ThoughtRiver, the market leader in intelligent contract pre-screening, has announced that it has partnered with international law firm Taylor Vinters to offer a new contract review and risk assessment as a service to its customers.
Users of ThoughtRiver will be able to review contracts using a Taylor Vinters approved standard via a simple on-platform purchase. The accumulated legal knowledge and experience of the Taylor Vinters team has been codified based on ThoughtRiver’s Lexible framework so it can integrate with the ThoughtRiver platform seamlessly.
Leveraging on the speed of ThoughtRiver’s underlying contract pre-screening application, Taylor Vinters, an existing investor in ThoughtRiver, will be able to offer legal services not only at a more affordable rate for businesses but also in a fraction of the time of a traditional consultation process.
The partnership will begin with ThoughtRiver offering a full-service package to customers looking for advice on the 3rd party non-disclosure agreements (NDAs) that they receive.
“This new technology allows us to take a pioneering step forward within the professional-level legal services landscape - to position law as a commercial service model.” said Matt Meyer, CEO, Taylor Vinters, “We’re excited to have worked with ThoughtRiver to develop cutting edge new business and technology frameworks which will have a genuine impact on the service we can provide to our clients, opening up what we have to offer to a much larger audience.”
Tim Pullan, CEO of ThoughtRiver, commented: “We’re delighted to announce the first of what I’m confident will be many partnerships of this nature. Taylor Vinters is an entrepreneurial trend-setter in its own right, and I’m proud that we will be extending our close working relationship ever further, while democratising the availability of legal services to the wider public and businesses.”
This latest news follows a series of firsts for ThoughtRiver. In September, ThoughtRiver announced an integration with data visualisation system Tableau to boost contract risk analysis for its clients, as well as the launch of its Microsoft Word plug-in, which gives legal professionals the ability to automatically review and remediate contracts directly within Microsoft Word.
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