MNTSQ AI Legal Assistant Revolutionizes Contract Management with AI Technology

Transforming Legal Practices with MNTSQ AI Contract Assistant

In a significant move aimed at revolutionizing the legal sector, MNTSQ Inc., headquartered in Chuo-ku, Tokyo, has announced the launch of its new service, the "MNTSQ AI Contract Assistant." Developed in collaboration with Dentsu Research Institute, this innovative tool integrates artificial intelligence (AI) with contract knowledge to enhance contract management efficiency and risk assessment.

Dentsu Research Institute, looking ahead to its long-term vision of "Vision 2030," has decided to restructure and enhance its capabilities by merging group companies and integrating systems with think tank and consulting functions. This evolution is not limited to merely improving operational efficiency; the goal is to transform the legal departments to support their organizational change. Starting in 2024, organizations will be able to leverage the capabilities of MNTSQ to achieve this.

The MNTSQ AI Contract Assistant intelligently categorizes contracts based on risk. It successfully directs low-risk agreements to the appropriate channels while escalating only high-risk contracts to the legal team. This strategic approach enables both business and legal departments to respond more efficiently to low-risk issues. Furthermore, resources can be concentrated on managing high-risk cases, resulting in overall improved efficiency.

User-Friendly Interface

One of the standout features of the MNTSQ AI Contract Assistant is its user-friendly interface. Legal department members merely need to upload contracts, after which the assistant provides automatic guidance on the next steps. In the past, low-risk contracts often ended up being escalated to legal because team members were either unaware of the existing rules or found challenging to apply them to real cases. The MNTSQ AI Contract Assistant eliminates these issues by accurately interpreting the rules, enabling quicker resolutions for low-risk contracts and significantly reducing the burden on business teams.

Dentsu Institute's legal personnel expect that the sophisticated use of AI in this new service will not just streamline operations but will also fundamentally enhance their risk management processes. The successful integration of this innovative tool is anticipated to sharpen the overall understanding and utilization of the MNTSQ service within the organization, allowing legal services to evolve in response to the rapid growth of businesses.

A Commitment to Fairness in Agreements

Founded in November 2018, MNTSQ Inc. is dedicated to ensuring fairness in every agreement. The company merges the expertise of Nagashima Ohno & Tsunematsu, one of Japan's four major law firms, with proprietary machine learning tailored for contracts and legal processes. MNTSQ supports customers through every stage of contract lifecycle management—from creation and review to administration and knowledge acquisition—thus providing transformative services that optimize contract and legal operations.

The introduction of the MNTSQ AI Contract Assistant represents a significant step forward in the deployment of technology in legal departments, indicating the promising potential of AI to reshape conventional practices. As MNTSQ continues to innovate and refine its offerings, it aims to contribute meaningfully to the evolution of legal services, making them more accessible and efficient for all.

For more information, please visit MNTSQ's official website.