
DraftWise
AI-powered contract drafting, review, and negotiation tool for legal professionals.
DraftWise is an innovative AI-powered platform designed to enhance and streamline contract drafting, review, and negotiation processes. By leveraging the expertise within a legal organization, DraftWise offers instant access to the best language, precedence, and personal preferences directly within Microsoft Word. This tool is aimed at law firms, in-house legal teams, and any legal professionals looking to optimize their workflow and improve the quality of their contracts with enhanced precision and speed. Its powerful AI capabilities allow users to draft smarter by searching deal history, automating review processes through redlines, and identifying negotiation pitfalls by comparing contracts to term sheets. The product boasts high security and compliance with industry standards, ensuring data privacy and integrity.
Pros:
- Enhances contract drafting efficiency and effectiveness
- Integrates seamlessly with Microsoft Word
- Maintains high-level data privacy and security standards
- Optimizes workflow by leveraging past precedent
Cons:
- Primarily beneficial for legal professionals
- Requires existing data infrastructure for full utilization
- May need initial setup and training for users
Features:
- Smart Drafting - Utilizes AI to enhance and streamline contract creation.
- Automated Review - AI-generated redlines and reviews based on firm guidelines.
- Negotiation Tools - Automatically summarizes and analyzes contract terms for effective negotiation.
- Secure Data Handling - Adherence to SOC 2 and ISO 27001 certifications for data security.
Integrations:
- Microsoft Word - Direct integration for drafting and reviewing contracts.
- Firm-wide Data Management Systems - Connects with data systems to enhance search precision and precedent gathering.
Pricing:
- Enterprise Pricing - Tailored packages based on firm size and needs.
- Custom Solutions - Flexible pricing models to cater to different legal departments.
Implementation Timeline
Not Disclosed
Onboarding
Not Disclosed
Sandbox
No
Compliance
ISO, SOC 2
Hashtags
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