In an effort to provide our customers with additional information and resources, I’m pleased to kick off our new blog. We hope it serves as a place to find valuable insights on the legal industry, the latest and greatest in legal automation technology, solutions to the challenges legal teams face daily, and educational materials on legal self-help options.
If you have suggestions for topics you’d like us to cover, feel free to send them to McCarthyFinch@hoffman.com.
Our team at McCarthyFinch understands the challenges legal teams are facing, and the increased pressure to do more with less. We shudder at the statistic that drafting contracts and redlining documents takes up 70% of your time.
Our mission is based on these challenges, which is to dramatically change the contract management lifecycle through the use of AI; enabling businesses in the world to move faster, provide higher quality services, and lower the cost of legal services, making access to justice available to everyone.
We understand these challenges because we’ve been right there with you in the trenches.
Our vice president of legal services, Jean Yang, was a former disputes attorney for Australasia’s largest legal group. Our legal engineering team is made up of lawyers with AI and engineering experience.
That’s why we’ve been working hard to solve the biggest problem impacting legal teams — the contract review process.
Most lawyers are paper fiends. They print, read and annotate hard copies of legal documents, making their final edits within Microsoft Word as the only digital step in the process. Without effective digital enablement, the process of reviewing and drafting contracts remains slow, requires enormous attention to detail and remains prone to costly errors.
Until now, the only real answer has been to work harder or add more people. Despite recent investments poured into enterprise legal solutions, the tools lawyers use for contract reviews are still ineffective.
It’s here that we saw an opportunity for how legal teams can work smarter, not harder.
Our contract management solution is rooted in artificial intelligence; the authorAI platform automates the mundane aspects of legal contract reviews and streamlines intelligent activities, such as redlining contracts and comparing legal clauses.
authorAI empowers users, provides more visibility over risk and compliance, improves the quality of legal advice, and delivers unparalleled productivity in every stage of the contract management process.
The best part is, it frees up your day to do other tasks that require more critical thinking and provide higher value to your company. Just look at the below charts. Download the full ROI whitepaper here for more details.
We know you’re cynical and risk averse by nature—that’s what makes you good at your job!
That’s why we are inviting you to see how authorAI works with your own eyes. Sign up for a demo to get a feel for how author can automate the legal contract review process, save your company money, and leave you time to tackle the big challenges.
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