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Law firm-incubated business launches AI contract review tech “60 times faster than paralegals”

A contract review technology company incubated by Cambridge-based law firm Taylor Vinters today launched an artificial intelligent (AI) product that it claims is on average 60 times faster and 30% cheaper than traditional paralegals.

ThoughtRiver, which in May raised more than $1m(£736,000) in a funding round which was over-subscribed within 11 days, has trialled the product, Review, with in-house legal departments, including BT, and law firm Eversheds Sutherlands.

Read the full article in “Legal Futures” here.