LexCheck Launches Copilot for Contracts
LexCheck, a contract acceleration and intelligence platform provider, today launched LexCheck Copilot, an artificial intelligence assistant for accelerating contract drafting, reviewing and editing.
"The contracting process is ripe for transformation, as more than 50 percent 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, in a statement. "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 include the following:
- Reviewing issues in line.
- Suggested issue fixes.
- Mutualizing provisions.
- Clause generation.
- Defined Terms List:.
- Cross References List.
Copilot is a plugin accessible directly within Microsoft Word.