Introducing Catalyst for Contracts
Introducing Catalyst for Contracts — offering the convenience of contract chat with a virtual assistant. Learn more in this introductory…
Legal contract review and drafting can take up to 70% of an in-house legal department’s time. The process is often painfully tedious and repetitive – especially if it is paper-based or spread across multiple systems like emails and private drives. Without a more effective digital enablement, the process to review and draft legal contracts is slow and inconsistent, requires enormous attention to detail and continues to be prone to costly errors. These challenges directly impact a company’s ability to reach favorable contract outcomes and achieve business objectives.
With ever-increasing pressure on legal teams to do more with less, enhancing contract efficiency through automation and the latest technologies represent a significant opportunity to improve business performance.
Artificial intelligence, specifically legal contract AI, has the power to deliver significant productivity gains and allow lawyers to utilize their skills, experience and talent on higher-value business objectives. Onit undertook a study of its AI for the pre-signature contract phase, ReviewAI, to determine just how much it can help and found commendable results (you can read more about them here.)
Key takeaways from the contract AI study include:
To learn more about legal contract AI software, contract review and drafting, read about the study’s results.
Introducing Catalyst for Contracts — offering the convenience of contract chat with a virtual assistant. Learn more in this introductory…
Streamline collaboration across departments with Onit’s groundbreaking new AI-powered Catalyst Virtual Assistants for Legal Operations and Contract Management. Step into…
Discover the capabilities of Catalyst Virtual Assistant for Contracts — a smart virtual assistant that understands legal language and the…