Draftwise Launches AI-Driven Playbook Studio

Contract AI specialists, Draftwise, have launched Playbook Studio, which analyses a firm’s contracts and deal history to automatically generate a ‘customized, deployable playbook in about five minutes’ – which is handy.

For example, they found that with one of their AI-generated playbooks, legal teams have ‘consistently reduced NDA drafting and review from 60 minutes down to two minutes’.

They added that it ‘eliminates the error-prone tedium of manually creating a first-pass playbook, saving legal teams hundreds of hours each month’.

Plus, by doing this ‘Draftwise codifies hard-won IP and bespoke knowledge, negotiated positions, and institutional memory’.

Several other legal tech companies have tried this, or something similar, so the proof will be in the pudding.

In this case, the tech has moved a long way since the first companies attempted to do it many years ago. So, there’s every chance it will deliver here. Guess you’ll have to try it to find out…!

James Ding, CEO and co-founder of Draftwise, commented: ‘Having a playbook that captures your negotiating style and expertise is an essential differentiator. It’s bespoke to you, not a generic AI tool that produces average legal work. General counsels and their in-house teams get better insights into their own data and can create a deployable playbook in minutes instead of hours.’

Good stuff. More here.

And that is the last news story of the day… 🙂

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