Clearlaw, an emerging LegalTech company specializing in contract-focused Natural Language Processing (NLP) and Contract Data Extraction, announced another upgrade of its product by adding 90 additional data categories that the Clearlaw Platform identifies and extracts from legal contracts and documents. This comes on the heels of several major announcements by Clearlaw over the last few months, including its integration with multiple Large Language Model (LLM) platforms, and technical improvements of its core IP that improve accuracy and recall.
“Our goal has been to develop tools that accurately tell corporate legal teams what is and is not in their contracts quickly, accelerating their ability to review contracts and democratize contractual data for the enterprise,” said Clearlaw CEO Jordan Ritenour. “The quick feature development we have made since the beginning of 2023 is a major testament to the strength of our underlying technology and our product team.”
This release includes additional clauses and sub-clauses extractions, as well as the continued expansion of Clearlaw's industry-leading legal obligation/metadata extraction. This deeper level of data identification helps legal teams, and their business partners automate contractual reviews and improve contractual data by providing organizations with an understanding of their true legal obligations, regardless of contract format or structure.
At the time of this release, the Clearlaw platform accurately extracts over 450 categories of data from legal documents, with a robust pipeline of additional data points coming from new and existing clients.