Signal Contract review cut from 92 minutes to 26 seconds at 98% accuracy

Summary

This signal illustrates how dramatically AI can speed up legal work. EY reports that lawyers using AI to analyze contracts reach 98% accuracy. At the same time, the time taken to review a contract falls from 92 minutes to 26 seconds. EY groups this with gains in medical diagnosis and drug discovery as examples of AI that strengthens rather than replaces human cognition. It describes these results as tangible, but also as reflecting early-stage collaboration models. As partnerships between people and AI mature, EY expects the performance gap over unassisted work to grow even wider.