LawTech Contract Analysis

About

Provided by ELTEMATE

ELTEMATE has launched several unique AI products including a legally refined generative AI solution called ELTEMATE CRAIG and a cutting-edge AI tool to manage regulatory developments called Regulatory Pilot.

ELTEMATE CRAIG can be used to draft legal documents, summarize large sets of facts, extract and structure information into legal documents, create fact chronologies and much more. ELTEMATE CRAIG's sophisticated refining and customization process enables clients to increase productivity and operational efficiencies in a way that humans usually find difficult and time consuming to do. The solution dramatically reduces the time legal teams spend on onerous tasks such as extracting certain data from large sets of documents when working on due diligence. Draft legal summaries and chronologies based on specific facts now take minutes rather than hours to prepare.

The Regulatory Pilot uses a customized AI algorithm trained to analyze regulatory and legislative websites. It recognizes new legal developments and analyzes what is relevant and what is not. It can cover any regulatory developments around the world in any field of law and provides information on a daily basis. AI-generated summaries provide a concise overview of the key facts of any new piece of regulation. In addition, a chatbot lets users ask questions about the document such as queries around scope, applicability, potential fines or compliance obligations.