Inhouse-focused LawVu has launched Lens, an AI contract analysis tool that gives lawyers visibility across a company’s ‘entire contract portfolio, surfacing risks and obligations before ...
Inhouse-focused LawVu has launched Lens, an AI contract analysis tool that gives lawyers visibility across a company’s ‘entire contract portfolio, surfacing risks and obligations before they become problems’. It’s all part of the New Zealand-based platform’s LegalOS operating system roll-out.
Now, you very likely will say: ‘Hold on, another contract review tool? How is this different?’
Well, it’s good that you asked. The answer is this: Lens analyzes the entire contract portfolio at once. And of course, for some companies this could be quite a lot!
LawVu explained that ‘inhouse teams can ask questions in plain language and get answers grounded in their own contracts, with citations back to source documents.’
They added that there are also plenty of legal ops use cases, as well as compliance and risk assessment uses. Some examples include:
‘Revenue protection: flagging customer contracts set to renew on unfavourable terms, and missed service levels that could trigger credits, refunds, or termination rights.
M&A and audit readiness: identifying contracts that require consent, allow termination, or impose new obligations on a change of control.
Incident, disruption, and regulatory response: pinpointing customer commitments at risk after an event such as a port closure, data breach, or change in law, and where delays or non-compliance could lead to damages, penalties, or termination.…
That's the opening of the original reporting — continue reading at Artificial Lawyer for the rest.