Axiom and DraftPilot Launch AI-Enabled Contracting Solution Enhancing Efficiency

Axiom Introduces Revolutionary AI-Enabled Contracting Solution

In a groundbreaking move set to redefine legal practices, Axiom has partnered with DraftPilot to roll out an innovative Tech+Talent solution. This offering centers around DraftPilot, an AI-driven contract review tool tailored to streamline and expedite the contract-related legal tasks typically bogged down by time and complexity.

The modern legal landscape demands efficiency, especially as companies grapple with the ever-increasing volume of contracts. Axiom's introduction of DraftPilot promises a transformative approach for in-house legal teams, enhancing their contracting processes and enabling them to achieve significant time savings and improved quality. Through rigorous testing with Axiom's experienced lawyers, DraftPilot has demonstrated a remarkable capability to reduce the time spent on contract reviews by a staggering 40-60%. This efficiency not only facilitates quicker turnaround times but also leads to better issue spotting and contract summarization, which are critical for legal professionals.

Sara Morgan, Chief Legal Talent Officer at Axiom, emphasized the necessity for trustworthy legal AI technologies that meet the highest standards of quality and efficiency. She remarked, "Our clients need legal AI technology they can trust and that meets extremely high standards for work quality and value. That's what they'll get with DraftPilot today, backed by Axiom's 25 years of experience amplifying the success of in-house legal teams."

DraftPilot is expected to be a game-changer for legal professionals. It seamlessly integrates with Microsoft Word, allowing attorneys to verify and edit AI suggestions effortlessly. This AI tool has been evaluated using a set of key performance indicators across various dimensions that underline its practical application in real-world scenarios. The evaluation included assessments across six critical measures that demanded strong performance output and consistent usability.

Key findings from Axiom's pilot program reveal impressive metrics: 89% of attorneys reported enhanced work quality and consistency when using DraftPilot, asserting that it often felt like having an associate conducting the initial review. Notably, attorneys faced no decrease in productivity or quality, allowing them to direct their focus toward higher-value strategic tasks and negotiations.

Furthermore, the ability of DraftPilot to generate comprehensive redline justifications during negotiations proved to yield better outcomes, making it not just a tool for efficiency but also a catalyst for strategic advantage.

Axiom's Chief Technology Officer, C.J. Saretto, praised the collaboration, noting, "Our legal team experienced up to 60% time-savings on routine contract tasks, and remarkably, work quality went up. DraftPilot has relieved attorneys from tedious tasks and empowered them to engage in more strategic considerations."

This integration of AI into the contracting workflow signifies a shift in how legal teams can operate. Axiom's rigorous evaluation process included real-world testing among 27 global in-house legal teams, where lawyers utilized the AI tool in authentic scenarios to gauge its effectiveness thoroughly. This involved marking up third-party contracts, converting templates into reusable playbooks, and tailoring review processes to various attorney work styles—all with minimal training required.

Axiom's systematic approach illustrates a decisive step in leveraging technology to meet the complex needs of legal departments worldwide. As Axiom continues to expand its portfolio of Tech+Talent solutions, the legal field can expect further innovations aimed at enhancing productivity and quality.

In essence, DraftPilot represents more than just a new tool; it embodies Axiom's commitment to fostering an adaptive and efficient legal environment. With the legal landscape constantly evolving, embracing such AI-enhanced solutions is not merely advantageous but essential for staying competitive.

For more insights and information on how DraftPilot can transform your contracting processes, visit Axiom's website or engage with their expert content available through various platforms, including LinkedIn and YouTube. Axiom stands ready to assist legal departments in navigating the complexities of modern contracting with an array of innovative solutions like DraftPilot.