Contract Automation and Drafting (Through Signature)

What is Contract Automation and Drafting (Through Signature)?

Contract drafting and workflow applications facilitate all or some of the steps in the contract formation process from document generation, review, redlining and approvals through signature, and may include clause management, document assembly, routing for approvals, counter-party collaboration portals, and e-signatures.
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Henchman
3 Geeks and A Law Blog
What. Just. Happened? (Pre-Three-Day Weekend Edition. Week of 08-26-2024)
Many of us in the United States are hitting the road/airport this weekend to get in the last bit of Summer. For Texans like me, we’ll still have some hot weather for the next few weeks, but eventually it will cool down and remind us that Mid-September through Mid-May is really why we put up...
Greg Lambert
8/30/2024
Legal IT Insider
Morae partners with ContractPodAi for Gen AI contract drafting
Morae Global Corporation today (29 August) announced that it has further extended its partnership network, with CLM vendor ContractPodAi to provide Gen AI contract drafting capability to Morae’s customers. ContractPodAi [...] The post Morae partners with ContractPodAi for Gen AI contract drafting appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
8/29/2024
LawSites
On LawNext: All About Spellbook’s New AI Agent, Capable of Performing Complex Legal Tasks, with CEO Scott Stevenson
In what it says is the first AI agent for law, the legal technology company Spellbook just released Spellbook Associate, an application that can plan and execute complex, multi-step workflows in transactional matters, much as an associate would. This is the same company that introduced the first generative AI copilot for contract drafting and review...
Bob Ambrogi
8/27/2024
Law.com's Legaltech News
Spellbook Launches 'Spellbook Associate,' a Legal AI Agent for Transactions
The generative AI-powered agent is geared toward transactional work, and is offered free of cost to existing Spellbook users, as of now.
Law.com's Legal Tech News
8/22/2024
Legal IT Insider
Spellbook launches Gen AI agent Associate for legal projects
Canadian-founded Gen AI contract review and drafting startup Spellbook has significantly expanded the capabilities of its product with the release today (22 August) of Spellbook Associate, which uses agent technology [...] The post Spellbook launches Gen AI agent Associate for legal projects appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
8/22/2024
LawSites
Spellbook Launches Gen AI Agent that Can Plan and Execute Complex Transactional Workflows
Spellbook, the company that introduced the first generative AI copilot for contract drafting and review in 2022, today launched what it says is the first AI agent for law, capable of planning and executing complex, multi-step workflows. Called Spellbook Associate, the agent can plan, execute and check its work, and adapt to accomplish larger scope...
Bob Ambrogi
8/22/2024
LawSites
At ILTACON Next Week, Portugal-Based Legau Marks the U.S. Launch of its Comprehensive Legal Drafting Product for Word and Outlook
Legau, a comprehensive legal document drafting platform launched in Portugal in 2021, will make its formal launch in the U.S. market at ILTACON this week, where it has been selected as one of 26 companies to participate in the conference’s Startup Hub. Designed to streamline the legal drafting process for attorneys, Legau hopes to stand...
Bob Ambrogi
8/6/2024
Above the Law Tech News
LexisNexis Purchases Contract Drafting Tool, Brazilian Butt Lift
LexisNexis bought Henchman for the technology… the sense of humor came free. The post LexisNexis Purchases Contract Drafting Tool, Brazilian Butt Lift appeared first on Above the Law.
Joe Patrice
6/4/2024
Law.com's Legaltech News
LexisNexis Announces Agreement to Acquire Contract Drafting Startup Henchman
On completion of the acquisition, LexisNexis plans to immediately incorporate Henchman’s document enrichment capabilities into products such as Lexis+ AI and Lexis Create.
Law.com's Legal Tech News
6/3/2024
LawSites
Breaking News: LexisNexis To Acquire Contract Drafting Company Henchman
LexisNexis Legal & Professional said today that it has entered into an agreement to acquire Henchman, a Belgium-based contract drafting legal technology company. LexisNexis said it is acquiring the company for its document management system that enable faster document drafting. It say its technology enriches a law firm’s internal work product, creating a layer of intelligence on...
Bob Ambrogi
6/3/2024
Dewey B Strategic
Breaking News: Press Release – LexisNexis to Acquire Document Drafting Tech Provider Henchman
Acquisition will combine Henchman’s Document Management System data enrichment with trusted LexisNexis drafting guidance content to deliver personalized generative AI experience NEW YORK, June 3, 2024 – LexisNexis Legal & Professional®, a leading global provider of information and analytics, today announced it has agreed to acquire Henchman, a legal tech company that enriches data from Document Management Systems (DMS)...
Jean O'Grady
6/3/2024
Legal IT Insider
Breaking news: Lexis acquires Henchman to meet “one of customers’ top requests” – searchable internal data
LexisNexis Legal & Professional today announced it has agreed to acquire Belgian-founded contract drafting startup Henchman. Henchman, which was founded in 2020 by Jorn Vanysacker, Gilles Mattelin and Wouter Van [...] The post Breaking news: Lexis acquires Henchman to meet “one of customers’ top requests” – searchable internal data appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
6/3/2024
Law.com's Legaltech News
CLM Provider Ironclad Enters E-Signature Market With Contextual Signature Solution
Jason Boehmig, CEO and co-founder of Ironclad, told Legaltech News that he sought to take a new approach to a decade-old offering that has barely evolved over the years—including with its design and pricing structure.
Law.com's Legal Tech News
5/14/2024
Law.com's Legaltech News
CLOC Legal Tech Rundown: Ironclad Custom AI, New Lexis Tool and More
An update on product launches and new partnerships that came out of the CLOC Global Institute 2024 conference in Las Vegas, including ContractPodAi, Evisort, Icertis, Ironclad and LexisNexis.
Law.com's Legal Tech News
5/10/2024
Law.com's Legaltech News
Contract Startup Definely Secures $7 Million Series A Funding
Definely, which launched with the backing of Google and Microsoft, now hopes to expand hiring and its global client base.
Law.com's Legal Tech News
5/9/2024
Legal IT Insider
Definely raises $7m Series A as founders share their inspiring success story
Legal tech document drafting startup Definely has raised $7m Series A led by Octopus Ventures, in a major milestone for a company whose co-founders have both overcome personal challenges that [...] The post Definely raises $7m Series A as founders share their inspiring success story appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
5/8/2024
Legal IT Insider
DocuSign to acquire contract management vendor Lexion for $165m
DocuSign today (6 May) announced that it has agreed to acquire AI-powered contract management software provider Lexion for $165m in cash, as DocuSign continues to strengthen its offerings in the [...] The post DocuSign to acquire contract management vendor Lexion for $165m appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
5/6/2024
Law.com's Legaltech News
Docusign to Acquire CLM Provider Lexion for $165M in Cash
Docusign looks to strengthen its position in Intelligent Agreement Management by adding Lexion’s generative AI capabilities to the Docusign IAM platform, in the process expanding its ability to serve the legal market.
Law.com's Legal Tech News
5/6/2024
LawSites
LawNext Podcast: How The Contract Network Is ‘Changing Contracts for Good,’ with Founder and CEO Jim Wagner
Almost exactly one year ago, a new legal tech startup, The Contract Network, came out of stealth, with a mission to “radically accelerate the time for contract negotiations” through an AI-powered contract collaboration platform where all parties to a deal engage in a secure and neutral environment. The company’s cofounder and CEO, Jim Wagner, is a legal...
Bob Ambrogi
4/22/2024
LawSites
Legal Tech Investment News this Week: Luminance for Contracts, Scrut for GRC, TRĒ for CRM, VXT for VoIP
It is only Wednesday, but already this week has brought news of four notable investment deals in legal tech. Luminance Luminance, a UK-based company that uses artificial intelligence to automate the generation, negotiation and analysis of contracts, and whose product is also used for e-discovery, has raised $40 million in a Series B funding round....
Bob Ambrogi
4/3/2024
Law.com's Legaltech News
Luminance Raises $40 Million in Series B Funding, Plans U.S. Expansion
Law firm Slaughter and May, a longtime Luminance investor, also participated in the round.
Law.com's Legal Tech News
4/2/2024
Legal IT Insider
Breaking news: Luminance raises $40m Series B
Luminance has raised $40m Series B funding led by Santa Monica-based growth-stage venture firm, March Capital, with participation from National Grid Partners and other existing investors, including magic circle law [...] The post Breaking news: Luminance raises $40m Series B appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
4/2/2024
LawSites
This New Catalog for Corporate Legal Teams (Or Any Legal Professional) Brings the Comical to Contracts
A remote-controlled race car that redlines documents? A slingshot for launching litigation? A “Yes, But ...” button for testing out your legal theories? These are just some of the products available through the new online store LawLawLand, launched by the contract management company SpotDraft. While oriented towards inhouse legal teams, the products could be the...
Bob Ambrogi
4/1/2024
ILTA Blog
Legal Software is 2023 Growth Leader – Okta Businesses at Work Report
From : Blog Entry >> Maureen’s Blog EntryHi ILTAns! This post has new data about legal applications and enterprise software used in #legaltech, including 1Password, KnowBe4, Ironclad, Vanta, Drata, and Microsoft. There is nothing commercial in this content. Pure data and #dataviz . Enjoy! Okta has application usage data which you simply will not find...
Maureen Blando
3/18/2024
Legal IT Insider
Draftwise raises $20m Series A
US contract drafting startup DraftWise has raised a $20 million Series A round led by venture capital firm Index Ventures. Existing backers Y Combinator and Earlybird Digital East Ventures also participated [...] The post Draftwise raises $20m Series A appeared first on Legal IT Insider.
Emma Griffiths
3/15/2024
Law.com's Legaltech News
DraftWise Announces $20 Million Investment, Plans to Expand Its Gen AI Contract Platform
The new investment comes less than a year after DraftWise, which offers a generative AI-powered contract drafting, knowledge and collaboration platform, announced $5 million in seed funding.
Law.com's Legal Tech News
3/14/2024
Legal IT Insider
Legaltech Career Insights: Jack Wicks, senior product manager for Agiloft’s AI innovation team
Jack Wicks is senior product manager at Agiloft with a maths degree from the University of Warwick. As part of Legal IT Insider’s Career Insights series, which features the most [...] The post Legaltech Career Insights: Jack Wicks, senior product manager for Agiloft’s AI innovation team appeared first on Legal IT Insider.
Emma Griffiths
3/11/2024
LawSites
AI Contract Drafting Startup Henchman Unveils Microsoft Copilot Integration, Calling It First of Its Kind
Henchman, a legal tech startup that provides legal teams with quick access to their previously written contract clauses and definitions directly within Microsoft Word, today released what it says is a first-of-its-kind integration with Microsoft Copilot through which Copilot users will be able to surface clauses and precedents from their document management systems that had...
Bob Ambrogi
3/6/2024
Law.com's Legaltech News
Contract Drafting Provider Henchman Announces Integration with Microsoft Copilot
Henchman is one of the few legal technology providers to announce an integration with Microsoft’s generative AI chatbot assistant, following similar partnerships by LawToolBox and Intapp.
Law.com's Legal Tech News
3/6/2024
LawSites
Contract Review Company LegalOn Releases Generative AI Assistant to Shortcut Key Tasks
The contract review company LegalOn Technologies today released LegalOn Assistant, a generative AI chat interface that can answer questions about your contracts, draft clauses, summarize contract terms, and more. The assistant is available directly within LegalOn’s in-browser contract editing interface and it is available immediately to all customers at no extra cost. The company says...
Bob Ambrogi
2/28/2024
Law.com's Legaltech News
Contract Technology Provider LegalOn Launches GPT-4-Powered Legal Assistant
LegalOn Assistant leverages an OpenAI-powered generative AI model to answer questions about documents, draft new clauses and revisions, and summarize parts of, or changes to, a contract.
Law.com's Legal Tech News
2/28/2024
Dewey B Strategic
LegalOn Launches Gen AI Assistant for Contract Questions, Summarization, and Drafting
LegalOn Technologies, has launched LegalOn Assistant, which can answer contract questions, draft clauses, summarize contract terms, and more. According to US CEO Daniel Lewis,  “LegalOn Assistant is an extension of your legal team. It saves you time, handles mundane tasks, and is easy to use in day-to-day work.” LegalOn includes a suite  tools for streamlining...
Jean O'Grady
2/28/2024
Law.com's Legaltech News
Tokyo-Based Contract Provider LegalOn Launches GPT-4-Powered Legal Assistant
LegalOn Assistant leverages an OpenAI-powered generative AI model to answer questions about documents, draft new clauses and revisions, and summarize parts of, or changes to, a contract.
Law.com's Legal Tech News
2/28/2024
Law.com's Legaltech News
Innovations in Contract Technology Winner, Provider: Luminance
“Now more than ever, incoming generations of workers will expect technology to already be integrated in their workplace, so we must ensure the entire industry is on the front foot,” said Eleanor Lightbody, CEO of Luminance.
Law.com's Legal Tech News
2/23/2024
LawSites
ClauseBase Expands to Provide All-in-One Legal Drafting and Reviewing Within Word
The Belgium document automation company ClauseBase has launched a major expansion of its product to add new capabilities for clause extraction, AI-powered document review, and automated proofreading, all with the goal of providing an all-in-one platform, within Microsoft Word, for contract drafting, reviewing and negotiating. ClauseBase launched in 2018 as a contract drafting platform that...
Bob Ambrogi
2/20/2024
Legal IT Insider
LG Chem becomes first Korean company to adopt Luminance Corporate
Luminance announced today (20 February) that LG Chem has become the first Korean company to adopt its contract negotiation and management product, Luminance Corporate. LG Chem is one of the [...] The post LG Chem becomes first Korean company to adopt Luminance Corporate appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
2/20/2024
LawSites
TermScout Launches Screens, First-of-its-Kind Marketplace for Lawyers to Build and Sell Contract Review AIs
TermScout, an AI contract review company, has launched a first-of-its-kind AI marketplace where lawyers and other contracting experts can build and sell their own contract review AIs, developed based on their unique expertise. The marketplace, called Screens, provides lawyers with an opportunity turn their expertise from a service into a product, while at the same...
Bob Ambrogi
1/31/2024
LawSites
Money for Legal Tech: Two Big Financings this Week (and One Little One)
This week brought notable funding rounds for two legal technology companies, Proof and Spellbook, and a much-smaller seed round for a newer legal tech startup. Proof Raises $30M Series B Proof Technology, whose platform facilitates on-demand service of process and electronic filing, has closed a $30.4 million Series B funding round. The round was led by...
Bob Ambrogi
1/26/2024
Legal IT Insider
Thomson Reuters CoCounsel expands out of US as it also launches new Practical Law AI tools 
Thomson Reuters has begun the international expansion of its generative AI assistant CoCounsel Core, beginning with Canada and Australia, as it focuses on expanding CoCounsel’s availability in English-speaking countries.   TR [...] The post Thomson Reuters CoCounsel expands out of US as it also launches new Practical Law AI tools  appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
1/25/2024
Legal IT Insider
Gen AI contract drafting and review assistant Spellbook raises $20m Series A Funding
Spellbook, the legal contract drafting and review tool powered by both OpenAI and Anthropic large language models, has raised a $20M Series A funding round led by Montreal-based venture capital firm [...] The post Gen AI contract drafting and review assistant Spellbook raises $20m Series A Funding appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
1/24/2024
Law.com's Legaltech News
Spellbook Raises $20 Million in Series A Funding, Plans New AI Capabilities, Platform Expansion
Spellbook, which offers a generative AI-powered contract drafting and negotiation platform, is planning new developments focused on personalization, end-to-end workflows, accuracy and speed.
Law.com's Legal Tech News
1/24/2024
Law.com's Legaltech News
Thomson Reuters Announces New Gen AI Features Within Practical Law, CoCounsel Core Expansion
With two new generative AI-powered features in Practical Law called Ask Practical Law AI and Practical Law Clause Finder, along with the expansion of CoCounsel Core internationally, Thomson Reuters is moving forward with its generative AI plans.
Law.com's Legal Tech News
1/24/2024
LawSites
New AI Features In Practical Law Enable Users To Ask Legal Questions And Find Relevant Contract Clauses
In November, when Thomson Reuters announced the integration of generative AI within its flagship legal research platform Westlaw Precision, it also announced the beta version of a generative AI integration within Practical Law. Today, Thomson Reuters is formally releasing that generative AI feature in Practical Law, called Ask Practical Law AI, and also releasing a...
Bob Ambrogi
1/24/2024
Law.com's Legaltech News
Gen AI Legal Startup CallidusAI Raises Investment Led by Andrew Ng's AI Fund
CallidusAI offers a generative AI-powered legal research platform with automated document summary, drafting and redlining capabilities.
Law.com's Legal Tech News
1/23/2024
Law.com's Legaltech News
LinkSquares Announces First Gen AI Capabilities for Redlining, Project Management
The two new capabilities, AI-Assisted Redlining and AI-Suggested Subtasks, will be available in Q1, with “many” other generative AI-powered features slated to come out throughout the year.
Law.com's Legal Tech News
1/16/2024
Legal IT Insider
Agiloft launches gen AI redline capability to speed up contract negotiation
Contract lifecycle management vendor Agiloft today (9 January) announced new generative AI functionality that suggests redline alterations to contract clauses to speed up the negotiation process. Third party clauses that ... Agiloft launches gen AI redline capability to speed up contract negotiation Read More » The post Agiloft launches gen AI redline capability to speed...
Caroline Hill - Editor-in-Chief
1/9/2024
Law.com's Legaltech News
Agiloft Releases New Generative AI-Powered Redlining Capability as Part of Broader 2024 Road Mmap
Though this isn’t the first generative AI-powered redlining capability on the market, Andy Wishart, Agiloft’s chief product officer, told Legaltech News that the provider hopes to stand out from the competition thanks to its work around fine-tuning generative AI models.
Law.com's Legal Tech News
1/9/2024
LawSites
Agiloft Releases Generative AI Feature To Shortcut Contract Negotiations and Better Align Redlines
Redlining is the bane of contract negotiations. The back-and-forth between the parties can drag on and on as they seek to arrive at language on which they both can agree. Even before the advent of generative AI, several contracts technology products sought to streamline this process — most typically by comparing a draft received from...
Bob Ambrogi
1/9/2024
LawSites
SpotDraft’s Gen AI Contract Review Product, VerifAI, Released for General Availability, with Free Trial
In October, the contract lifecycle management company SpotDraft announced an early-access release of its new generative AI add-in for Microsoft Word, called VerifAI, designed to help lawyers streamline the process of reviewing contracts. Now, SpotDraft is releasing the product for general availability, with the option for anyone to try it free for two weeks. As I...
Bob Ambrogi
1/4/2024
Law.com's Legaltech News
Dentons Rolls Out AI Contract Automation Pilot Program
The bot is currently only for use by Dentons attorneys in the central European market—around 40 are currently using the platform—but an eventual goal is to make it available for a wider geographic audience.
Law.com's Legal Tech News
9/24/2024