ClearLaw offers an AI-driven contract review and data extraction platform that comprehensively analyzes legal documents to identify obligations and risks. By integrating with existing legal management tools, ClearLaw enables corporate legal teams to efficiently navigate and understand their contractual landscape, significantly reducing review times and enhancing risk assessment.
Funding
Funding not disclosed
LIPASHFounders
Product
Problem
Corporate legal teams face challenges in efficiently reviewing and understanding large volumes of contracts, leading to increased review times and potential oversights in risk assessment. Existing search functionalities within LegalTech often fail to capture the nuances of legal language, making it difficult to identify specific obligations and assess cross-contractual risks accurately.
Solution
ClearLaw offers an AI-powered contract review and data extraction platform that enables legal teams to comprehensively analyze legal documents and identify obligations, risks, and key data points. The platform understands the content and context of legal documents, deciphering the relationships between clauses and terms to provide a robust understanding of underlying legal obligations. By integrating with existing Contract Lifecycle Management (CLM) and Enterprise Legal Management (ELM) tools, ClearLaw enhances the capabilities of these systems with AI-driven contract content analysis and extraction. This allows legal teams to shorten review times for both pre-execution negotiation and post-execution risk analysis, and quickly locate specific documents or clauses within large contractual repositories.
Target Audience
The primary target audience includes corporate legal teams, legal operations professionals, and contract managers who need to efficiently review, analyze, and extract data from legal documents.
Features
- AI-driven contract analysis that understands both content and context of legal documents
- Pre-execution negotiation tools to determine contract alignment with legal playbooks
- Contract data extraction to locate specific documents or clauses within minutes
- Cross-contract risk analysis to identify variations and evaluate risk across contractual repositories
- Integration with existing CLM and ELM tools via API
- Microsoft Word plugin to speed up review time by over 50%
- Ability to integrate with current document repositories for obligation identification