May30 , 2024

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Lexion Launches Stand-Alone Version of ‘AI Contract Assist,’ Expanding Gen-AI Powered Contract Review to a Broader Audience

Today Lexion, the AI-powered contract management and operations workflow platform, introduced a new stand-alone suite of tools to transform the way businesses manage contracts. AI Contract Assist substantially reduces the time legal professionals spend on repetitive contract review and management tasks, and accelerates redlining and drafting with a GPT-powered legal copilot that puts the power of generative AI inside Microsoft Word.

Initially launched in 2022, Lexion’s AI Contract Assist was the first GenAI-driven legal tech software available in the market. While these features were previously available to users of Lexion's end-to-end CLM platform, they are now available to anybody who deals with contracts.

AI Contract Assist offers four distinct contracting features:

  • Review: Accelerates contract review by checking your contracts against predefined rules and playbooks. AI Contract Assist comes pre-loaded with five industry standard playbooks for common contract types, which can be easily edited, or new rules can be added from scratch. AI Contract Assist flags contract language that needs your attention and suggests redlines to bring it back into compliance.
  • Ask: AI Contract Assist allows you to ask questions – in colloquial language – and get detailed, customized answers specifically relating to your contracts.
  • Modify: AI Contract Assist generates redline recommendations based on your requests, to any language you select.
  • Add: AI Contract Assist generates new clauses from scratch, so you never have to start from a blank page again.

AI Contract Assist was specifically designed to address the most prominent pain points identified by hundreds of legal professionals in Lexion’s recent ‘The Current State of Legal Tech’ survey. Half or more of respondents indicated that ‘removing repetitive tasks,’ ‘completing work more quickly and efficiently,’ and ‘improving work product consistency’ are specific benefits that legal departments expect from using AI software going forward. AI Contract Assist’s features deliver against all three areas.

“Our team of attorneys and contract managers used to spend too much time on trivial tasks,” said Vi Duong, Vice President of Legal at Adswerve, Inc. “Lexion’s AI Contract Assist is leading the curve in terms of cutting-edge AI innovation; it’s head-and-shoulders above other platforms because it meets our attorneys and contract managers where they are today, using tools that they’re already familiar with. By integrating seamlessly into Microsoft Word, the learning curve is negligible while the time it saves us on tasks related to contract review is substantial.”

“We regularly engage with thousands of attorneys who work in dozens of different industries, from retail to healthcare to biotech,” said Emad Elwany, CTO and co-founder, Lexion. “Yet they all share common complaints when it comes to contract review. AI Contract Assist alleviates these pain points by handling many of the tasks typically assigned to junior legal professionals. Leveraging Lexion’s award-winning AI, AI Contract Assist is a significant advancement that frees up legal professionals to focus on higher-level tasks while still negotiating the best contracts in a fraction of the time – and we’re thrilled to make it available as a stand-alone.”

In addition to making AI-powered contract review available to more legal professionals, Lexion’s stand-alone AI Contract Assist also offers an easy path to incorporate the full power of Lexion’s CLM later, should they need a platform to handle end-to-end contracting.

To learn more about AI Contract Assist, please visit this URL.

About Lexion:

Lexion is a powerfully simple operations workflow platform that helps every team do more faster, by streamlining and centralizing the contracting process in a system that works the way you do. We built Lexion at Paul Allen’s artificial intelligence research institute, with an experienced team from Microsoft, Facebook, Google, and Amazon. Top AI investors (including A16Z, Sequoia, and Goldman Sachs) voted Lexion as one of the top 40 Intelligent Applications to watch in 2022. Most importantly, fantastic brands trust Lexion to help them close deals faster, such as Outreach, OfferUp, FOX Factory, and many more. Visit https://lexion.ai for more information.

Contact Information:
Forrest Carman
[email protected]
206-859-3118
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Original Source: Lexion Launches Stand-Alone Version of ‘AI Contract Assist,’ Expanding Gen-AI Powered Contract Review to a Broader Audience

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Revolutionizing Fire Camps: NUE’s Sustainable Power Solutions Shine at USDA Technology & Development Center

NUE demonstrates the transformative capabilities of the SunKit™ 5050 EXT and the SunCase™ 3651

Revolutionizing Fire Camps: NUE’s Sustainable Power Solutions Shine at USDA Technology & Development Center
NUE Showcases Equipment at USDA Technology & Development Center

NUE had the opportunity to showcase its SunKit? 5050 EXT and SunCase? 3651 products

New Use Energy (NUE) was honored to be part of the USDA/Forest Service “Industry Days” at the USDA Technology & Development Center in San Dimas, CA this week. The theme of the event was “Portable Power in Fire Camps - Low Carbon Alternatives.” The goal of the exercise was to evaluate alternative energy sources and opportunities to transition from fossil fuel-powered generators to alternative energy sources in fire camps.

During its demonstration, NUE had the opportunity to showcase its SunKit™ 5050 EXT and SunCase™ 3651 products, each powering a simulated “spike camp” with communications, laptops, lighting and various small appliances (coffee maker, hot plate, etc) with ease. Despite the morning being overcast, by the time the demonstration ended around noon, the SunKit™ (which was connected to 2200Watts of solar panels) finished the demonstration with more battery capacity than when it started. In smoky environments, users can also quickly recharge NUE’s highly portable products from gas generators and still reduce carbon emissions by up to 80%.

“NUE’s origins as a company serving the disaster relief and emergency management communities, plus our recent award from DHS’s Clean Power for Hours competition really establishes our credentials as a leading player in this space,” said Lee Feliciano, COO of NUE. “We would like to express our appreciation to the Project Team at the San Dimas facility for sharing its hands-on knowledge of how solar+battery generators would be used in real-world firefighting scenarios and for the post-demonstration tour.”

About NUE

NUE is a leader in the development and distribution of professional grade, state-of-the-art, ruggedized mobile solar generator systems that adapt to a diverse set of the most demanding commercial and industrial applications, delivering clean, renewable power wherever needed. For more information, visit https://newuseenergy.com.

Contact Information:
Paul Shmotolokha
CEO
[email protected]
+1 (202) 285-3371


Original Source: Revolutionizing Fire Camps: NUE's Sustainable Power Solutions Shine at USDA Technology & Development Center

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