AI to turn contracts into competitive advantage
The law firm of JonesSpross has developed a high value, high touch experience while incorporating process efficiencies and a global 24/7 workforce to deliver unmatched service at more competitive costs and shorter timeframes than traditional firms.
OPPORTUNITY
Existing rule-based solutions are inadequate
Current legal tools require significant manual effort to maintain guidelines and ensure consistency. They don’t have a memory, and can’t adapt to new strategies.
RESULTS
Kickdrum used LLMs and Generative AI for faster and better feedback
With a new Generative AI approach using GPT-4, Jones & Spross can unlock dramatic time savings and productivity improvements while maintaining quality and consistency.
Automated contract analysis
The system analyzes contracts without manual input to answer questions, identify inconsistencies, and recommend improvements.
AI-enabled “surgical drafting”
Using a library of prompts designed to apply a deal-specific posture, clauses are drafted to achieve specific objectives. The system has memory, learns from prior interactions, and improves over time.
“Analyzing and drafting thousands of contracts is a manual, costly, and time-consuming process. AI will change everything about that.”
Lance Jones
Founding Partner, JonesSpross
