Ironclad CAI

An Ironclad CAI is a contract-focused chatbot by Ironclad that is an AI-powered virtual assistant for contract management (e.g. contract review).

• Context:
  • Website: https://ironcladapp.com/product/ironclad-contract-ai/
• Example(s):
  • https://ironcladapp.com/product/ironclad-contract-ai/#video
  • ...
• Counter-Example(s):
  • Evisort Contract Management System,
  • Kira Systems,
  • Casetext CoCounsel,
  • DoNotPay (Virtual Legal Assistant,
  • Cognitiv+.
• See: AI for Legal, Contract Review System, Contract AI System, Legal AI Chatbot, Contract Analysis, Contract Management System.

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References

2023

• (Ironclad, 2023) ⇒ https://ironcladapp.com/product/ironclad-contract-ai/
  • SUMMARY:
    • Overview
      • CAI is a new AI-powered virtual assistant for contract management released by Ironclad.
      • It is positioned as a next-generation legal chatbot and one of the most advanced assistants available.
    • Features
      • Provides a natural language interface for queries about contracts.
      • Can understand complex, multi-step questions and follow-up prompts.
      • Answers questions by searching contracts, analyzing contract data, creating visualizations.
      • Identifies contracts or workflows needing attention.
      • Enables access to legal data for non-legal users without training.
    • Technology
      • Leverages generative AI models like OpenAI's GPT to digest prompts and complete tasks.
      • Allows visibility into its reasoning process.
      • Handles more complexity than typical chatbots.
      • Works on both desktop and mobile.
    • Benefits
      • Speeds up contract processes like search, analysis, review.
      • Scales legal support across the organization.
      • Provides easy access to insights from contract data.
      • Reduces manual processes and bottlenecks.
      • Transforms efficiency of contract management.
    • Release
      • Part of Ironclad's broader AI product suite including Ironclad Assist, Ironclad Repository, etc.

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