Wolters Kluwer makes new enhancements to AI-Powered Legisway
By Gloria Methri
February 15, 2023
- AI-Powered Decisioning
- Client Interaction Workflow Solution
- Contract Lifecycle Management
Wolters Kluwer Legal & Regulatory, U.S. has announced a suite of new features and functions to its AI-powered version of Legisway. The enhancements aim to strengthen the all-in-one SaaS solution that powers enterprise legal management for corporate legal departments.
Legisway is a configurable, modular workflow solution, productivity tool, and smart repository for mid-sized corporate legal departments across several industries.
The solution contains powerful contract lifecycle management and customizable modules for a wide range of workflows. The new enhancements are expected to bolster the solution’s wide range of workflow capabilities to help users increase visibility, better manage risk, collaborate effectively with their business, and more.
“Users now have access to a suite of tools to enable more streamlined task management, faster contract drafting, and AI-powered risk management,” said Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. “Wolters Kluwer has a strong, longstanding track record of providing best-in-class solutions for the corporate legal market. With these new additions, we are showing our customers that we are committed to continuously improving an already powerful, intuitive solution that evolves with their needs and brings them the best possible outcomes.”
Legisway offers AI-powered contract lifecycle management (CLM) that enables document creation, editing, and version control, as well as self-service templates and a legal ticketing system. Outside of CLM, users can leverage the modules to manage legal entities and corporate governance, intellectual property rights, legal claims, real estate, outside counsel spending, and more. The solution enables flexibility to create and manage custom reports, operationalize business processes, and create automated alerts on key milestones.
In December 2022, Wolters Kluwer announced its acquisition of Della AI Ltd., a provider of leading artificial intelligence technology based on advanced natural language processing. This technology allows legal professionals to review contracts in multiple languages by simply asking questions.
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