For a Legal Firm: Contract Review Using NLP

Challenges

  • The client, a legal company, wanted to be able to search documents for lease review and due diligence.
  • The system needed to be able to identify the key parameters defined by the legal expert and provide key insights.
  • Automated summaries had to be prepared using parameters such as contract terms, party details, and compensation and liability clauses.

Xpertnest’s Solutions

  • Xpertnest used Natural Language Processing (NLP) and Artificial Intelligence (AI) to train a model on the key parameters to be identified in the document
  • Data was annotated for module training.
  • A solution was implemented to generate summaries of each contract.
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Value Delivered

  • Accurate summaries of contract information.
  • Minimal human intervention.
  • Improved overall efficiency for document processing, saving time and costs.

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