If you want to automate contract review drudgery, Maigon is worth considering. This AI-based tool is designed to review many types of contracts, including data processing agreements and non-disclosure agreements. It checks for compliance with laws like GDPR and industry standards, and works in more than 50 languages. With features like proprietary data collection, a built-in mechanism for handling regulatory changes, and GPT-4 support, Maigon is geared for high-volume contract review so you can focus on higher-level work.
Another strong option is CoCounsel, which automates document review, deposition preparation, contract analysis and timeline creation. Using OpenAI's GPT-4, the tool can read, comprehend and write at a postgraduate level, making it useful for transactional and litigation work. CoCounsel's features include identifying key documents, extracting relevant information and creating chronologies from case documents, which can help lawyers work more efficiently and handle more work in house.
Robin AI takes a more advanced approach to contract review, accelerating the process by up to 80%. Its tools include Robin AI Review for precise editing, Robin AI Query for finding clauses, and Robin AI Services for fast contract creation. Built into Microsoft Word, Robin AI presents an interface with suggested edits and natural language query tools, letting lawyers focus on higher-level work and improve contract management.
For a more complete solution, Lawgeex marries human expertise with AI technology for a more accurate and transparent contract analysis. It reviews and redlines contracts based on company policies, using thousands of pre-built legal concepts to understand subtleties of legal language. With strong security and data-driven insights for policy decisions, Lawgeex has shown substantial cost and time savings, making it a good option for optimizing contract management in many industries.