlike general-purpose AI tools, it focuses on legal frameworks, and clause-level analysis, making it well suited for legal professionals, businesses, and entrepreneurs handling contracts regularly.

What makes Doclegal.ai an important tool for a startup business?

DocLegal.ai allows users to generate tailor-made contract and agreement templates, replacing generic documents with lawyer-curated, jurisdiction-aware agreements. Users can also upload existing contracts for automated review where the platform flags risky clauses.

Beyond issue detection, DocLegal.ai further stands out through its extensive library of 2,800+ lawyer-curated templates, giving users access to professional-grade legal documents for a wide range of use cases. Built to support multiple jurisdictions, the platform is tailored to the specific demands of common law markets while remaining globally relevant. Combined with affordable pricing, DocLegal.ai helps reduce reliance on costly legal services without sacrificing quality. Its effortless automation allows users to generate, review, and manage documents in just a few clicks, and with flexible, no-risk subscription plans, users can scale their legal needs with confidence and cancel at any time.

Which Legal Tasks Are Made Easier By DocLegal.ai?

• Generate tailor-made contracts and agreements based on specific user needs
• Review uploaded contracts to identify high risk clauses
• Flag inconsistent contract terms
• Support contract review and amendment with structured, actionable insights

Does Doclegal.ai require any integration?

No - Just Sign up - Subscribe - Use and Cancel anytime. No Integration needed!

Best Features of: Contract drafting, amending contracts, contract review, risk detection

Suitable For: Small to Medium Size Business

Watch Doclegal.ai Demo

2. Spellbook

Spellbook is an AI contract review tool designed to analyze contracts, flag risks, suggest edits and translate documents for legal teams. It works as an AI assistant inside Microsoft Word, helping lawyers draft new clauses, redlining, and ask any questions relating to the contract.

Spellbook also provides negotiation-oriented suggestions by reviewing language and proposing alternatives, and it can answer questions related to the document being reviewed. Its strength lies in supporting lawyers as they draft and redline contracts in real time.

Spellbook offers a 7-day free trial, but detailed pricing is not publicly available and requires contacting the company directly.

Best Features: Contract Redlining and Translation

Suitable for: Law Firms 

3. Luminance 

Luminance is built to handle contract review at scale. It analyses large volumes of documents, automatically grouping contracts, spotting unusual clauses, and highlighting potential risk areas. This makes it especially useful for teams working on bulk reviews, due diligence exercises, or large contract repositories where patterns and outliers matter more than line-by-line redlining.

Because it is designed for volume and complexity, Luminance is best suited for large law firms and corporate legal teams managing extensive contract libraries. For single-contract reviews or day-to-day negotiations, its capabilities may be more than what most teams need.

Best Feature: Analyses large volume of documents

Suitable For: Big Law Firms and Corporates

4. DocJuris - Contract Negotiation Software

DocJuris is a contract negotiation software primarily for legal teams. It helps teams stay aligned on where and why a deal is drifting from approved positions.

What it does well:

• Highlights deviations from playbooks during negotiations
  
  
• Supports collaborative review across legal, procurement, and finance
  
  
• Tracks negotiation positions and changes in a structured way
  
  

Best feature: Contract Negotiation

Best suited for: Legal operations and commercial teams managing complex multi-party negotiations.

5.Legal ChatGPT

ChatGPT is commonly used as a general-purpose and a first-pass legal review tool. 

Commonly used for clause interpretation, simplifying complex legal language into plain English for internal teams or non-legal stakeholders. It is often used during early drafting stages or for internal understanding rather than final legal validation. While flexible and fast, it is a gen AI and is advisable to not to use it for legal tasks.

Best  Feature: Simplifying legal language