CAN AI REPLACE AN ATTORNEY?
No. But AI can help attorneys or contract managers speed up their review process by taking the repetitive review tasks off their plate. And it makes complex legal language easier to understand by compiling a playbook to help guide the reviewer by using the decisions they have made in the past.
HOW DOES AI IDENTIFY LEGAL TERMS THAT ARE NEW OR UNFAVORABLE TO MY BUSINESS?
By analyzing your existing contract data, the Clearlaw platform knows every single legal clause that your business has ever agreed to, as well as the context behind that clause. Any language that you rarely agree to, or have never seen before, will be highlighted for your review. And the AI can provide suggestions to ensure your team doesn't have to re-create the wheel with every new deal.
DOESN'T MACHINE LEARNING REQUIRE MASSIVE AMOUNTS OF DATA? HOW MANY CONTRACTS DO I NEED TO HAVE IN ORDER FOR THIS TO WORK?
Yes, machine learning typically requires a lot of data to be accurate. However, Clearlaw uses a data-efficient technique that allows our software to be helpful even if you don't have a lot of executed contracts. The more contracts you have will help to establish a baseline, but you can get started with as few as ten contracts of a single type.
HOW CAN I REQUEST A DEMO?
Click on the "Request a Demo" link at the top of this page! Fill out your information and we will contact you shortly!