Contract Review Meets E-discovery - Today's General Counsel

Many day-to-day business processes could benefit from a better understanding of company contracts, which even for mid-sized companies often number in the thousands. The processes, procedures, and technologies that make up e-discovery are well-suited to delivering those benefits. The process starts with a foundation provided by e-discovery and its document review specialists, processes, and technologies, augmented by artificial intelligence (AI) that allows attorneys to teach analytics software to recognize and interpret contract provisions. An AI-powered contract review application applies this training to contracts it hasn't seen before, resulting in the extraction of key contract provisions. Technology-aided contract review is a natural companion to e-discovery and conventional contract management tools.