scaleup AI
Dec 27, 2024
AI-Powered Contract Intelligence for Legal Tech
Client Overview
A fast-growing legal tech startup sought to automate contract retrieval and analysis for a database of over 4,000 legal agreements. Their manual review process was time-consuming, error-prone, and inefficient, leading to delays and compliance risks. The client needed a scalable AI-driven solution to streamline workflows and enhance legal intelligence.
Challenges
Slow, manual contract retrieval, delaying legal decision-making.
No structured contract database, making reference and analysis difficult.
Inconsistent clause extraction, leading to errors and compliance risks
Solution Implemented
AI Readiness & Data Infrastructure Assessment
Evaluated existing data storage and retrieval processes, identifying gaps in contract organization.
Recommended data structuring improvements to support scalable AI implementation
Smart OCR & AI-Powered Extraction
Integrated an AI-driven Smart OCR solution to extract key clauses, terms, and metadata with high accuracy.
Automated contract indexing and tagging, improving searchability and compliance tracking.
Natural Language Query & Virtual Assistants
Deployed AI-powered virtual assistants, enabling instant contract searches through natural language queries.
Enabled context-aware contract analysis, helping legal teams retrieve insights quickly.
Operational Optimization & Workflow Automation
Reduced manual review efforts, allowing legal professionals to focus on strategic casework.
Streamlined contract analytics, improving reporting and risk assessment.
Impact Metrics
80% faster contract retrieval, reducing search time from hours to seconds.
30% improvement in clause extraction accuracy, minimizing legal review errors.
Instant contract insights through AI-powered search and virtual assistants.
Enhanced compliance and risk management with structured contract intelligence.
Other posts
Even after the project is complete, we remain by your side, providing ongoing support and adjustments as needed.