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Lexion Launches Stand-Alone Version of ‘AI Contract Assist,’ Expanding Gen-AI Powered Contract Review to...
SEATTLE, February 15, 2024 (Newswire.com) - Today Lexion, the AI-powered contract management and operations workflow platform, introduced a new stand-alone suite of tools to transform the way businesses manage contracts. AI Contract Assist substantially reduces the time legal professionals spend on repetitive contract review and management tasks, and accelerates redlining and drafting with a GPT-powered legal copilot that puts the power of generative AI inside Microsoft Word.
Initially launched in 2022, Lexion’s AI Contract Assist was the first GenAI-driven legal tech software available in the market. While these features were previously available to users of Lexion's end-to-end CLM platform, they are now available to anybody who deals with contracts.
AI Contract Assist offers four distinct contracting features:
- Review: Accelerates contract review by checking your contracts against predefined rules and playbooks. AI Contract Assist comes pre-loaded with five industry standard playbooks for common contract types, which can be easily edited, or new rules can be added from scratch. AI Contract Assist flags contract language that needs your attention and suggests redlines to bring it back into compliance.
- Ask: AI Contract Assist allows you to ask questions – in colloquial language – and get detailed, customized answers specifically relating to your contracts.
- Modify: AI Contract Assist generates redline recommendations based on your requests, to any language you select.
- Add: AI Contract Assist generates new clauses from scratch, so you never have to start from a blank page again.
AI Contract Assist was specifically designed to address the most prominent pain points identified by hundreds of legal professionals in Lexion’s recent ‘The Current State of Legal Tech’ survey. Half or more of respondents indicated that ‘removing repetitive tasks,’ ‘completing work more quickly and efficiently,’ and ‘improving work product consistency’ are specific benefits that legal departments expect from using AI software going forward. AI Contract Assist’s features deliver against all three areas.
“Our team of attorneys and contract managers used to spend too much time on trivial tasks,” said Vi Duong, Vice President of Legal at Adswerve, Inc. “Lexion’s AI Contract Assist is leading the curve in terms of cutting-edge AI innovation; it’s head-and-shoulders above other platforms because it meets our attorneys and contract managers where they are today, using tools that they’re already familiar with. By integrating seamlessly into Microsoft Word, the learning curve is negligible while the time it saves us on tasks related to contract review is substantial.”
“We regularly engage with thousands of attorneys who work in dozens of different industries, from retail to healthcare to biotech,” said Emad Elwany, CTO and co-founder, Lexion. “Yet they all share common complaints when it comes to contract review. AI Contract Assist alleviates these pain points by handling many of the tasks typically assigned to junior legal professionals. Leveraging Lexion’s award-winning AI, AI Contract Assist is a significant advancement that frees up legal professionals to focus on higher-level tasks while still negotiating the best contracts in a fraction of the time – and we’re thrilled to make it available as a stand-alone.”
In addition to making AI-powered contract review available to more legal professionals, Lexion’s stand-alone AI Contract Assist also offers an easy path to incorporate the full power of Lexion’s CLM later, should they need a platform to handle end-to-end contracting.
To learn more about AI Contract Assist, please visit this URL.
About Lexion:
Lexion is a powerfully simple operations workflow platform that helps every team do more faster, by streamlining and centralizing the contracting process in a system that works the way you do. We built Lexion at Paul Allen’s artificial intelligence research institute, with an experienced team from Microsoft, Facebook, Google, and Amazon. Top AI investors (including A16Z, Sequoia, and Goldman Sachs) voted Lexion as one of the top 40 Intelligent Applications to watch in 2022. Most importantly, fantastic brands trust Lexion to help them close deals faster, such as Outreach, OfferUp, FOX Factory, and many more. Visit https://lexion.ai for more information.
Contact Information:Forrest Carman
[email protected]
206-859-3118
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Original Source: Lexion Launches Stand-Alone Version of ‘AI Contract Assist,’ Expanding Gen-AI Powered Contract Review to a Broader Audience
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The Minds of Madness Announces the Release of an Investigative 4-Part Podcast Series, ‘Who...
Who Killed Jennifer?
The Minds of Madness Podcast is set to release an investigative 4-part series into the cold case of Jennifer Lynn Shirm. A young mother found murdered in Albuquerque, New Mexico, in the 1980s.
ALBUQUERQUE, N.M., January 11, 2024 (Newswire.com) - On February 4th, 2024, The Minds of Madness true crime podcast is set to release an investigative four-part series centered on a cold case from nearly 40 years ago in Albuquerque, New Mexico.
Andres "Andy" Shirm spent his entire childhood terrified of a man his family thought was responsible for his mother Jennifer Lynn Shirm's disappearance. Even the sight of the man’s photo sent Andy into full-on panic attacks.
Although he'd eventually learn that his mother hadn't just been taken - she'd been murdered, it wouldn't be until decades later that he'd learn that the man he'd been afraid of all those years, hadn’t been his mother's murderer at all.
Over the years, police identified several suspects in Jennifer's murder investigation - even making two arrests.
Yet still, close to 40 years later, the question still remains, "Who killed Jennifer?"
In the 1980s, Jennifer was one of seven unsolved homicides in the area, all linked by a striking lack of evidence at the crime scenes, with one exception: Jennifer's case.
With over 60 million downloads, the award-winning podcast "The Minds of Madness" presents a gripping four-part series hosted by Tyler Allen after a two-year independent investigation into Jennifer Shirm’s homicide.
Four decades later, her son, Andres "Andy" Shirm, breaks his silence in exclusive emotional interviews, as he looks for answers and justice for his mother. Known in the music industry as SickTanicK, Andy's musical journey is a testament to the resilience of the human spirit in the face of tragedy.
Scheduled for release on February 4, 2024, the series will transport listeners back in time through Jennifer's original homicide investigation, scouring through hundreds of pages of police documents, and interview transcripts with witnesses and suspects, revealing new information to Jennifer's son.
To learn more about The Minds of Madness's new series "Who Killed Jennifer?" visit mindsofmadnesspodcast.com. Join the conversation and help bring attention to this unsolved case as we seek justice for Jennifer Lynn Shirm and her family.
Contact Information:Tyler Allen
Host
[email protected]
Original Source: The Minds of Madness Announces the Release of an Investigative 4-Part Podcast Series, 'Who Killed Jennifer?'
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