AI Contract Assist
AI-powered legal co-pilot for faster contract drafting, review, and negotiation in Microsoft Word.
Executive Summary
Lexion AI Contract Assist is an AI-powered legal co-pilot designed to significantly accelerate contract drafting, review, and negotiation processes. It integrates directly into Microsoft Word, leveraging generative AI (specifically GPT-powered capabilities) to assist legal and operations teams. The tool helps users redline documents, generate clause language, and streamline the entire contract lifecycle. It aims to reduce the time spent on tedious tasks, such as reviewing NDAs, by automating and assisting with complex legal document work, ultimately enabling teams to get deals done faster across various departments like sales, procurement, legal, HR, and security.
Use Cases
- Accelerating contract review and analysis
- Streamlining contract drafting and generation of clause language
- Expediting contract redlining and negotiation
- Reducing time spent on reviewing standard agreements like NDAs
- Supporting legal and operations teams in various departmental reviews (sales, procurement, HR)
Features
Visibility
- Robust Search Tool: Enables users to quickly find specific clauses or information across all signed contracts, ensuring high levels of accuracy.
- Centralized Contract Repository: Acts as a single source of truth for all signed contracts, improving reporting accuracy and accessibility.
- Intake and Triage: Simplifies the initial stages of contract management, including intake, triage, and collaboration.
Intelligence
- GPT-Powered Drafting & Redlining: Utilizes generative AI to assist legal teams in drafting new contracts and redlining existing ones directly within Microsoft Word.
- Automated Clause Extraction: Automatically reads contracts to extract key information such as dates, parties, and over 120 different clauses and terms.
- AI-Driven Contract Review: Reduces the time required for contract review, with reported reductions of up to 83% for tasks like NDA review.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
AI/ML Stack
- GPT-3
- Generative AI
Integrations
- Salesforce
- HubSpot
- Microsoft Word
- Coupa
- Slack
- Microsoft Teams
- DocuSign
- Lexion Sign
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About Lexion, Inc.
Lexion, now part of DocuSign, offers an AI-powered contract lifecycle management (CLM) platform that assists legal and operations teams in drafting, reviewing, negotiating, and managing agreements. It leverages machine learning to extract key terms, organize obligations, and streamline workflows for faster deals and smarter legal operations.
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