NEW YORK--(BUSINESS WIRE)--LawGeex, the leading Contract Review Automation (CRA) provider, today announced the release of LawGeex 5.0, the latest version of its award-winning AI platform, which automates the review and approval of routine contracts. The new version supports rapidly growing demand for the LawGeex platform.
“Contract Review Automation is fundamentally changing how we work and helping us be more impactful,” says Cory Sumsion, Director, Commercial Counsel at eBay Inc. “The new version of the LawGeex platform will allow us to expand our usage even further.”
LawGeex is now being used by dozens of Fortune 500 and Global 2000 customers, including three out of the top five insurance companies, along with three of the largest law firms in the world, including White & Case. The new upgrade offers significant advancements to support accelerating adoption by corporations and law firms alike.
“We’re gratified by our customers’ acceptance and the legal industry’s adoption of the LawGeex AI platform,” said Noory Bechor, LawGeex CEO. “Based on input from our rapidly expanding customer base, this new release demonstrates our relentless efforts to support our customers’ needs in new and scalable ways.”
The new version of the LawGeex platform incorporates customers’ requests in three major areas:
- Accelerated deployment: LawGeex has introduced Dynamic Playbooks™, which provide the most sophisticated playbook technology on the market, allowing clients to fully capture and digitize their legal policies and turn them into actionable contextual review guidelines.
- Data-driven optimizations: A new analytics engine for real-time and historical statistics to help clients achieve transparency and increase efficiencies across their legal operations and legal policies.
- Extended coverage: The new version significantly expands coverage of contract use cases from third-party review to redlines to the client’s own template, while enjoying the full benefits of the LawGeex Dynamic Playbooks and analytics engine.
For more information on these new features, click here.
LawGeex AI Contract Review Automation (CRA) saves up to 90 percent of contract review time and cost, allowing lawyers to focus on strategic work. It enables legal teams to reduce risk while supporting business growth. LawGeex is recognized by Gartner as a leading force in legal innovation and serves dozens of Fortune 500 and Global 2000 customers, including three out of the top five insurance companies, along with three of the largest law firms in the world, including White & Case.
To find out more about the LawGeex platform and how your company can benefit from Contract Review Automation, please visit www.lawgeex.com.