LexCheck Accelerates Contract Flow with New AI Copilot
Wednesday, September 20, 2023
LexCheck Copilot combines the power of LexCheck's proprietary technology and generative AI for faster and more accurate contract drafting, review, and editing
NEW YORK, Sept. 14, 2023 /PRNewswire/ -- LexCheck, a leading AI-powered contract acceleration and intelligence platform, today announced the launch of LexCheck Copilot, an AI assistant for accelerating contract drafting, reviewing and editing. As a member of the Microsoft for Startups Pegasus Program, LexCheck developed this product alongside the Microsoft team, and it will be available exclusively in the Microsoft Store.
"The contracting process is ripe for transformation, as more than 50% of organizations report lost business due to inefficient contracting processes. With LexCheck's new contracting sidekick, negotiations flow faster without compromising quality," said Gary Sangha, CEO and founder of LexCheck. "While many legal tech companies have touted generative AI solutions, we recognize generative AI cannot stand alone to meet the unique needs of the legal domain. By marrying the power of generative AI with our proprietary technology, we have created a comprehensive solution to revamp how lawyers work in their most used application -- Microsoft Word."
Copilot's optimized contract tools equip users with a variety of capabilities that streamline their workflows. Key features of the product include:
-- Auto-proofreading: Common errors such as missing definitions and
formatting inconsistencies are automatically surfaced.
-- Reviewing issues in line: Users are directed to issues that need to be
addressed.
-- Suggested issue fixes: Recommended corrections are provided for issues
found in the contract.
-- Mutualizing provisions: Any unilateral language is mutualized by
generative AI.
-- Clause generation: Clauses can be generated on demand by AI.
-- Defined Terms List: Copilot provides a list of defined terms in a
document and flags any issues.
-- Cross References List: The solution instantly creates a list of
cross-references within the document and flags any issues.
"LexCheck's new product transcends mere convenience, offering a dynamic range of benefits that expedite contracting workflows," said Jeffrey Franke, CEO and co-founder of LegalOps.com. "Lawyers, myself included, can now draft, edit and review contracts with greater efficiency. This forward-thinking innovation is able to give precious time back to lawyers."
Copilot is a plugin accessible directly within Microsoft Word, reducing the need for utilizing multiple applications.
"Microsoft is committed to working with high potential startups like LexCheck to help our customers do business better, easier and faster," said Tom Davis, Senior Director, Microsoft for Startups. "AI-driven solutions like Copilot have the potential to reshape the way lawyers and businesses manage contract processes."
LexCheck's new product is available to anyone at no cost starting today. To sign up for exclusive access to the beta version of Copilot, visit LexCheck's website.
About LexCheck
LexCheck is the leading contract acceleration and intelligence platform. LexCheck's award-winning AI technology delivers on this promise by providing the highest quality revisions with the fastest turnaround times in the industry. Businesses with LexCheck flow faster. To learn more, visit https://www.lexcheck.com/.
Media Contact
Damien Black
Director of Marketing
dblack@lexcheck.com
Avery Hand
BLASTmedia for LexCheck
317.806.1900 ext. 159
LexCheck@blastmedia.com
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SOURCE LexCheck
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