Today, legal technology is facilitating more swift and efficient operations in the legal profession. One such advancement is VerifAI, a Microsoft Word add-in from SpotDraft, a contract lifecycle management company, designed to significantly expedite the contract review process for legal professionals.
VerifAI employs generative artificial intelligence (AI) to scrutinise contracts paralleling an individual’s personal criteria. This user-specific approach allows it to answer open-ended queries accurately. Interestingly, this technology is accessible to all lawyers, even if they do not utilize SpotDraft’s contract lifecycle management (CLM) platform.
Rohith Salim, the co-founder and chief product officer of SpotDraft, recently gave insights into the workings of the VerifAI tool. He shared guidelines about when to use VerifAI, provided a demonstration of VerifAI in Microsoft Word, and shed light on how to create a new guide in VerifAI.
- The characteristics of VerifAI become handy with Microsoft Word.
- It provides in-depth guides that can be customized according to the user’s preferences.
SpotDraft has gained recognition for its use of AI in its contract lifecycle management platform, primarily supporting fast-growing companies such as Airbnb, Notion, and Strava. The firm enjoys the support from notable investors such as Prosus, Arkam Ventures, Riverwalk Holdings, and Premji Invest.
For a more detailed view of how this tool functions, a video provides a comprehensive depiction. It is part of the LawSites video series ‘How It Works‘, which offers a hands-on demonstration of various legal technology products.
You can watch the video on VerifAI to gain a detailed understanding of its workings. Also, you can check out the other episodes of this insightful series.
Follow this link to learn more about VerifAI.