Law firms have unprecedented insights into industry wide trends on deals and are looking to leverage that data to provide their clients with deepers insights and advice.
Key-Man Problem: Valuable insights are currently provided based on a partner’s teams’ memory of deals, not on aggregated transaction data
Lacking Centralized Access: need a method to central organize & capture key information of all the deals in the practice, while ensuring full control on privacy
Expensive and Redundant work: Any manual process to do so is not only extremely expensive, but nearly impossible, as the associate/paralegal teams need to quickly move from one deal to the next
Security Concerns: due to lawyer-client privacy concerns, law firms have to be extremely careful with any AI system used to ensure that the client data NEVER gets leaked
Solution
Claira provides a specialized, local AI system that promises the data & documents never leave the law firm's premises and yet can automatically analyze, extract and centrally store all the key terms of the deal which can be used by their partners to better advise their clients.
Benefits
Provide unprecedented insight to better advise clients.
Secure, private method to analyze and extract key information on deals into a central repository.
Fully traceable results so lawyers can see output in context of the original document.
