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Axiom expands offering for in-house teams
Alternative legal services provider Axiom has partnered with collaborative AI platform Legora to help in-house legal teams accelerate large-scale document reviews and significantly cut costs.
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Legora is the newest addition to Axiom’s Tech+Talent portfolio, and the new combination will enable in-house teams to complete large-scale, document-heavy projects up to 75 per cent more efficiently.
The platform lets in-house legal departments and company business teams analyse hundreds of thousands of documents in days rather than weeks or months, at approximately half the cost of traditional methods.
It drives efficiency for in-house lawyers completing a variety of tasks, including large-scale document analysis, including acquisition due diligence, post-merger integration, divestiture analysis and preparation, contract portfolio management, and implementation of contract management systems.
Axiom launched the first of its Tech+Talent offerings in March in partnership with DraftPilot: an AI-powered contract review tool that integrates with Microsoft Word.
Axiom chief technology officer CJ Saretto said the new portfolio offering would be especially helpful for contract review.
“Axiom’s partnership with Legora is a true game changer for large-scale contract review. Most in-house legal departments face an impossible choice with contract analysis: be thorough, be fast, or be cost-effective – pick any two,” he said.
“But Legora, paired with Axiom’s AI-trained legal talent, allows clients to have all three benefits. Our robust piloting gave us the confidence to scope the review of 200,000 contracts for nuanced change of control provisions for 75 per cent less than the cost of traditional methods and delivered in weeks versus months.”
Axiom‘s Tech+Talent approach allows in-house teams to harness the full power of Legora’s platform and Axiom’s Legal AI expertise with zero user licensing limitations, with no extra software to buy or training required. The platform also tailors AI capabilities to specific workflows and is results-driven.
Axiom chief talent officer Sara Morgan (pictured) said the provider’s “selective approach” to legal AI and who uses it is what sets the Tech+Talent portfolio apart.
“Our legal talent, hired for their agility and in-house skill and expertise, are specially trained on the AI tools we recommend and supported by dedicated Axiom technical experts. Equipped with Legora’s robust contract review capabilities, our lawyers and allied legal professionals help clients tackle large projects faster and at far lower costs,” she said.
“In an ever-shifting landscape of legal tech, why integrate a tool into an in-house team and train talent, just to realise the sand has shifted beneath your feet? Axiom provides you with a rigorously vetted Legal AI tool in Legora and pre-trained talent, wrapped with dedicated AI experts. It’s innovation made easy for our clients and exciting for Axiom talent!”
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Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.