You might have heard our big news earlier this week: Onit has acquired legal AI contract review software company McCarthyFinch. Besides welcoming some of the brightest AI technologies and minds, we’ve also launched the next generation of Onit for legal operations professionals.
Onit is Artificial Intelligence
Onit is building its future on legal AI technology, with a vision to include it in our entire product portfolio.
Onit Precedent represents our first AI legal technology, an artificial intelligence platform that automates existing mundane, manual and costly legal processes and empowers continuous learning and workflow. It has a single mission: to help business professionals get more work done faster.
The first release on Onit Precedent, ReviewAI, reads, writes and reasons like a lawyer. It provides a review of any contract and automatically redlines, annotates and provides a risk rating based on your company’s playbook. Its AI learns based on user feedback and can be applied to many different use cases, including NDAs, MSAs, purchase agreements and third-party contract review.
ReviewAI delivers impressive results by:
- Improving productivity by more than 50%
- Accelerating contract approvals by 60-70%
- Reviewing and redlining a contract in less than two minutes
Learn More about Onit’s AI Contract Review
Visit here to request a demonstration of ReviewAI, including its Microsoft Word add-in, contract review summary, email and portal review, contract review templates, customizable clause library and automated alerts.