LexPredict, and its contract analytics platform ContraxSuite, have been featured in National Law Journal’s inaugural list of Legal AI Leaders. Similar to NLJ’s ‘Trailblazers’ series, the list of Legal AI Leaders highlights developers of innovative, artificial intelligence-driven products and services.
Legal AI Leaders spotlights companies making an impact in AI + Law. LexPredict’s products and services demonstrate the myriad ways AI can innovate in the legal industry. Working with large corporate legal departments, small firms, and third-party vendors, LexPredict focuses on the intersection of people, process, and technology in law.
Recently, LexPredict decided to make their revolutionary contract analytics platform, ContraxSuite, open-source. The company’s co-founder and Chief Strategy Officer, Dan Katz, believes that open source is the future of legal software-as-a-service. Many organizations’ current business models do not yet fully capitalize on the many AI service providers out there. Katz hopes to change that.
“We are very pleased to be named one of National Law Journal’s Legal AI Leaders,” says Katz. “2018 will be the biggest year ever for our company, with a range of great projects with great clients.”
The ContraxSuite platform, one of many data-driven projects at LexPredict, is constantly evolving. LexPredict team members, as well as the wider open-source community (via GitHub), are working together to improve the platform and enlarge its data repository with each iteration.
“We’re pleased to be recognized as a leader in the Legal AI space,” says Eric Detterman, LexPredict’s VP of product development, who oversees ContraxSuite. “Our ContraxSuite platform uses leading AI technology to provide significant value and efficiencies to law firms and corporate legal departments. Our team is committed to helping firms use AI to make sense out of the ever increasing volume of contracts and legal documents firms cope with today.” You can learn more about what ContraxSuite can do here.
Legal A.I. Leaders is an extension of the National Law Journal’s highly respected Trailblazers series, which has highlighted hundreds of innovative and groundbreaking legal professionals.
LexPredict is an enterprise consulting and technology firm, improving process, technology, and the ways people interact with both. They provide traditional consulting services, but also build data and technology products, and provide support. LexPredict also helps seed startups to address the unmet needs of the market.