The Belgium doc automation firm ClauseBase has launched a significant enlargement of its product so as to add new capabilities for clause extraction, AI-powered doc assessment, and automatic proofreading, all with the objective of offering an all-in-one platform, inside Microsoft Phrase, for contract drafting, reviewing and negotiating.
ClauseBase launched in 2018 as a contract drafting platform that permits attorneys to show their clauses into clever and reusable clauses and handle them in a clause library. It enabled attorneys to make use of the clauses as constructing blocks, whereas making certain inner consistency in terminology, grammar, model, cross-referencing, and different components.
It has two core merchandise. Clause9 is the unique doc automation software program it launched in 2018. ClauseBuddy, launched in 2022, is an AI-powered drafting toolbox that works as a plug-in inside Microsoft Phrase and Outlook.
With this new launch of its expanded product set, the corporate says it now supplies a one-stop store for authorized drafting. New options embrace:
Clause extraction from drafting historical past. ClauseBase says that its new clause extraction expertise allows legislation companies and authorized departments to effectively search their drafting historical past, extracting and repurposing clauses with ease. It additionally integrates with the SEC’s EDGAR database to supply hundreds of thousands of pattern clauses out of the field. Whereas different authorized tech firms supply related performance as their core providing, for ClauseBase, the corporate says, that is merely one other software within the toolbox.
AI-powered doc reviewing. Utilizing generative AI, ClauseBase now permits attorneys to shortly conduct a pink flag evaluation of any third-party doc, figuring out potential points and suggesting enhancements. This function augments ClauseBase’s current AI drafting help, which permits customers to draft and redraft clauses and paperwork with a brief immediate, in addition to question paperwork for essential info. For attorneys, which means that, reasonably than rely solely on LLM-driven reviewing, they will tailor their assessment preferences.
Automated definitions and proofreading. This function scans authorized paperwork for typical errors like damaged cross-references, inconsistencies between definitions and capitalized terminology, and extra. Right here once more, whereas ClauseBase says it’s not the primary so as to add this performance, it says the importance is that it incorporates it right into a single, complete set of authorized drafting instruments.
Here’s a video exhibiting the brand new options.
“We’re former attorneys at ClauseBase; authorized drafting was 90% or extra of what we did in our earlier lives.” stated Maarten Truyens, founder and CEO. “Our objective has all the time been to carry again pleasure to this significant however damaged course of.
“Whereas we began with doc automation in 2018, we shortly realized this was just one piece of the authorized drafting puzzle and we’ve been arduous at working growing our Microsoft Phrase plugin ClauseBuddy into an assistant that helps with all of the annoying and time-consuming components of the work.”
(ClauseBase was a finalist within the 2021 Startup Alley at ABA Techshow, which I oversee.)
