One way in which AI will transform the legal sector is in the ability to quickly and easily find information across all of a company’s contracts.
Today, we are introducing that capability to the Robin AI Copilot, making it possible for the first time to use natural language queries to search across an entire contract repository. This first ever application of a Large Language Model (LLM), fine-tuned for legal, to contract search will convert contract questions into answers in seconds, accelerating decision making for customers, mitigating business risk and ultimately saving hundreds of hours in legal process.
Corporate legal teams sit on hundreds of thousands, if not millions, of agreed terms across all of their contracts with no easy way to quickly surface the information they need. Some businesses simply store their contracts in spreadsheets or folders making it extremely time consuming to find information. Others may use Contract Lifecycle Management (CLM) or Document Management Systems (DMS) but these don’t allow deep searches across terms or to surface obligations. Generative AI has the power to completely transform how companies manage their signed contracts.
Our AI copilot, Robin, is already changing the way businesses draft and review contracts. Our unique approach has trained a Large Language Model (Anthropic’s Claude) to understand contracts using the world’s largest proprietary contract dataset and our own team of expert lawyers to achieve the highest levels of accuracy. Businesses around the world are already using our software to analyse their contracts and suggest edits in real time, based on their preferred positions. This allows legal teams to efficiently review and approve changes without going through the entire contract line by line, cutting the time it takes to review contracts by 82% on average.
We are now taking this same approach to the querying and searching of contracts. A LLM that has been fine tuned by us for legal instantly converts natural language questions into structured filtering to retrieve any information you need, in seconds. With Robin, legal teams can now quickly and easily find specific precedents, obligations and terms in one, several or all of their contracts. For example, you could ask Robin:
- I want to invest in a micro-brewery. Am I allowed to?
- Show me all of my contracts signed since Covid 19
- What contracts do I have where the governing law is German?
- Do I have any NDAs with non-solicitation provisions?
- Do I have any auto-renewal provisions in my supplier agreements?
Richard Robinson, CEO and co-founder of Robin AI commented, “I know from experience how much time is spent combing through contracts to find past agreed upon terms, and how limited, expensive and difficult to use existing contract management tools are. We have uniquely trained a generative AI model to understand contracts so that a company’s entire repository of contracts can be easily searched in seconds. This is a great example of the power of generative AI to bring tangible benefits and efficiencies to legal teams.” Robin AI is at the forefront of applying the latest in AI and machine learning technologies to the legal industry to help automate repetitive and tedious tasks, freeing up legal teams to spend more time on high value work. But we don’t just use AI alone to do legal work. Instead, we built a modular platform that combines this technology with proprietary contract data and a team of expert lawyers to review work and train the system to be better and more accurate. Anyone can try out aspects of our service for free at www.robinai.com
About Robin AI
Robin AI serves a diverse range of customers from large multinational corporations to SMEs and scale-ups. For example, our free self-serve software helps SMEs process contracts faster and at significantly lower cost - and bigger businesses can make use of more advanced features to edit high volume contracts efficiently, alongside specialist support from our 30 in-house lawyers.
Founded in 2019 by Richard Robinson, a former lawyer at Clifford Chance, and James Clough, a former machine learning research scientist at KCL and Imperial College, Robin AI has a 100+ team of full-time employees, including legal professionals and software engineers. The Robin AI team is based in London and New York but operates globally. 75% of its revenue is derived from the US.