Insights

The New Convergence of Legal Tech & Services

Hitesh Talwar
November 20, 2024

GenAI is changing the boundaries between legal technology & legal services, reshaping how organizations build, buy, and partner to achieve AI-enabled outcomes. In this recorded webinar, Factor's Jessica Block & Hitesh Talwar share insights on this transformation and preview Factor's Integral Accelerators.

Key Moments:

Jess Block on transforming legal tech: "Empowering legal departments to see technology not just as a data retrieval tool, but as an intelligent delegation system can revolutionize the way we manage contracts."

Hitesh Talwar on AI effectiveness: "For AI to be useful, it needs to be grounded in business context, it needs to be where users are, it needs to be within the communication layer."

Factor's Integral Accelerators are an interconnected set of AI tools enabling the contracting ecosystem – modular, CLM-agnostic, and rapidly deployable.

During this webinar, we previewed two accelerators:

Mosaic:

  • A versatile reasoning engine delivering expert analysis with 90-97% accuracy
  • Provides rationales and past precedent references for senior lawyer decision-making
  • Streamlines complex legal tasks through advanced document processing
  • Employs sophisticated orchestration to minimize hallucinations and ensure precision
  • Proven success in critical scenarios like data breach response

Negotiator:

  • Automates contract review by intelligently comparing against in-house guidelines and playbooks
  • Provides smart redline recommendations with color-coded confidence ratings
  • Seamlessly integrates into Microsoft Word for familiar user experience
  • Validates all suggestions with source citations from your guidelines
  • Streamlines negotiation process by proactively flagging discrepancies and recommending revisions

Throughout the webinar, we shared insights on effective GenAI build-out in legal, demonstrating how these tools are revolutionizing contract management while maintaining necessary oversight and accuracy.

Ready to revolutionize your legal operations with GenAI? Watch the full recording now!