LawGeex Launches A.I. Contract Review for In-House Counsel
LawGeex has launched new A.I. Contract Review technology designed to help in-house counsel read, review and understand contracts.
The company says the technology features artificial intelligence that reviews contracts and highlights any issues, reviews contracts based on the user’s own legal checklist, reviews other people’s changes to standard contracts, can review any contract custom built for any industry, and automatically manages contract approvals and escalations.
The streamlined workflows between sales, operations and legal can save users 80 percent of the time and 90 percent of the costs while cutting the time to close deals by two-thirds, the company reports.
The artificial intelligence program can recognize when any clauses are rare, missing, or potentially problematic, and provide a plain English report.
- Interactive contract reports with recommended fixes
- Lightning fast turnaround – 80% time saved reviewing and approving contracts
- Legal speak translated into simple English
- Checked by real life lawyers for quality and accuracy
