 | Manually reviewing every page of a contract is a slow and error-prone process; thus, making it difficult to generate genuinely useful results. With the average company experiencing an increase of 20% in the number of contracts needing to be reviewed in the last five years, something has to give. The power of machine learning and AI allows firms and organizations to analyze predetermined rules to analyze millions of provisions, clauses and other line items in unstructured data. Correlations can be mapped for thousands of factors with AI, going beyond less sophisticated solutions that rely on keywords to properly classify and extract data. The bottom line is, automated review can handle far more than humans can. Expectations are heightening in how efficient and agile firms and corporate legal departments can be. The future is now and demand is high for AI software to process routine transactions and handle large volumes of contracts and complex review. Download this white paper and discover how improved productivity and an enhanced client experience is positioning law firms and legal departments for the future. Plus you’ll learn how AI applies to:
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