LegalSifter and EXTEND Resources Blend A.I., Contract Management, and Legal Expertise to Accelerate Contract Review
July 10, 2018
LegalSifter and EXTEND Resources are proud to announce a strategic alliance to offer a “combined intelligence” solution for contract review and negotiation. Combining LegalSifter’s artificial intelligence (AI) technology with EXTEND’s contract management and legal process expertise will allow clients – organizations ranging in size from middle market companies to large global enterprises – to review contracts quickly and confidently at a predictable cost.
Users start by uploading draft contracts into LegalSifter. Sifters – the software trained to read text, look for specific concepts, and learn over time – then review the document and identify important legal and business concepts that demand attention or are missing entirely. The Sifters trigger Help Text, in-context advice tailored to the client’s business and negotiation position.
“The success of our clients often depends on deploying efficient, cost-effective processes and technology. AI is driving process innovation in the legal industry, particularly in the contract management arena,” said Howard Hoffmann, CEO at EXTEND Resources. “LegalSifter enables us to automate contract review and issue spotting by accurately flagging content that may need adjustments or clarification, serving up tailored legal guidance to users, and supporting high-quality results from start to finish.”
“EXTEND Resources was founded to solve the fundamental challenge faced by business and legal professionals – how to do more with less,” said Kevin Miller, CEO of LegalSifter. "We are delighted that a forward-thinking, innovative company like EXTEND Resources chose LegalSifter to help their clients accelerate contract review, improve response times to counterparties, and reduce legal spend. It’s a perfect partnership.”
EXTEND Resources will offer LegalSifter-enabled contract management solutions to clients for a wide range of contract types, including:
Business Associate Agreements;
End User License Agreements;
Non-Disclosure Agreements (Mutual and Unilateral);
Master Services Agreements; and
LegalSifter is dedicated to bringing affordable legal services to the world by empowering people with artificial intelligence. LegalSifter intends to achieve its mission by working with the legal profession, not against it. Headquartered in Pittsburgh, Pennsylvania (USA), LegalSifter offers its products directly to organizations as well as through and with law firms.
About EXTEND Resources
EXTEND Resources solves a fundamental problem many organizations face: How to do more with less. Clients rely on EXTEND’s business and legal process solutions – including contract management, information security, eDiscovery, executive management and other outsourced services -- to help them increase productivity, enhance efficiency, and generate valuable results. With decades of combined expertise in business management, legal technology, and global outsourcing, EXTEND can help you power performance. To learn how, visit ExtendResources.com and follow the company on Twitter at @ThinkExtend.
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