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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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Rancho Biosciences Earns Prestigious ‘Great Place to Work’ Certification for the Second Consecutive Year

Rancho Biosciences, the leading Data Science Services company based in San Diego, CA, proudly announces its achievement of the Great Place To Work® Certification™ for the second year in a row. This coveted certification signifies the company's unwavering commitment to fostering a positive, supportive, and fulfilling work environment for all its employees.

Unlike other accolades, the Great Place To Work Certification is awarded based solely on employee feedback, making it an authentic reflection of workplace culture. Rancho Biosciences' continued recognition proves that its workplace experience remains consistently positive, trusted, and valued by its team members.

Dr. Julie Bryant, CEO of Rancho Biosciences, remarked, "Earning this certification once is an honor, but to earn it for the second consecutive year is a testament to our ongoing efforts to maintain an inclusive, vibrant, and empowering workplace. Our people are our strength, and their feedback drives our mission to continually evolve and enhance our work culture."

The Great Place To Work Certification not only underscores an organization's commitment to its employees but also positions it as an attractive prospect for top-tier talent. With the globally recognized badge, Rancho Biosciences showcases its dedication to building an exceptional workplace culture, which will undoubtedly draw the best candidates in the industry.

Some key benefits of the Great Place To Work Certification include:

  • Improved employee trust and pride in the company.
  • Enhanced employer brand awareness.
  • Higher employee engagement and better recruitment metrics.
  • Recognition for having outstanding people managers and leaders.

Based on rigorous research and feedback from millions of employees worldwide, the certification evaluates five dimensions of a high-trust company culture: credibility, respect, fairness, pride, and a sense of belonging. Organizations that score highly in these areas are known to outperform their competitors in recruitment, retention, innovation, and financial performance.

To learn more about Rancho Biosciences and its ongoing efforts in creating an exceptional workplace, visit Rancho’s Website. Interested in joining our dynamic team? Explore exciting opportunities and apply now at:
https://ranchobiosciences.isolvedhire.com/jobs/

About Rancho:

Founded in 2012, Rancho Biosciences is a privately held company offering services for data curation, management and analysis for companies engaged in pharmaceutical research and development. Its clients include top 20 pharma and biotech companies, research foundations, government labs and academic groups. With a team of experienced professionals, the company continues to pave the way for advancements in bio/pharma research through data.

For more information about Rancho, please contact:

Julie Bryant, CEO          

[email protected]

Contact Information:
Julie Bryant
CEO
[email protected]
760-717-7881


Original Source: Rancho Biosciences Earns Prestigious 'Great Place to Work' Certification for the Second Consecutive Year
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