With the rapid development of artificial intelligence (AI) technology, it is applied to corporate bankruptcy early warning and legal assistance. Thus, it is important to study how AI can predict bankruptcy risk and provide corresponding legal assistance. By analyzing corporate financial data, market trends, and legal documents, AI can significantly improve the accuracy and efficiency of the early warning system to provide companies with customized legal advice and solutions. AI has demonstrated its powerful data processing ability in handling a large number of legal documents and case analyses supporting legal professionals.