Fornaro Becomes Combined Intelligence Partner for Contract Review with LegalSifter
January 10, 2019
LegalSifter and Fornaro Law are proud to announce a strategic partnership to offer a “combined intelligence” solution for contract negotiation for clients across a wide range of industries, including banking, manufacturing and real estate. Combining LegalSifter’s artificial intelligence (AI) with Fornaro Law’s legal expertise will allow clients 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 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 provided by the attorneys at Fornaro Law.
“The use of AI for contract review in conjunction with attorneys that understand this technology is absolutely necessary for every industry”, said Philip Fornaro, Managing Attorney at Fornaro Law. “Our goal is simple at Fornaro Law: We want to advance our firm and our clients rapidly through the use of technology. LegalSifter is the platform that advances that goal starting today. With AI we are able to provide a predictable and cost-effective fee structure for our clients which allows them to invest their time and money into the growth of their business. As attorneys, we cannot be shortsighted and hold on to the old way of doing business. After all, if our clients grow, then our firm will grow with them. AI allows us to work together with in-house counsel and the client to provide a powerful platform for document review. Because LegalSifter provides us with the opportunity to operate quickly, accurately and efficiently, there is no reason to work any other way.”
“Phil and his team are thought leaders. They know that artificial intelligence plus an attorney is better than either by itself. They believe that AI will help them serve more clients faster and with higher quality. LegalSifter wants to work with people who see the future so clearly, and we are fortunate to have the commitment from Fornaro Law,” said Kevin Miller, Chief Executive Officer of LegalSifter, Inc.
Fornaro Law will offer LegalSifter-enabled solutions to clients for a wide range of contract types, including mutual non-disclosure agreements, unilateral non-disclosure agreements, goods agreements and commercial lease agreements.
About Fornaro Law
Fornaro Law concentrates in the legal practice areas of Corporate and Business Structuring and Restructuring, Crypto, Blockchain, Commercial Real Estate, Industrial Real Estate, Residential Real Estate, Estate Planning & Probate Law, Litigation, Chapter 11 Bankruptcy, Foreclosures, Banking, Condominium, International, Employment, Municipal and Zoning. Through technological advancements, Fornaro Law has now captured a very high-level client base and has gone from a local firm servicing Chicago and the western suburbs of Chicago to representing and advising high value clients throughout the United States and Europe. Clients now consist of significant real estate and corporate clients, venture capitalists and international investors.
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.
Mary Ann Bryk
VP of Partner Experience