Source: Fintech News
Summize announced its newest Contract Lifecycle Management (CLM) advancement for in-house legal teams to use AI Redlining within contract drafting and review. The Summize AI Redlining solution uses a unique rulebooks approach that provides automated redlining within Microsoft Word to help legal professionals eliminate repetitive contract management tasks and prioritize more strategic initiatives.
The new Summize AI Redlining feature is a guided, lawyer-driven process that walks users through contract language step-by-step to make redline recommendations that can be easily reviewed and approved. There is no contract rewriting or reframing, unnecessary mistakes, or AI hallucinations that waste a legal team’s time.
Using a sophisticated AI review engine, Summize reviews contracts at the click of a button, checking for deviations from standard positions and generating redline suggestions where needed. The Summize solution does not replace entire sections of a clause with new content, but instead specifically changes the words or phrases that need adjustment against the defined rules, allowing for truly trackable changes and protecting the integrity of the contract. This approach to AI mirrors human behavior, making results more consistent and producing an authentic legally modified contract.
Tom Dunlop, CEO of Summize, said, “Summize AI Redlining helps lawyers stop spending their time doing low-level, manual contract changes and instead focus on more meaningful legal work. We are offering legal teams an opportunity to leverage AI Redlining in a way that they will appreciate and love because it reduces workloads, while also giving them a chance to take advantage of AI in a smart and practical way.
Read the full article: https://www.fintechnews.org/summize-launches-ai-redlining-solution-that-mirrors-true-lawyer-behavior/
