An essential underlying component of agentic AI — LLMs — is what makes these tools so accessible. LLMs use natural language, which means users can ask agentic AI questions or give directions, known as queries or prompts, in the same way they would when speaking to another person. Below are some examples of prompts a user might assign to their agent.
Reviewing a document
Scan, retrieve, analyze, summarize, and correct information
Legal, Review this NDA and extract any clauses regarding obligations of the receiving party. I also want you to flag risky or missing terms, summarize consequences of breach, and suggest edits based on state precedent or company policy.
Tax, Can you check for any potential errors in this document? Also, ensure correct deductions and credits, and analyze year-over-year changes. Make suggestions for improvement and explain why you made those suggestions.
Risk, For this document of customer profiles, assess the clients most at risk of defaulting on their loans. Prioritize them by risk level and explain your reasoning.
Checking compliance
Interpret information within the context of various regulations, requirements, and policies
Legal, Check this service agreement for compliance with California labor law, especially regarding non-compete and at-will employment clauses. Also, highlight any indemnity clauses that exceed our company’s standard liability threshold.
Tax, Review this fixed asset register for depreciation methods and confirm they comply with MACRS.
Risk, Review this batch of wire transfers for violations of our bank’s anti-money laundering thresholds. Is there any SAR-worthy activity worth flagging?
Researching and investigation
Find, analyze, and organize essential information
Legal, What are the current Federal Trade Commission (FTC) guidelines for advertising disclosures on social media?
Tax, What are the tax implications of intercompany loans under U.S. and Organisation for Economic Co-operation and Development (OECD) transfer pricing rules?
Risk, Cross-reference these IP addresses and phone numbers with known fraud cases or scam operations.
Drafting a document
Prepare customized and accurate documentation and templates
Legal, Draft a term of service agreement for a subscription-based mobile app, including a dispute resolution clause.
Tax, Create a cover letter for submitting an amended tax return to the IRS with an explanation of the changes.
Risk, Generate a fraud investigation report including findings, timelines, and recommended remediation steps.
Training and knowledge retrieval
Help junior associates advance their knowledge in particular areas and better understand processes faster.
Legal, Should I be using a unilateral or mutual non-disclosure agreement (NDA) for this case? Explain the difference and why I should use one and not the other.
Tax, How can I check whether a client is eligible for the research and development (R&D) tax credit? Break the process down into steps.
Risk, Walk me through how to perform a basic third-party risk assessment using a standard checklist.