New generative AI capabilities across the LinkSquares Cloud will enhance legal workflows while ensuring accuracy and compliance
We are excited to announce our 2024 strategy to infuse generative artificial intelligence (AI) across the entire product suite, starting with AI-Assisted Redlining in Finalize for Word and AI-Suggested Subtasks in Prioritize. Our enterprise legal management (ELM) platform combines native AI built exclusively for legal teams with generative AI technology to enhance legal workflows while ensuring accuracy and compliance.
AI-Assisted Redlining will accelerate redlining in LinkSquares Finalize for Word, making it easier for users to review, approve, and edit document versions so they never have to start from scratch again.
“As the pioneer in AI-powered legal technology, our commitment has always been to deliver real customer value through cutting-edge AI,” said Vishal Sunak, CEO and co-founder of LinkSquares. “Our strategic focus centers around enhancing all legal workflows across the LinkSquares Cloud through both our proprietary AI and generative AI features. We’re thrilled to deliver on our promise to help legal teams unlock more efficiency, consistency, and value across their business with our AI-powered enterprise legal management platform purpose-built for legal.”
LinkSquares’ deliberate approach to generative AI focuses on the holistic legal professional, going beyond just contracts and extending into legal project management. LinkSquares’ new generative AI capabilities launching in Q1, AI-Assisted Redlining and AI-Suggested Subtasks, further prove our commitment to helping legal teams keep pace with today’s rapidly changing business environment and work more efficiently than previously possible.
Simplified contract reviews with AI-Assisted Redlining
Redlining is a critical yet time-consuming process for legal teams because the sensitivity of negotiations with third parties demands the utmost care and attention. AI-Assisted Redlining will accelerate redlining in LinkSquares Finalize for Word, making it easier for users to review, approve, and edit document versions so they never have to start from scratch again.
AI-Assisted Redlining generates an agreement summary based on AI analysis as redlines and language progress, evolving as new versions are created, while taking a first pass of the redlines your party requires. LinkSquares’ AI analyzes each contract based on pre-approved language, detects language that deviates from configured standards, and flags when additional attention is needed. In addition to identifying potential risk across all agreements, AI-Assisted Redlining provides suggestions to improve the flagged language. Outside of automatically detected language, users can prompt the system to generate changes with suggested redlines anywhere in their documents.
Streamlined template workflows with AI-Suggested Subtasks
AI-suggested subtasks help speed up the process of creating and carrying out legal workflows in LinkSquares Prioritize by automatically generating suggested steps for both the requestor and the legal team. Legal teams can manually enter the steps required to create a specific task or let LinkSquares’ AI recommend subtasks. Customized workflows with Prioritize Templates allow teams to standardize the completion of recurring tasks — from reviewing marketing collateral to applying for a trademark, delivering board minutes, or approving a new human resources policy — while improving cross-functional alignment, efficiency, and consistency.
LinkSquares’ generative AI will share similar parameters to our proprietary AI technology built exclusively for legal teams, and will only return generated content useful to a legal professional. LinkSquares’ hybrid large language model strategy currently includes Anthropic’s Claude on AWS Bedrock, and will continue to diversify to meet legal’s emerging needs.
To learn how LinkSquares’ enterprise legal management platform is helping teams move business forward faster, check out the LinkSquares Cloud.
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