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Alternative legal services provider Axiom has launched a new AI-enabled contracting solution, which can streamline the contracting process by up to 60 per cent.
In partnership with DraftPilot, Axiom has introduced the first of its new Tech+Talent offerings: an AI-powered contract review tool that integrates with Microsoft Word.
The tool can improve the efficiency of contract-related legal tasks by up to 60 per cent, delivering exceptional efficiency in issue spotting, redlining, playbook creation, contract summarisation, and ad-hoc clause drafting.
DraftPilot is the first in a series of Tech+Talent AI solutions that Axiom is deploying among global in-house legal teams to assist in cutting through the AI hype to identify, screen, pilot, and deploy tools. DraftPilot has also been vetted through extensive Axiom field testing in real client engagements.
Axiom chief talent officer Sara Morgan said the solution meets Axiom’s standards for accuracy, trustworthiness, time savings, usability, and risk – and can be put to work quickly by clients.
“Our clients need legal AI technology they can trust and that meets extremely high standards for work quality and value. That’s what they’ll get with DraftPilot today, backed by Axiom’s 25 years of experience amplifying the success of in-house legal teams,” she said.
“In our testing, we found many legal AI tools often aren’t adopted, don’t fit the team’s workflow, require lots of set-up and training, or they’re just too hard for lawyers to use. As the first Axiom-approved AI, our clients can trust that DraftPilot, paired with our high-quality legal AI talent, can meet the contracting challenges posed by high-volume, real-world in-house environments.”
To be approved for use by Axiom, DraftPilot recorded an average of 40-60 per cent time savings across routine contract review tasks, improved work quality and consistency (reported by 89 per cent of attorneys), had minimal training requirements and no instances of decreased productivity or work quality, as well as was successfully used across multiple contract types and languages.
Chief technology officer CJ Saretto said the results were amazing to see.
“The results blew us away. Our legal talent saw up to 60 per cent time-savings on routine contract tasks, and here’s the kicker: work quality went up,” he said.
“Attorneys using DraftPilot reported that the AI was like having an associate take the first pass on a contract review, removing tedious tasks, and freeing them up to focus on higher-value strategy and negotiation. Our clients can now capitalise on AI-enhanced contract review with DraftPilot, knowing it’s been rigorously field-tested by Axiom attorneys.”
To determine which AI contract review tools were ready for real-world use, Axiom’s talent and technology teams also spent eight months designing, developing, and running an evaluation and pilot program to define crucial performance and usability measures, and established related key performance indicators (KPIs), for eight leading legal AI contracting tools. Lawyers at 27 global in-house legal teams were recruited to participate in the real-world testing of the AI tools.
The test criteria for achieving approval included aspects such as reviewing third-party contracts, converting contract templates into reusable playbooks, an attorney-friendly user interface, third-party validation of results and passing a rigorous security and privacy compliance review – something DraftPilot CEO Daniel van Binsbergen said was particularly important.
“Any vendor can demo their AI and make it look impressive. What sets this offering apart is the RFP and piloting process Axiom put in place. Axiom didn’t just ‘kick the tyres,’ but instead selected DraftPilot from a field of well-researched tools to put DraftPilot to work on real client matters,” he said.
“This pilot had real lawyers using production AI in a formal program with defined success metrics, with in-house legal practitioners reporting on the benefits. As a legal technology vendor, being approved and offered by Axiom is a huge win because it gives us the opportunity to help thousands of corporate legal teams worldwide by boosting their capacity with AI-enhanced contract review.”
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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.
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Lauren Croft
