Legal tech firm turns to AI for contract review

A new tool uses artificial intelligence to read, review, and understand contracts

Legal tech firm turns to AI for contract review
Crowd & Co is now using artificial intelligence to read, review and understand contracts to automate and streamline the contract review process on its online marketplace.

The tool, which reduces repetitive administrative tasks for lawyers, was launched in partnership with LawGeex. It uses natural language processing and pre-defined criteria to automatically review and approve contracts, giving lawyers more focus on other tasks such as client strategy.

Jarred Hardman, founder and CEO of Crowd & Co, said that automated contract reviews powered by artificial intelligence enable lawyers to improve and expand their practice, as well as boost revenue and produce better results for clients, without adding staff.

The new tool features interactive contract reports that help pinpoint discrepancies, as well as a legal playbook that provides legal knowledge for reference.


Related stories:
Fear not the robot lawyer
Firm partners with mum network to break new ground

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Now is the time that in-house lawyers prove just how valuable they are

Allens works on ‘inherently complicated’ motorway refinance

$123m healthcare acquisition succeeds with help from JWS

COVID-19 pushes US BigLaw firms into significant cuts

NRF executes 'prudent measures' to face COVID-19 crisis in Australia

Pinsent Masons promotes two new Australian partners

Most Read Articles

NRF executes 'prudent measures' to face COVID-19 crisis in Australia

COVID-19 and Australian courts and legal bodies updates: 03 April

Pell to walk free as High Court overturns child sex abuse conviction

‘Rising Star’ becomes national boutique’s youngest-ever director