Menu
McCarthyFinch unveils first AI legal tool: AuthorDocs

McCarthyFinch unveils first AI legal tool: AuthorDocs

Founding investor MinterEllisonRuddWatts appointed exclusive NZ reseller

(L-R) Nick Whitehouse an James Schellhase (McCartyFinch), Andrew Poole and Tom Maasland (MinterEllisonRuddWatts)

(L-R) Nick Whitehouse an James Schellhase (McCartyFinch), Andrew Poole and Tom Maasland (MinterEllisonRuddWatts)

Credit: IDG

The product of more than two years work and over a million dollars of investment from a local law firm was revealed yesterday in the form of an AI tool for lawyers.

AuthorDocs Business Edition is a Microsoft Word plug-in that uses neuro-linguistic programming and machine learning together with human inputs to help automate labour intensive contract review processes.

Law firm MinterEllisonRuddWatts, which hosted the global AuthorDocs launch yesterday, was a major investor in the project when developer McCarthyFinch was established in early 2017, putting in over $1 million.

It has now been appointed as the product's exclusive New Zealand reseller.

Because it is a plug-in, the system is easy to roll out and set up and its intelligence can be tailored to each team's or user's needs, the developers said.

The the tool can deliver significant time savings, improved collaboration, better quality, lower risk and greater value. Time taken to review contracts can be reduced by 60 per cent.

MinterEllisonRuddWatts CEO Andrew Poole said AuthorDocs was a demonstration of its commitment to service and adding value to clients.

"This cleverly designed AI tool combines simplicity and ease of use and is an ideal choice for any legal team looking to make tangible steps towards greater efficiency and the use of technology in the management of contracts," he said.

At the same time as legal spending is increasingly constrained, legal teams are expected to be more responsive, flexible and thorough in their work while also delivering measurable value, said McCarthyFinch chair James Schellhase.

"The quality and expediency of contract review and drafting are no exceptions and AuthorDocs uses AI technology to accelerate legal work and free lawyers to focus on higher value needs of the business," he said.

In that context, AuthorDocs can deliver quick wins and open a quick and easy gateway into the use of AI, said McCarthyFinch co-founder and CEO Nick Whitehouse.

"AuthorDocs creates immediate value. There are no complex IT projects and no changes to existing processes required," Whitehouse said. "You can simply download and get started."

The company has more product poised under development and approaching release, Whitehouse said.

The tool is not MinterEllisonRuddWatts first foray into software. It also resells SafeTrac for online compliance training and has two products of its own - Document Portal for document storage and automation and a compliance register.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags legalcontractsAIlawyersMinterEllisonRuddWattsartificial intelligenceMcCartyFinch

Featured

Slideshows

Malwarebytes shoots the breeze with channel, prospects

Malwarebytes shoots the breeze with channel, prospects

A Kumeu, Auckland, winery was the venue for a Malwarebytes event for partner and prospect MSPs - with some straight shooting on the side. The half-day getaway, which featured an archery competition, lunch and wine-tasting aimed at bringing Malwarebytes' local New Zealand and top and prospective MSP partners together to celebrate recent local successes, and discuss the current state of malware in New Zealand. This was also a unique opportunity for local MSPs to learn about how they can get the most out of Malwarebytes' MSP program and offering, as more Kiwi businesses are targeted by malware.

Malwarebytes shoots the breeze with channel, prospects
EDGE 2019: Channel forges new partnerships during evening networking

EDGE 2019: Channel forges new partnerships during evening networking

Partners, vendors and distributors reconnected during a number of social gatherings during EDGE 2019. The first evening saw the channel congregate for a welcome party at the Hamilton Island yacht club, while the main poolside proved to be the perfect stop for a barbecue on the final night.

EDGE 2019: Channel forges new partnerships during evening networking
Show Comments