Enhancing AI-Powered Contract Review Through Expert Data Training

The client is a leading provider of AI-powered contract lifecycle management (CLM) solutions.

Challenge

The client faced significant challenges with their AI model’s ability to extract data from various complex data sets and contract terms within the CLM system. Their biggest problem lay in their AI’s struggle to accurately identify and extract specific language across numerous contracts. These documents included specialized documents such as shareholders’ agreements and certificates of incorporation which required meticulous and immediate quality checks, which the client’s existing processes could not handle efficiently.

Solution

LegalEase brought together a team of experienced attorneys with expertise in contract law
The LegalEase team was responsible for reviewing contract language, identifying specific terms and phrases, and highlighting the same for the Natural Language Process (NLP) model
A structured training protocol was developed to guide the LegalEase team in their review process, ensuring consistency and accuracy in the identification and highlighting of terms across various contracts
LegalEase established a robust review system to track their progress and ensure that the NLP model received the necessary input to enhance its data extraction capabilities
- This included a human-in-the-loop review process to monitor AI-input data for errors and inconsistencies
A continuous feedback loop between the attorneys and AI developers was established
- This allowed for real-time adjustments to the training process and ensured continuous improvement of the NLP model

Result

The AI model’s accuracy in extracting relevant data from contracts improved due to the detailed training provided by LegalEase

The client experienced notable efficiency gains, with the AI system now able to process and analyze contracts much faster and more accurately than before

The improved AI model enabled the client to scale their operations and handle a larger volume of contracts without compromising on quality or accuracy

The project was delivered with an accuracy rate of over 97%, leading to high client satisfaction

The client praised the professionalism and expertise of the LegalEase team and appreciated their structured approach to training the NLP model.

Conclusion

By leveraging LegalEase’s expertise and structured training protocols, the client’s AI-powered contract review capabilities were significantly enhanced. This project not only solved the immediate challenge but also positioned the client for long-term success in the competitive CLM market.