Founded by Vasilis Tsolis, UK based legal technology company Cognitiv+ fast tracks the document review and extraction process, accelerating the time lawyers and companies need to manually review contracts, and enabling data to be turned into actionable information and valuable knowledge. Using AI, Cognitiv+ automatically reviews policies, agreements and regulations, extracting insights and provisions, and helping law firms and companies navigate the complexity of the contract review process. Offering solutions in the real estate, financial services, procurement legal, insurance and construction industries, the process works in 3 easy steps and you can learn more about it here - https://cognitivplus.com
Top 50 UK law firm Addleshaw Goddard has formed a Generative AI Decision Group to investigate opportunities associated with Generative AI use. Formed in January, the group began researching 40 platforms, and is now focused on taking 5 generative AI vendors forward in the space of contract drafting, legal review and productivity. Engaging over 140 people to test and engage with the platforms across the firm, the formation of this Group is in contrast to the Firm’s previous innovation strategy which was seeking out third party solutions to fill gaps in their technology capability. Learn more here - https://legaltechnology.com/2023/06/15/exclusive-addleshaw-goddard-undertake
A tool released by Rally, Spellbook is a new legaltech platform that harnesses the power of Open AI’s GPT-4 to review and draft contracts created in Microsoft Word. As the only GPT-4 powered tool that has been trained for drafting contracts on MS Word, Spellbook works by suggesting language pulled from the ‘real world’ and combines it with the billions of lines of legal text that was used to train the platform to create client-friendly, easy to understand legal contracts 10x faster than any traditional drafting contract platform. Head here to get early adopter access and rates - https://www.spellbook.legal/
Founded in the Silicon Valley, Oddr is an industry first platform that simplifies and streamlines the legal billing lifecycle for law firms. Purpose-built for the legal industry, Oddr uses advanced AI and automation to provide a single glass pane view for the entire invoice lifecycle, allowing firms to reduce day sales outstanding (DSO) and write-offs by re-invented billing, smart collections and integrated payments. Oddr is part of Lander and Rogers 2023 Law Tech Hub cohort and you can learn more about them here https://oddr.com
Disclosure Ready is an Aussie Legal Tech company that empowers lawyers with innovative tools and resources to streamline and optimise document management processes, enabling lawyers to focus on core responsibilities such as delivering high-quality legal services, which in turn helps them to deliver better outcomes for clients. This includes simplifying the process of collaborating on documents, organising matters, document automation and implementing secure storage and retrieval systems. Disclosure Ready is part of Lander and Rogers 2023 Law Tech Hub cohort and you can register your interest to learn more about this next generation of disclosure management here https://www.disclosureready.com.au/
Created by Co-Founders Arun Shanmuganathan, Sean West and Steve Heitkamp, legal technology company Hence.ai was recently announced winner of Zurich’s Global Innovation Championship Award for creating an automatic lawyer assignment solution for Zurich claims that require legal assistance. With a team based in both UK and Rwanda, Hence.ai is on a mission to transform the way businesses engage with their legal teams by harnessing the power of data and AI to make General Counsels and in-house legal teams more efficient, collaborative and smarter in their decision-making processes. To learn more about Hence.ai and their award-winning solution, head to https://hence.ai/
