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Cambridge, UK
Cambridge
United Kingdom
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7Added in Motherbase
2 years, 10 months agoAccelerate your contract review with the world's most accurate legal AI.
Market leaders in contract acceleration.
The problem with contract negotiation is that it is slow and inefficient, and therefore expensive. Each individual lawyer can waste hundreds of hours per year reading every word in every contract when most of the language is common and represents little or no risk. Once a lawyer has read the contract and understood the key issues, managing those issues to resolution is manual, time-consuming, and error-prone. Creating an issue list each time is difficult, time-consuming, and hard to maintain, so keeping stakeholders informed and collaborating on issues with colleagues is handled via email and phone calls. As a result, negotiations often descend into ‘redlining battles’ and interminable iterations of back and forth.
The key to efficient contracting is the rapid discovery of issues, and effective management of the negotiation around those issues. Our technology uses AI to identify issues based on your playbook, previously signed agreements, and agreements negotiated by others. And it does so in minutes. You can then triage agreements, rapidly create and maintain issues lists, and collaborate with colleagues, empowering your lawyers to negotiate with more confidence and close deals faster with less risk.
We intend to banish the phrase 'stuck in legal' from the vocabulary of business.
To find out more about our contract acceleration platform or to arrange a demo, please visit our website: www.thoughtriver.com
ThoughtRiver operates from offices in Cambridge, London, New York and Singapore.
legal checklist review, contract review, pre-signature contract risk review, post-signature contract reporting, contract analysis, negotiation management, deal team contract collaboration, personalized checklist contract review, contract management, deal velocity, contract acceleration, artificial intelligence, and natural language processing (nlp)
Enhance legal operations with ThoughtRiver's AI-driven platform, designed for precision and efficiency in contract review processes.
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Accenture Consulting, audit, Business Consulting and Services | Accenture Consulting, audit, Business Consulting and Services | Other 21 Mar 2023 | | |
UK Research and Innovation Public business cluster, Government Administration | UK Research and Innovation Public business cluster, Government Administration | Other 13 Dec 2018 | | |
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Cambridge Enterprise Startup accelerator & VC, Higher Education | Cambridge Enterprise Startup accelerator & VC, Higher Education | Other 17 Feb 2017 | | |
Salesforce IT services, Internet | Salesforce IT services, Internet | Other 17 Sep 2019 | | |
techUK National and local authorities, IT Services and IT Consulting | techUK National and local authorities, IT Services and IT Consulting | Other 31 Oct 2018 | | |
Microsoft IT services, Software Development | Microsoft IT services, Software Development | Capitalistic Not partnership Event 8 Oct 2020 | |