Does anyone have experience vetting and implementing AI legal contract review solutions? In some research from Gartner, it seems they have identified a few vendors: BlackBoiler, Lawgeex, LexCheck, Legartis, Summize, etc. Wondering if anyone has experience - positive or negative - with any of these solutions?

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AI LegalTech Counsel & Legal Ops Innovation Leader | Digital Transformation Expert | Strategic Advisor in Services (non-Government)10 months ago

This is a rapidly evolving industry with many new players and technologies. Ultimately, the best solution for your needs depends on your organization's specific use cases, budget, and preferences. For example, Spellbook uses GPT-4 for drafting and reviewing and has a Word add-in. LegalOn, Ironclad, and ContractpodAI also leverage Gen AI.

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Director - IT Strategy, Digital and Architecture in Consumer Goods3 months ago

Adina, do you have any information you are willing to share with me on Shellbook? Sounds like it's going above and beyond others in reviewing/redlining agreements/contracts.

AI LegalTech Counsel & Legal Ops Innovation Leader | Digital Transformation Expert | Strategic Advisor in Services (non-Government)3 months ago

Hi Erin, You can request a free trial on Spellbook's website. I should add that in the last 6 months or so since my post, there have been many changes and updates in the market from both new and existing vendors. I'll echo Colin's post above that in a very overwhelming market, it often makes sense to work with a consultant/implementation specialist to help evaluate options and make a good choice.

This is one good recent (Dec 2023) independent matrix of existing vendors, but by now it is also considered "out of date": https://clm.innolawgroup.com/innolaw-clm-market-study-2023.

Gartner's 2023 Magic Quadrant for CLM report is also available via many CLM vendor sites.

Another note: Paxton AI, a legal research/drafting platform, also has an AI-powered contract analysis tool that includes editing and redlining. So there are many integrated worfklows available.

Happy to chat more!

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Director of Legal in Software10 months ago

There are a number of consultants and implementation specialists that can help with reviewing and implementing these solutions. However, As Adina notes, you want to identify your specific needs and budget before proceeding any further with the search process.

Global Counsel in Travel and Hospitality3 months ago

My request with any of these is that some degree of manual human intervention for contract review should always be implemented and required at this time. Especially if in-house.