Future Trends in Legal Tech
Exploring emerging technologies and trends that are shaping the future of the legal industry, including the role of AI and ChatGPT.
Data Privacy and Security in AI-Powered Legal Tech
Discussing the privacy concerns and security measures associated with using AI technologies like ChatGPT to handle sensitive legal information.
Meet our Panelists
Contract Review Firm Realigns Business Goals By Using AI for High-volume Contracts
The Client is an AI-powered contract analytics service provider. They required legal AI training, as well as AI validation for their contract analytics.
The client did not have the capacity and capability to train their AI system to review data. They reached out to LegalEase to train their contract review AI to identify 74 fields in these documents, including.
- share capital
- share certificates
- conversions rights
- exercise options
- founder shares
- minority rights
- dissolution of corporations
In addition, they requested a thorough reading and review of the documents, and needed experts who understood corporate laws, regulations, and financial structure
The Client’s entire contract lifecycle was completely manual, without a central place to store and find contracts. The client struggled with complex and difficult review and approval processes. No analytics or reporting were available, and there was no collaboration information with the financial/supply chain system. Client had no e-signature in place either.
The instances outside the guidelines were brought to the Client's notice immediately The Client can now identify new fields to be added to future legal AI training
- LegalEase Solutions processed and reviewed over 1,300 documents
- The Client's data science team can now train the contract review AI to process corporate document reviews based on reviews and validations by LegalEase Solutions
- LegalEase Solutions completed the project for the Client in under 90 days
I ran them and everything looks great! The last remediation piece helped immensely. This was a very successful project - thanks to the LegalEase Solutions team and their hard work.-Contract Review Service Provider
About LegalEase Solutions
LegalEase Solutions has over 17 years of experience delivering legal solutions to corporations, legal departments, and law firms across the United States. We help modernize and streamline the legal function in organizations around the world.
clients are publicly listed companies
of projects exceeded client expectations
client retention rate
years of attorney experience in total
years of combined CLM implementation expertise
legal tech company partnerships forged
years of delivering successful legal solutions
Honigman is a business law firm that operates with an eye towards responsiveness and innovation in all that they do. Founded in Detroit in 1948, they've expanded to include offices across Michigan, to Chicago and Washington, D.C. Honigman's sophisticated attorneys counsel clients on complex issues in more than 60 legal practice areas.