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

Recent articles & video

W+K adopts gen-AI tool designed for Australian legal market

HSF, Maddocks confirm roles in $2.3bn PSC Insurance acquisition

Hunt & Hunt announces support for St Kilda Film Festival

G+T helps banks secure ACCC authorisation for mortgage aggregator assurance program

Data Zoo taps KWM for support on Ellerston Capital investment

Allens assists QIC on minerals fund's initial investments

Most Read Articles

High Court affirms right to reliance damages in landmark breach of contract case

KKR snaps up Perpetual businesses in $2bn deal with G+T's help

Clifford Chance recruits partners from Shearman & Sterling, White & Case as it expands US presence

ASX lister raises $121m with Lander & Rogers' help