Our LexPredict Team is excited to announce the new ContraxSuite User Interface – See Press Release < HERE >
ContraxSuite has a wide range of user types across our various legal service delivery customers. Relevant users include legal data scientists, power users in legal information technology, professional review teams at legal process outsourcers, contract review units in corporate legal departments, as well as associates and partners in law firms. While the existing ContraxSuite user interface will still serve as the interface for our data scientist community, the new UI is designed to serve the needs of a much broader community of users.
Eric Detterman – VP and Global Head of Products and Solution Engineering at LexPredict noted, “The new ContraxSuite User Interface delivers the bells and whistles that many users expect from a modern app or software tool, including dynamic menus, helpful dialog boxes, and an easy, intuitive design.”
We are so happy that Baker McKenzie chose to partner with the LexPredict team and leverage ContraxSuite in this exciting offering!
< Access Press Release Here >
< Legal IT Insider Story Here >
Last week we had the pleasure of offering a demo at the Frankfurt Legal Technology and Innovation Meetup – Demo Night. We gave a remote demo of ContraxSuite (our contracts / legal document analytics platform).
On August 1, we released Contrax Suite (an open source document analytics platform). It is important to note that we have decided upon dual licensing – (1) open source (AGPL) which is pretty hard core copyleft and (2) a more permissive license in specific circumstances. The key for us is to maintain the opensource ecosystem which requires balancing competing interests. We cannot grant the more permissive license to everyone under all conditions or it undermines the entire effort.
That said, we have a real problems in the A.I. + Law community. Some of the claims are outlandish and the business model (at its core) does not really make sense. We think that opensource helps solve for some (perhaps not all) of the adoption issues.
Live on Github – the LexPredict Team has open-sourced ContraxSuite 1.0, fundamentally altering the economics of the contract and legal document analytics space – now you can perpetually own a solution with a $0 license and $0 per document fees. But we’re just getting started. Stay tuned over the next few weeks as we release even more documentation and developer examples on Github.
From the article – “We are increasingly thinking that there’s room in legal tech for a Red Hat in legal — companies that really focus on development of software by providing wraparound services, but offer their software open source,” Michael J Bommarito II said.
For more information check out our announcement and the slidedeck (which has more details).
Following up on our prior announcement – here is a slidedeck offering more Product Overview, Use Case and Plan for Release.
Beyond the specific prize attached to upcoming hackathon event, we welcome anyone who (for fun) would like to take a crack at this challenge.
Email us directly (Daniel Martin Katz or Mike Bommarito) – if you would like to work on this challenge.
Our LexPredict Challenge is an opportunity to develop basic tools for processing contracts.
Specifically, you will use the sample contract data below to develop algorithms to:
(1) identify the parties to an agreement
(2) identify effective date segment and date
(3) identify termination clause segment(s) and date(s)
At LexPredict, we have built this simple (and other more complex) technology for use in commercial applications. This is an opportunity to use this challenge to produce open source content which we can be used by all (including in the Legal Analytics Course).