One of the top tools is Spellbook, an AI contract drafting and review tool that plugs into Microsoft Word to let lawyers review contracts more quickly. It can suggest language, flag aggressive terms, warn of missing clauses and offer advice on negotiations. Spellbook has been trained on a broad swath of sources, and its suggestions are well-informed and accurate, making it a good fit for transactional lawyers trying to free themselves from drudgery and focus on the high-level work.
Another top pick is LinkSquares, a contract lifecycle management tool for in-house legal teams. It uses AI to handle the full contract lifecycle, from creation to analysis. LinkSquares includes an AI-powered contract repository, negotiation tool, reporting tool and project management tool. It integrates with Word and Salesforce and has an easy-to-use interface and dedicated support team, making it a good choice for modernizing contract management.
If you need a tool for contract review at high volume, Maigon is a powerful AI contract review tool. It's designed to check for regulatory compliance, including GDPR, and handles more than 50 languages. Among its features are a quick start that doesn't require pretraining, proprietary data collection and on-premise deployment. Maigon just added OpenAI's GPT-4 to its compliance review technology, making it a strong option for legal departments and law firms that have a lot of contracts to review.