According to The 2024 In-House Legal Technology Report, a majority of legal teams cited boosting team efficiency and productivity as their primary objective. As workloads increase and the pressure to do more with less grows, it is crucial for in-house legal teams to accelerate their processes without sacrificing quality. Utilizing tools that enhance efficiency and minimize time spent on low-value tasks has become essential.

AI tools are a critical enabler for businesses that want to do more to optimize efficiency with speed and quality. When well-designed and securely implemented, AI presents a significant opportunity for in-house legal teams to eliminate time spent on low-level admin, giving back valuable time to focus on the strategic work that matters most to the business. With numerous proven use cases demonstrating the safe and secure application of AI to enhance in-house legal work, there has never been a better time to incorporate AI tools into your legal tech strategy.

While AI is a rapidly advancing technology, adopting AI doesn’t have to be a daunting and painful process. At LawVu, we want to make the adoption of AI easier for in-house legal teams by ensuring its practicality and ease of use, so you can get value from day one. That’s why LawVu continuously iterates and launches on small, high-impact AI features embedded in the workspace for quicker time to value.

Three new secure, easy-to-use AI features to remove manual admin work, get insights, and take action on contracts faster

Easily summarize contracts to get context

In-house attorneys and contract managers spend a lot of time reviewing contracts and sharing summaries with stakeholders. Given their busy schedules and frequent context-switching, a concise summary to get context can be invaluable. No more spending valuable time scrolling, reading, and analyzing lengthy contract documents. Generate contract summaries with a click of a button to quickly get context and provide key information to stakeholders more efficiently.

Remove data entry and easily capture key dates

Nearly every contract contains crucial dates that must be monitored to comply with contractual obligations. But no one wants to spend time scrolling, searching, and doing data entry. Automatically extract and capture important dates from your contracts into LawVu, enabling more efficient and effective tracking and management of key dates. This eliminates the need for manual data entry.

Quickly understand key terms and conditions

Easily find answers to any questions from contracts using natural language to quickly understand key terms and conditions. This helps accelerate contract review and workflows, and improves turnaround times for business queries. Powerful natural language search understands intent and returns more meaningful and relevant results.

LawVu’s AI capabilities are built on Microsoft Azure technology, ensuring the highest privacy and security standards. Your data is never used to train any models and stays within your regions.

AI can significantly help legal teams improve their efficiency, minimize human error, reduce operational costs, and help scale legal operations to handle increasing workload without sacrificing quality. This allows legal professionals more time to focus on high-value tasks like strategic planning, complex analysis, and business collaboration, ultimately improving outcomes for the entire business.

These new features are currently in early access. To learn more about LawVu’s AI capabilities, click here or get in touch with us for a demo. If you want to learn more about how to securely adopt AI for your legal team, take a look at our latest guide: A practical guide to AI adoption for legal teams.