AI Use Case
Automate review of contracts such as NDAs
Automate contract reviewing spotting errors, omissions and risks.
Function
Legal And Compliance
Legal
Benefits
Cost - Job automation,Operational Support - Issue / outlier ID,Risk reduction - Reduced legal exposure
Case Studies
LawGeex~The LawGeex AI algorithm outperforms human lawyers by 9% in identifying issues with historic non-disclosure agreements,DXC Technology~DXC Technology has increased new business wins by 20% by automating with a contract management platform,Baker McKenzie~Baker McKenzie plans to automate part of due diligence via machine learning contract review platform,BA-HR~BA-HR reduces legal document review time by a third using a machine learning platform,Deloitte~Deloitte saves between 20-90% time in reviewing complex documents such as contracts using machine learning
Potential Vendors
ContractRoom,eBrevia,Luminance,Kira Systems
Industry
Professional Services
Legal
Data Sets
Text
AI Technologies