Draftwise
About Draftwise
DraftWise offers an AI-powered platform that automates contract drafting and negotiation by leveraging historical deal data to generate first markup revisions and provide actionable recommendations. This technology reduces the time lawyers spend on low-value administrative tasks, allowing them to focus on strategic aspects of their work while ensuring access to the best language and precedents.
```xml <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. </problem> <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. </solution> <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 </features> <target_audience> DraftWise primarily targets transactional lawyers, knowledge managers, and innovation officers at law firms and corporate legal departments. </target_audience> ```
What does Draftwise do?
DraftWise offers an AI-powered platform that automates contract drafting and negotiation by leveraging historical deal data to generate first markup revisions and provide actionable recommendations. This technology reduces the time lawyers spend on low-value administrative tasks, allowing them to focus on strategic aspects of their work while ensuring access to the best language and precedents.
Where is Draftwise located?
Draftwise is based in East New York, United States.
When was Draftwise founded?
Draftwise was founded in 2020.
How much funding has Draftwise raised?
Draftwise has raised 25150000.
- Location
- East New York, United States
- Founded
- 2020
- Funding
- 25150000
- Employees
- 55 employees
- Major Investors
- Index Ventures