Legal
technology
platform
Law
Insider
announced
today
the
launch
of
its
AI-powered
contract
drafting,
review
and
redlining
tools
for
its
global
community
of
1.2
million
registered
legal
users.
The
new
AI
suite
will
be
integrated
directly
into
Microsoft
Word
and
Law
Insider’s
web-based
platform,
making
it
accessible
across
multiple
workspaces
for
attorneys
and
legal
professionals.
The
company
will
begin
rolling
out
these
tools
to
its
10,000+
Pro
and
Premium
subscribers
in
April,
with
a
free
version
planned
for
its
broader
user
base
of
1.2
million
registered
users.
Law
Insider’s
AI
contract
tools
will
be
bundled
into
existing
subscription
plans
starting
at
$29
per
month
for
individuals
and
$49
per
month
for
team
users,
positioning
it
as
one
of
the
more
affordable
AI
legal
solutions
in
the
market.
“Hundreds
of
legal
tech
vendors
are
chasing
AI-driven
contract
automation,
but
most
are
focused
on
expensive
solutions
for
the
Fortune
500,”
said
Preston
Clark,
cofounder
of
Law
Insider
and
CEO
of
SimpleDocs.
“We’re
taking
a
different
approach
—
leveraging
our
global
community
of
solos,
small
firm,
and
in-house
attorneys
to
make
AI-powered
contracting
more
accessible.”
The
AI
contract
suite
was
developed
in
partnership
with
SimpleDocs,
a
company
specializing
in
AI-powered
contract
automation.
It
aims
to
provide
enterprise-grade
capabilities
to
a
broader
legal
audience,
specifically
targeting
solo
practitioners,
small
law
firms,
and
in-house
counsel
who
may
not
have
access
to
enterprise-level
budgets.
Key
features
of
the
new
AI
tools
include
contract
review
and
redlining,
a
benchmarking
system
called
Law
Insider
Index
Score
to
compare
contract
clauses
against
industry
standards,
AI-assisted
clause
drafting
with
validation
from
Law
Insider’s
contract
database,
and
customizable
AI
playbooks
for
contract
review.
“We’re
not
just
launching
a
tool;
we’re
empowering
a
global
community
of
legal
professionals
to
work
smarter
with
contracts,”
said
Electra
Japonas,
chief
legal
officer
at
Law
Insider.
“AI
should
be
accessible
to
every
attorney,
not
just
those
in
large
firms
with
enterprise
budgets.”
An
early
access
program
is
currently
available
for
select
Law
Insider
community
members,
with
the
global
launch
scheduled
for
April
8,
2025.
These
tools
will
be
available
to
all
Pro
and
Premium
subscribers
as
part
of
their
existing
subscription
plans.
Law
Insider
currently
maintains
a
database
of
millions
of
legal
agreements
and
serves
a
community
of
1.2
million
registered
legal
users
worldwide.