Draftwise provides an AI-powered contract intelligence platform that assists legal professionals with drafting, reviewing, and negotiating agreements. The system applies organizational precedent and deal history to generate client-ready drafts and precise redlines. This capability allows law firms and in-house teams to accelerate deal velocity while maintaining high standards and leveraging institutional knowledge.
Funding
$25.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Transactional lawyers spend significant time on repetitive tasks such as drafting first versions of contracts and searching for relevant clauses from past deals. This administrative burden reduces efficiency and prevents them from focusing on higher-value strategic work.
Solution
DraftWise is an AI-powered platform designed to automate contract drafting and negotiation workflows for legal professionals. By leveraging a firm's historical deal data, DraftWise generates initial contract markups and provides actionable recommendations directly within Microsoft Word and Outlook. The platform enables lawyers to quickly access relevant precedents, compare clauses, and understand market standards, streamlining the negotiation process. DraftWise empowers legal teams to reduce administrative work, improve drafting quality, and ensure consistent application of firm knowledge across all transactions.
Target Audience
DraftWise primarily targets transactional lawyers, knowledge managers, and innovation officers at law firms and corporate legal departments.
Features
- AI-powered first draft generation using historical deal data
- Clause search and comparison directly within Microsoft Word and Outlook
- Integration with document management systems (DMS) for secure access to precedents
- Automated playbook generation for standardized contract language
- Negotiation insights based on past agreements and market trends
- Secure content sharing and knowledge management features
- SOC 2 Type 2 compliant data security