Case Study
HOW TO EVALUATE AN AI SOLUTION FOR LEGAL TECH
© Cortical.io 2021 1 HOW TO EVALUATE AN AI SOLUTION FOR LEGAL TECH May 2021 How to Evaluate an AI Solution for Legal Tech © Cortical.io 2021 2 ontract review is an integral part of many corporate processes, and one that, if not managed well, can have serious legal and financial consequences for organizations. For example, on the financial side, according to research by KPMG 1 , inefficient contracting can cause firms to lose between 17 and 40 percent of the value on a given deal. Since the process of contract review is both tedious and error-prone, it would be a good candidate for automation. Indeed, in recent years, many artificial intelligence (AI) solutions have sprung up promising to automate this process. Howeve