Source: PR Newswire
Bloomberg Law announced Contract Assistant (beta), a new generative AI conversational search tool for Bloomberg Law Contract Solutions that simplifies contract analysis for in-house counsel.
Contract Assistant quickly surfaces key information from lengthy contracts, identifies and summarizes the key provisions, and gives the user the option to learn about specific areas of a contract such as amendments, expiration dates, and renewals. It also allows users to pose questions about a contract in its entirety, such as “as the representative for the buyer in this agreement, which provisions should I pay closest attention to during negotiations and why?” This allows users to fast-track review of key aspects of the contract.
“Contract Assistant not only simplifies the contract review process but also boosts the operational efficiency of legal teams, enabling more precise and effective contract analysis and negotiation,” said Todd Barton, vice president of product, Bloomberg Law. “This addition to Bloomberg Law Contract Solutions underscores our dedication to continuous innovation and to addressing the dynamic needs of in-house counsel.”
“We’re really impressed with Bloomberg Law’s Contract Assistant. As a team that regularly handles large, complex contracts, the tool’s ability to provide a high-level overview and identify missing or risky provisions will be incredibly useful,” said an associate counsel at a prominent multi-industry company. “Being able to ask specific questions, such as ‘What should we focus on during negotiations?’ can help us streamline the review process and ensure we don’t overlook key details. We look forward to incorporating it into our workflow to enhance our contracting efficiency.”
Read the full article: https://www.prnewswire.com/news-releases/bloomberg-law-unveils-ai-powered-contract-assistant-302267055.html
