Source: PR Newswire
Axiom announced the addition of Legora, the collaborative AI platform for lawyers, to its Tech+Talent portfolio to help in-house legal teams accelerate large-scale document reviews and significantly cut costs. Legora, combined with Axiom’s extensive network of top rated lawyers and allied legal professionals lets in-house legal departments and company business teams analyze hundreds of thousands of documents in days rather than weeks or months. The result is unprecedented efficiency and cost effectiveness for all tasks involving large scale document analysis, including acquisition due diligence, post-merger integration, divestiture analysis and preparation, contract portfolio management, and implementation of contract management systems.
“Axiom’s partnership with Legora is a true game-changer for large-scale contract review,” said C.J. Saretto, Chief Technology Officer at Axiom. “Most in-house legal departments face an impossible choice with contract analysis: be thorough, be fast, or be cost-effective—pick any two. But Legora, paired with Axiom’s AI-trained legal talent, allows clients to have all three benefits. Our robust piloting gave us the confidence to scope the review of 200,000 contracts for nuanced change of control provisions for 75% less than the cost of traditional methods and delivered in weeks vs. months.”
The value of this approach is already being demonstrated in the field. In a recent engagement, Axiom helped a client backfill metadata for a newly implemented contract management system. Originally scoped for 550 documents, the project expanded to over 750 contracts during execution—a 36% increase that Axiom handled seamlessly while still delivering ahead of schedule, in under a week of effort. Beyond document analysis, the team reorganized and renamed the entire contract portfolio, delivering a fully functional CMS, with all contracts loaded and tagged on day one. As the client’s General Counsel told her CEO, the results made her look like “a miracle worker.”
“What sets Axiom apart is our selective approach to both legal AI and the talent that uses it,” said Sara Morgan, Chief Talent Officer at Axiom. “Our legal talent, hired for their agility and in-house skill and expertise, are specially trained on the AI tools we recommend and supported by dedicated Axiom technical experts. Equipped with Legora’s robust contract review capabilities, our lawyers and allied legal professionals help clients tackle large projects faster and at far lower costs. In an ever-shifting landscape of legal tech, why integrate a tool into an in-house team and train talent, just to realize the sand has shifted beneath your feet? Axiom provides you with a rigorously vetted Legal AI tool in Legora and pre-trained talent, wrapped with dedicated AI experts. It’s innovation made easy for our clients and exciting for Axiom talent!”
Read the full article: https://www.prnewswire.com/news-releases/axiom-expands-techtalent-portfolio-with-legora-for-in-house-legal-teams-302477773.html
