AI can read 500 pages in seconds — but can it think like a lawyer?

The article examines how Erste Group Bank AG's Primary Capital Markets Legal Team has begun implementing an AI solution to support its documentation-heavy work. It describes the stages of adoption, from selecting and learning the tool to testing its boundaries and reliability alongside daily work, noting that early implementation meant additional rather than less work. The authors explain that the tool assists with cross-referencing, version comparisons and consistency checks, while every output still requires human sign-off. They conclude that AI expands the role of the in-house capital markets lawyer but does not replace legal judgment on disclosure, liability and timing, summarised as "machine for volume, lawyer for judgment".