Contract Review and Analysis (Post Signature)

Does the corporate legal market need yet another contract lifecycle management product? Well, Bloomberg Law thinks it does.
Last month, Bloomberg Law released a survey it conducted with legal news and information company ALM that found that nearly 75% of in-house counsel said that their contract workflow technology did not meet their needs, even though contracts-related tasks make up at
Continue Reading Bloomberg Law Launches A Product For Storing, Searching, Drafting and Negotiating Contracts

Seattle-headquartered contract management vendor Lexion has raised a $20m Series B funding round led by Point72 Ventures, with participation from Citi Ventures, and existing investors Khosla Ventures, Madrona Venture Group, …
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The post Contract management: Lexion raises $20m Series B appeared first on Legal IT Insider.
Continue Reading Contract management: Lexion raises $20m Series B

Lexion, an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, said today that it has raised $20 million in Series B funding, bringing its total amount raised to more than $35 million.
This latest funding round was led by Point72
Continue Reading AI Contract Management Platform Lexion Raises $20M Series B to Further Develop Its Technology

This week marked the annual Legalweek show in New York, one of the world’s largest and most prominent legal technology conferences. Although COVID kept me from attending, it is not keeping me from covering the news coming out of the show.
Previously, I posted part one of my roundup of Legalweek news, featuring news from Reveal-Brainspace, Casepoint, DISCO, ContractPodAi, Haystack
Continue Reading Legalweek News Roundup Part 2: CASEpeer, Evisort, Everlaw, Hanzo, LawPay, LexCheck, LinkSquares, LegalEase, Logikcull, Milestones, MyCase

This week brought the annual Legalweek show to New York, one of the world’s largest and most prominent legal technology conferences. Traditionally a place where major legal tech companies announce new products and features, this year was no different, save for slew of GPT-related announcements. As has been the case for several years, e-discovery and contract-management companies dominated the news
Continue Reading Legalweek News Roundup Part 1: Reveal, Casepoint, DISCO, ContractPodAi, HaystackID, Repario

Most people don’t have $100 million severance clauses, but they should figure out what they do have.
The post Anyone Working For Elon Musk (Or Anyone Else For That Matter) Should Probably Run Their Contracts Through This Right Now appeared first on Above the Law.
Continue Reading Anyone Working For Elon Musk (Or Anyone Else For That Matter) Should Probably Run Their Contracts Through This Right Now

Zuva, the company that spun off from Kira Systems after Kira was acquired by Litera in 2021, is offering a completely free version of its AI-powered contract review technology, which can be used by anyone just by uploading contracts to Zuva’s website.
“Contracts AI is typically pretty expensive,” Noah Waisberg, Zuva’s CEO and cofounder and the original cofounder
Continue Reading Zuva Launches Free AI-Powered Contracts Review Tool

With the legal industry consumed with interest in generative AI and legal tech companies scrambling to incorporate the technology into their products, it was a sure bet that, sooner rather than later, Casetext would come out with a product of its own.
After all, this is the company that had already launched the powerful neural net search technology AllSearch and
Continue Reading Casetext Launches Co-Counsel, Its OpenAI-Based ‘Legal Assistant’ To Help Lawyers Search Data, Review Documents, Draft Memos, Analyze Contracts and More

“Our AI legal assistant is the first of its kind,” said Jake Heller, co-founder and CEO of Casetext. “It creates a momentous opportunity for attorneys to delegate tasks like legal research, document review, and contract analysis to an AI, freeing them to focus on the most impactful aspects of their practice.”
Continue Reading Casetext Introduces AI Legal Assistant CoCounsel, Incorporating Most Advanced Models from OpenAI