Wordsmith, whose AI tools help in-house lawyers draft contracts, handle legal questions, and more, raised a $70M Series B, bringing its total funding to $100M (Melia Russell/Business Insider)

Melia Russell / Business Insider: Wordsmith, whose AI tools help in-house lawyers draft contracts, handle legal questions, and more, raised a $70M Series B, bringing its total funding to $100M — The biggest promise of artificial intelligence in law is not that lawyers will work faster. It's that companies will need fewer of them on the outside.