The 2023 InnoLaw CLM Market Study from the InnoLaw Group includes an index of a hundred CLM vendors for in-house counsel—and only ten of the providers featured were true end-to-end systems.
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How It Works: VerifAI from SpotDraft, Using AI in Word To Help Lawyers Review Contracts Faster
Today in the LawSites video series How It Works, we get a demonstration of VerifAI, a Microsoft Word add-in from the contract lifecycle management company SpotDraft that uses generative AI to help lawyers review contracts up to 15 times faster.
VerifAI uses generative AI to review contracts against your personal guidelines, and answer your open-ended questions. It is available to
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Integreon selects Leah Legal Copilot from ContractPodAi
Global alternative legal services provider Integreon has selected Leah Legal Copilot from contract lifecycle management vendor ContractPodAi in a move that Integreon’s CEO Subroto Mukerji says will enable it to …
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LTN Startup Spotlight: Ontra Co-Founder Ben Levi on Leveraging Competition, Finding Best Talent
Legaltech News caught up with Ben Levi, co-founder of Ontra, to look back on the company’s decade in the legal tech industry, from changes in competitors to investors’ evolving appetites.
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Epiq acquires CLM transformation specialist Mainspring
US-headquartered eDiscovery vendor Epiq announced today (28 November) that it has acquired Mainspring, a digital transformation specialist firm for contract lifecycle management (CLM) and contracts migration needs. The acquisition of …
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Epiq Acquires Digital Transformation Firm Mainspring, Seeking to Solve CLM Shortcomings
As the legal industry expresses mixed feelings and concerns about the implementation capabilities of their contract lifecycle management solutions, Epiq is hoping to beef up its CLM consultancy offering with its latest acquisition, Mainspring.
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Onit Launches Generative AI-Powered Contract Management Tool 'Catalyst for Contracts'
The contract solution comes with a chat feature designed to let users have conversations with their contracts and ask questions about clauses, draft language or find inconsistent terms, among other use cases.
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CLM Provider Evisort Announces Custom Large Language Model Built Specifically for Contracts
While Evisort still plans on leveraging third-party large language models like OpenAI’s GPT-4 for appropriate use cases, the company will turn to its bespoke LLM to enhance control, security and accuracy.
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CLM Provider ContractPodAi Grows Generative AI Offerings for Noncontract Teams
Contract life-cycle management (CLM) provider ContractPodAi added five new generative AI powered tools for non-contract asks into its Leah Legal Copilot offering, including Leah Discovery.
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Tokyo-Based Contract Review Startup Expands Into Contract Drafting With LegalOn Templates
Tokyo-based legal technology startup LegalOn Technologies is expanding its product line to support contract drafting with LegalOn Templates, which will offer over a hundred contract templates for in-house teams.
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LegalOn Expands from Contract Review to Drafting with Addition of 100+ Lawyer-Drafted Contract Templates
LegalOn, a company that was already one of Japan’s largest providers of AI contract review technology when it launched into the U.S. market last December, today is announcing its expansion into contract drafting with the release of LegalOn Templates, a collection of more than 100 market-standard templates created and kept current by attorneys experienced in the applicable area of
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Ironclad Opens A Window Into the Black Box of AI with New Chat Interface for Complex Contract Analysis
The contract management company Ironclad today announced plans to launch a chat interface for complex contract analysis that it says will open a window into the black box of artificial intelligence by showing users the steps it took to come to a conclusion.
Ironclad also today introduced an open-source visual programming environment for building with generative AI and announced other
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Ironclad Launches Gen AI Offering That 'Shows Its Work': Ironclad Contract AI
The backend technology that allows Ironclad Contract AI to visually explain its reasoning, called Rivet, is also being offered as an open-source product by the company.
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oneNDA and SimpleDocs Partner to Launch Free Software to Automate NDA Requests and Negotiations
Businesses spend significant time, money and effort negotiating that most-common of contracts – the non-disclosure agreement. With the goal of simplifying and standardizing those business dealings, the non-profit organization oneNDA developed an open-source NDA that, since its launch in 2021, has been adopted by more than 1,000 companies, including American Express, Google, Novartis and Panasonic.
Now, oneNDA is hoping to
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Agiloft’s New ‘AI Trainer’ Is Designed To Empower Non-Technical Users To Create Custom AI Models
One of the challenges of using artificial intelligence software for contract review is training the AI to conform to a company’s unique preferences regarding clauses and key terms. A new product from the contract lifecycle management company Agiloft aims to help companies overcome that challenge by enabling non-technical legal and business professionals to train its AI to identify key terms
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Agiloft Launches AI Trainer, Allowing Legal Teams to Customize AI Models for Contract Analysis
Agiloft seeks to empower legal teams with no IT or coding experience to customize their own artificial intelligence models for a more bespoke approach to contract review and analysis.
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