Wolters Kluwer partners with AI contract analytics provider Della
July 20, 2020 - Today, Wolters Kluwer Legal & Regulatory announces its partnership in France with Della, an AI contract analytics software provider for corporate legal departments and law firms. At a time when the search for productivity is accelerating for legal professionals, Wolters Kluwer and Della offer lawyers a new way of analysing contracts.
With an API integration between Legisway, Wolters Kluwer’s legal management solution for legal departments, and Della’s unique AI technology, lawyers can seamlessly leverage AI and deep learning capabilities to automate contract indexing and streamline and simplify their tasks by resolving critical pain points in the contract management lifecycle.
Freeing up lawyers from time-consuming tasks through AI technology
According to Wolters Kluwer Legal & Regulatory’s 2020 Future Ready Lawyer Report, 82% of legal departments expect greater use of technology to improve their productivity in the next 3 years. In the legal department context, each contract is a time-consuming challenge to successfully assemble the different pieces of the contractual puzzle such as contract typology, contract lifecycle, regulation or multi-tasking contract management.
“Knowing where to quickly locate what is important in a contract is a major challenge for lawyers; they are looking for dedicated solutions that can help them in making the right decisions more quickly whilst controlling their contractual risks. Using Legisway and Della together to automate contract review can streamline legal departments’ workflow across the contract management lifecycle thereby significantly increasing legal professionals’ productivity”, said Jesus Diaz, General Manager of Wolters Kluwer’s Legal Software unit in France. "We chose to partner with Della because they have developed the most advanced technology on the market, and also the most flexible and scalable one: the application perspectives for our legal software solutions to improve the productivity and performance of legal professionals are enormous.”
“We are delighted to partner with Wolters Kluwer,” said Christophe Frèrebeau, CEO of Della. “Bringing the power of our AI directly into the Legisway platform is a great way to help legal professionals and introduce them to the potential of AI, freeing them from the tedious process of entering contracts into a CLM, reducing errors and leading to efficiency gains, thus enabling better quality work.”
AI technology applied for the first time in the legal market
- "Deep learning” on the front line: Della's AI technology uses the latest progress in deep learning to analyse the meaning of contracts, allowing to get instant analysis of the inherent risks and obligations. This technology gives corporate legal departments new work latitude..
- Augmented Intelligence: Della’s unique technology was designed to make corporate legal departments more efficient. The AI technology is there to suggest and bring to attention the relevant contract points, allowing a massive productivity increase. This gives Legisway the ability to adapt and configure Della’s technology for their clients’ needs.
- A multilingual solution: Currently, the Della solution identifies English and French data in contracts, additional languages to be added in the future.
To learn more about our Legisway portfolio, please visit our website.
About Wolters Kluwer
Wolters Kluwer’s Legal Software unit, part of the group’s Legal & Regulatory division, is a global leading provider of innovative and practical software solutions for corporate legal departments and law firms, including Legisway and Kleos. Its cloud-based and on-premise portfolio of solutions is developed side by side with customers, enabling legal professionals to increase efficiency, performance and mitigate risk. State of the art, ISO-certified technology and teams of experts ensure the highest security and quality of service for more than 100,000 legal professionals across nine countries in Europe and the US.
Wolters Kluwer is a global leader in professional information, software solutions, and services for the clinicians, nurses, accountants, lawyers, and tax, finance, audit, risk, compliance, and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit the Wolters Kluwer website, follow us on LinkedIn, Twitter, Facebook, and YouTube.
Della is an up-and-coming legal technology company, providing artificial intelligence to accelerate review and audit of legal documents. Della has developed a unique question answering technology, allowing legal professionals to analyse documents based on their own questions and checklists, allowing them to make the best use of their own expertise. This novel technology allows firms of all sizes to use and adopt AI without the significant time investments which was required for early AI players. Founded in 2018, Della’s platform is already used by law firms and in-house legal departments across Europe. Della has offices in Paris and London. For more information, visit the Della website and follow on LinkedIn