A New AI-Powered Contract Tool from DraftWise

Markup: A New AI-Powered Contract Tool from DraftWise

DraftWise, an AI-powered contract and negotiation platform for lawyers, announced a new offering – Markup by DraftWise. This extension of the DraftWise core platform addresses issues associated with drafting, reviewing, and negotiating complex contracts, including consistency of preferred language, issue identification, and eliminating tedious contracting tasks. Additionally, using Anthropic will further enhance the DraftWise AI-based Contract Intelligence platform.

“Our goal is to align the greatest tech capabilities with the problems and workflows related to contracts. Integrating Anthropic’s Claude 3 Opus is just one example of putting the best tool to a task,” said James Ding, CEO and Co-Founder of DraftWise. “We are thrilled that Anthropic is part of our work to empower law firms and attorneys as we usher in the next phase of our platform with the launch of Markup.”

‍Markup Key Features:

Contract Autopilot: A contract drafting feature, Contract Autopilot generates the first round of markups based on a lawyer’s previously executed redlines. Contract Autopilot learns the same way a human learns and applies the redlines to the draft document as a human would. With Contract Autopilot, lawyers can eliminate the hours of repetitive work required to draft the first markup of a contract.
Automated issue list generation based on deal history: Markup allows lawyers to quickly and accurately create highly curated playbooks based on their best past work and/or each client’s preferred language to ensure consistency across contract draft cycles. This saves lawyers hours of searching for, compiling, and circulating specific language examples. Upload various reference documents, and DraftWise’s highly trained AI handles the rest.
Intelligent legal AI assistant for rapid revision: The DraftWise chat copilot is an essential, always-available expert contract assistant that answers user questions about negotiation history and recommends clause revisions. It also generates redlines to reflect client preferences across contracts.
Critical issue identification and resolution: Markup lets users quickly spot and address problems in contracts based on past deal work. The software auto-generates revisions that can be instantly approved.

Adding More Generative AI Power

DraftWise opted to integrate Anthropic into its proprietary platform because Anthropic meets the robust security and privacy needs of law firms and their clients. DraftWise will leverage Anthropic with a zero data retention policy, meaning Anthropic will not hold onto or train its models on DraftWise customer data. Additionally, Anthropic runs on both Google Cloud Platform (GCP) and Amazon Web Services (AWS), so users benefit from the stability and scalability of the biggest cloud providers.

About DraftWise

With AI-powered drafting and negotiation software, DraftWise arms lawyers with data-driven intelligence that drastically improves the complete contract workflow, from first draft to client win.

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