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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LawSites
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...
Bob Ambrogi
9/7/2023
Legal IT Insider
Morae Global and Henchman enter strategic partnership to provide contract drafting tech + services offering
Legal technology consultancy Morae Global has entered into a strategic partnership with Belgian-headquartered contract drafting and negotiation platform Henchman, to bring law firm and corporate clients a tech + services ... Morae Global and Henchman enter strategic partnership to provide contract drafting tech + services offering Read More » The post Morae Global and Henchman...
Caroline Hill - Editor-in-Chief
9/7/2023
Law.com's Legaltech News
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.
Law.com's Legal Tech News
9/7/2023
Legal IT Insider
Integreon enters partnership with The Contract Network on ‘one-service-one-price’ gen AI contract offering
Global outsourcer Integreon has entered into partnership with The Contract Network (TCN), which invites all parties to a transaction to collaborate on their platform using generative AI for the drafting, ... Integreon enters partnership with The Contract Network on ‘one-service-one-price’ gen AI contract offering Read More » The post Integreon enters partnership with The Contract...
Caroline Hill - Editor-in-Chief
9/6/2023
LawSites
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....
Bob Ambrogi
9/6/2023
Law.com's Legaltech News
LTN Startup Spotlight: Syntheia Founder on Gaining Traction With Customers as a Startup
Legaltech News caught up with Horace Wu, the CEO and founder of contract analytics startup Syntheia, to discuss what his startup is doing differently from the competition, and how they hope to gain law firm trust.
Law.com's Legal Tech News
8/23/2023
Law.com's Legaltech News
Spellbook Adds to Its AI Suite with Gen AI-Powered "Spellbook Reviews"
The contract analysis solution harnesses generative AI capabilities to redline and review contracts within Microsoft Word.
Law.com's Legal Tech News
8/22/2023
LawSites
The Contract Network Raises $8M To Fuel Its Mission To ‘Radically Accelerate’ Contract Negotiations
Last May, I reported here on the emergence out of its stealth development phase of The Contract Network, whose goal is to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their negotiations. Notably,...
Bob Ambrogi
8/18/2023
Legal IT Insider
The Contract Network raises $8m in seed funding from raft of high profile investors
The Contract Network, an AI-powered contract collaboration platform, announced today (17 August) that it has raised $8M in seed funding. The round was led by Tusk Venture Partners, with participation ... The Contract Network raises $8m in seed funding from raft of high profile investors Read More » The post The Contract Network raises $8m in...
Caroline Hill - Editor-in-Chief
8/17/2023
DennisKennedy.blog
Displaying and Evidencing Contract Terms in a Post-Visual Era
The Michigan State Law Review Forum has published my article titled “Displaying and Evidencing Contract Terms in a Post-Visual Era.” In this article, I explore the challenges that come with the increasing use of non-visual transactions, interfaces, and devices in today’s contracting landscape. I’ve been thinking about these issues from my days at Mastercard and...
Dennis Kennedy
8/17/2023
Law.com's Legaltech News
The Contract Network Raises $8 Million, With Help From Relativity Founder, Cooley's Investment Fund
Launched in April, and co-founded by a former DocuSign vice president, The Contract Network leverages generative AI and market data to help speed up contract negotiations.
Law.com's Legal Tech News
8/17/2023
LawSites
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...
Bob Ambrogi
8/16/2023
Law.com's Legaltech News
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.
Law.com's Legal Tech News
8/15/2023
Legal IT Insider
Agiloft launches AI Trainer to deliver “fully individualised AI contract analysis”
Legal IT Insider speaks to Agiloft’s chief product officer Andy Wishart about the new release Contract lifecycle management vendor Agiloft today (15 August) announced the release of AI Trainer, which ... Agiloft launches AI Trainer to deliver “fully individualised AI contract analysis” Read More » The post Agiloft launches AI Trainer to deliver “fully individualised...
Caroline Hill - Editor-in-Chief
8/15/2023
Legal IT Insider
LexisNexis announces updates including release of Lexis Create in the US and new plugin for Microsoft Copilot 
LexisNexis today (2 August) announced a raft of updates on its partnership with Microsoft, including the availability in the US of intelligent drafting tool Lexis Create and a new Create ... LexisNexis announces updates including release of Lexis Create in the US and new plugin for Microsoft Copilot  Read More » The post LexisNexis announces...
Caroline Hill - Editor-in-Chief
8/2/2023
LawSites
LexisNexis Lays Out More Details On Its Collaboration with Microsoft to Roll Out Generative AI Products
LexisNexis is providing new details today on its collaboration with Microsoft to offer legal professionals AI-powered products and capabilities directly within the Microsoft 365 ecosystem that is typically the center of their workflows. In a briefing yesterday, Jeff Pfeifer, chief product officer, Canada, UK and USA, at LexisNexis, revealed new information about the products being...
Bob Ambrogi
8/2/2023
Law.com's Legaltech News
LexisNexis Brings Lexis Create to U.S., Announces New Gen AI Capabilities Ahead
First launched in the United Kingdom in 2021, Lexis Create, a drafting solution built into Microsoft Word, will be available for U.S. customers in Q3 for the first time, with generative AI enhancements planned to follow shortly after.
Law.com's Legal Tech News
8/2/2023
Legal IT Insider
DraftWise raises $5m and adds Orrick to its law firm investor base 
US contract drafting startup DraftWise has raised $5M led by EarlyBird with participation from strategic investors, including global law firm Orrick Herrington & Sutcliffe.  Previous law firm investors include UK ... DraftWise raises $5m and adds Orrick to its law firm investor base  Read More » The post DraftWise raises $5m and adds Orrick to...
Caroline Hill - Editor-in-Chief
6/28/2023
Law.com's Legaltech News
AI Startup DraftWise Raises $5M, With Help From Orrick Herrington & Sutcliffe
DraftWise is the third legal tech startup that leverages generative AI to secure investment just over the past four weeks.
Law.com's Legal Tech News
6/28/2023
Above the Law Tech News
Lexis Unveils New Agreement Analysis Tool
New AI-driven tool takes aim at the most time-consuming pain point in transactional work. The post Lexis Unveils New Agreement Analysis Tool appeared first on Above the Law.
Joe Patrice
6/27/2023
Law.com's Legaltech News
Lexis+ Rolls Out 'Agreement Analysis' to Speed Up M&A Negotiations
The new Lexis+ solution seeks to go beyond simple searches for alternate clauses in merger and acquisition contracts.
Law.com's Legal Tech News
6/27/2023
LawSites
LexisNexis’s New ‘Agreement Analysis’ Uses AI To Help Transactional Lawyers Analyze And Revise Deal Clauses
When LexisNexis launched its Lexis+ premium legal research service in 2020, the service included Brief Analysis, its answer to a line of products pioneered by legal research company Casetext with its CARA brief analysis tool and followed by companies such as Thomson Reuters and Bloomberg Law. Last year, LexisNexis expanded that to add Judicial Brief...
Bob Ambrogi
6/27/2023
Law.com's Legaltech News
Henchman Launches Gen AI-Powered Contract Review and Negotiation Features, Expanding Beyond Drafting
“Henchman was always focused on the complex contract drafting end of the spectrum, [but] with the rise of all the generative AI, … there are huge opportunities to create great value, especially within the review process,” Henchman co-CEO and founder Jorn Vanysacke told Legaltech News.
Law.com's Legal Tech News
6/21/2023
Above the Law Tech News
Artificial Intelligence Already Being Used In Transactional Drafting: An Interview With The CEO Of Spellbook
Spellbook recently announced $10.9 million in new funding from several major venture capital firms. The post Artificial Intelligence Already Being Used In Transactional Drafting: An Interview With The CEO Of Spellbook appeared first on Above the Law.
Jonathan Wolf
6/14/2023
LawSites
On LawNext: Checkbox CEO Evan Wong on Why Workflow Automation Beats CLM for Many Legal Departments
One of the hottest sectors of the legal tech market these days is contract lifecycle management, or CLM. But Evan Wong believes that, for many inhouse legal teams, CLM is not necessarily the best route for them to streamline workflows. Rather, he believes workflow automation is often the better way for legal teams to transform...
Bob Ambrogi
6/13/2023
LawSites
Spellbook, An ‘AI Copilot’ for Contract Drafting in Word, Raises $10.9M from Moxxie, Thomson Reuters, Others
Spellbook, a company formerly known as Rally Legal, and whose product uses GPT-4 and other generative AI models to speed contract drafting and review directly within Microsoft Word, has raised $10.9 million to drive hiring, development and expansion. The funding was led by Moxxie Ventures, with participation from Thomson Reuters Ventures, Inovia Capital, The LegalTech Fund, Bling Capital and others....
Bob Ambrogi
5/25/2023
Law.com's Legaltech News
Legal Tech Startup Spellbook Raises $10.9 Million, With Thomson Reuters Investing
Previously called Rally Legal, Spellbook offers a generative AI-powered contract tool of the same name. As the company looks to scale, it hinted at a broader partnership with Thomson Reuters in the future.
Law.com's Legal Tech News
5/25/2023
Legal IT Insider
Agiloft appoints new chief marketing officer 
California-headquartered contract lifecycle management vendor Agiloft today (25 May) announced the appointment of Nicole Milstead as its new chief marketing officer.   Milstead was previously CMO of ERP software provider FinancialForce, ... Agiloft appoints new chief marketing officer  Read More » The post Agiloft appoints new chief marketing officer  appeared first on Legal IT Insider.
Caroline Hill - Editor-in-Chief
5/25/2023
Legal IT Insider
Legal IT Latest: ‘AI copilot’ Spellbook raises $10.9m, Travers launches open source ChatGPT alternative, plus all the latest gen AI announcements 
North American ‘AI copilot for lawyers’ Spellbook (formerly Rally) yesterday (25 May) announced $10.9M in funding led by Moxxie Ventures, as well as a formal rebrand from Rally to Spellbook. ... Legal IT Latest: ‘AI copilot’ Spellbook raises $10.9m, Travers launches open source ChatGPT alternative, plus all the latest gen AI announcements  Read More »...
Caroline Hill - Editor-in-Chief
5/25/2023
LawSites
Roundup Of Legal Tech News from CLOC Institute: with News From Agiloft, Casepoint, ContractPodAI, Evisort, LinkSquares, LiquidText, Ontra, PERSUIT
The CLOC Global Institute, the conference of legal operations professionals now underway now in Las Vegas, has become a leading venue for legal technology companies to announce product news — particularly when that news relates to products that serve corporate legal departments and legal ops. This year has brought a slew of announcements of new...
Bob Ambrogi
5/17/2023
LawSites
Aiming to ‘Radically Accelerate’ Contract Negotiations, ‘The Contract Network’ Comes Out Of Stealth Today, Led By Legal Tech Veteran
A new company coming out of stealth today, The Contract Network, aims to “radically accelerate the time for contract negotiations” by providing an AI-powered collaboration platform that can be used by all parties to a transaction to more quickly “get to the point” in their negotiations. It is led by CEO Jim Wagner, who has...
Bob Ambrogi
5/15/2023
LawSites
Aiming to Simplify Contract Drafting, SpotDraft Partners with Microsoft to Integrate Word within its CLM Platform
Two months after raising $26 million in Series A funding, SpotDraft, a cloud-based contract lifecycle management platform for in-house legal teams, is today launching a deep integration with Microsoft Word that it says will simplify the contract drafting and review process for businesses of all sizes. Developed in partnership with Microsoft, the integration makes Microsoft...
Bob Ambrogi
5/10/2023
Dewey B Strategic
Bloomberg Law Contract Solutions Offers AI Enabled Drafting for In House Counsel -Launch Even May 11th
Bloomberg Law has announced the launch of Bloomberg Law Contract Solutions,  a new AI enabled contract workflow for In-House Counsel. The product is designed to help lawyers streamline drafting and negotiation with tools for profiling, searching and extracting clauses.  The product was designed in consultation with corporate legal teams.  Live Virtual Event Bloomberg Law Contract...
Jean O'Grady
5/9/2023
LawSites
As It Opens Commercial Availability in the U.S., LegalOn Releases GPT-Powered Contract-Editing Tool ‘AI Revise’
Last December, LegalOn, one of Japan’s largest providers of AI contract review technology to corporations and law firms, announced its expansion into the U.S. market, offering limited early access to its product to select users and organizations.  Today, LegalOn is making its platform commercially available to all customers in the U.S., and as it does,...
Bob Ambrogi
4/24/2023
Law.com's Legaltech News
Tokyo-Based Contract Review Startup Launches in US, Unveils GPT-4 Powered Contract Editing Tool
LegalOn Technologies took advantage of its U.S. release to announce new capabilities around its collaboration, search and editing features.
Law.com's Legal Tech News
4/24/2023
Law.com's Legaltech News
Luminance’s CEO on the Future of Lawyers and Why ChatGPT Is Only ‘Dinner Party’ Smart
The use of AI is becoming essential, but humans will always be necessary in the business of law, says the head of one of the legal sector’s fastest growing tech firms.
Law.com's Legal Tech News
4/21/2023
Legal IT Insider
Contract management: Lexion raises $20m Series B
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, ... Contract management: Lexion raises $20m Series B Read More » The post Contract management: Lexion raises $20m Series B appeared first on Legal IT...
Caroline Hill - Editor-in-Chief
4/19/2023
LawSites
AI Contract Management Platform Lexion Raises $20M Series B to Further Develop Its Technology
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...
Bob Ambrogi
4/19/2023
Law.com's Legaltech News
Lexion Raises $20 Million in Series B Round, Bringing in New Venture Capital Investors
The Wilson Sonsini-backed CLM provider noted it will leverage its newest investment to further enhance its product and AI capabilities.
Law.com's Legal Tech News
4/19/2023
Law.com's Legaltech News
Ironclad Publicly Launches AI Assist, Now Powered by GPT-4
The public launch of AI Assist, which now leverages OpenAI’s newest large language model GPT-4, also comes with the release of new offerings within Ironclad AI more broadly.
Law.com's Legal Tech News
4/11/2023
LawSites
Ironclad’s AI Contract Redlining Tool ‘AI Assist’ Comes Out Of Beta, New Using GPT-4
As the contract lifecycle management company Ironclad is today releasing its AI redlining tool AI Assist out of beta, is has revealed that the tool is powered by OpenAI’s GPT-4, making it what Ironclad says is the first contract redlining application powered by the latest version of Open AI’s generative AI.  “The results with AI Assist...
Bob Ambrogi
4/11/2023
Law.com's Legaltech News
BlackBoiler Releases Context AI, Aiming to Eliminate 'Black Box' of AI Contract Review
As more legal tech providers are integrating artificial intelligence to power their solutions, CLM company BlackBoiler is seeking to provide insight into why its AI makes the decisions it makes.
Law.com's Legal Tech News
3/30/2023
LawSites
BlackBoiler Enhances Its Contract Redlining with ‘ContextAI,’ Which Gives the Reason for Every Redline
BlackBoiler, a company whose AI-driven contract review software automatically reviews and redlines contract drafts using Microsoft Word’s Track Changes, is today releasing a new feature, ContextAI, that enhances the markup by showing the user the reason for every redline. Last year, I reported on BlackBoiler’s launch of Playbook Builder, a feature that helps companies automate...
Bob Ambrogi
3/30/2023
LawSites
Building On Its Acquisition of Parley Pro, LexisNexis Adds Contract Lifecycle Management to CounselLink
Building on its acquisition last year of the contract lifecycle management (CLM) platform Parley Pro, LexisNexis is today announcing the integration of Parley Pro’s CLM capabilities to its cloud-based CounselLink enterprise legal management solution for corporate legal departments. CounselLink is also today introducing work intake features designed to facilitate the submission and management of legal...
Bob Ambrogi
3/1/2023
Law.com's Legaltech News
LexisNexis Expands ELM Solution CounselLink with New Work Intake, CLM Capabilities
LexisNexis’ expansion of its ELM solution offerings fits into its long-term strategy for CounselLink to be a “one-stop shop for legal operations,” Aaron Pierce, vice president of Product Management at CounselLink told Legaltech News.
Law.com's Legal Tech News
3/1/2023
Law.com's Legaltech News
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.
Law.com's Legal Tech News
9/21/2023
LawSites
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...
Bob Ambrogi
9/21/2023
Dewey B Strategic
LexisNexis Adds Extractive AI Deal Analysis Tool to Lexis+
LexisNexis® Legal & Professional is  announcing new document analysis tools  for transactional lawyers. space. The feature which is called “Agreement Analysis,” will streamline the manual tasks that accompany researching, negotiating, and finalizing transactional agreements.  The product currently supports M&A transactions, including merger, stock purchase and asset purchase agreements, with more transactions coming in future releases....
Jean O'Grady
6/27/2023
Dewey B Strategic
LexisNexis Announces Integration with Microsoft 365 Copilot/Generative AI Solutions
Today LexisNexis is announcing that their soon to be launched AI powered solutions will be integrated into Microsoft 365. The product integrations include– Lexis+®, Lexis ® Connect, Lexis ® Create, and Lexis ® Create Plugin with Microsoft 365 Copilot. Both companies are committed to providing legal professionals with “intelligent, AI-powered tools, enhanced capabilities, and more...
Jean O'Grady
8/2/2023